Enersource Corporation completes C$320 million private placement offering of debentures

Date Closed: 4/29/2011

Value: C$320 million

On April 29, 2011, Enersource Corporation (Enersource), closed a brokered private placement of $320 million aggregate principal amount of senior unsecured debentures in two series composed of $110 million 4.521% Senior Unsecured Debentures, Series A due April 29, 2021 and $210 million 5.297% Senior Unsecured Debentures, Series B due April 29, 2041 (collectively, the Debentures). The net proceeds of the Debentures were used to repay Enersource’s existing long-term debt with the balance of the net proceeds intended for general corporate purposes.

Enersource was represented by BLG with a team led by Paul Findlay, including Dyana McLellan, James Sidlofsky and Mark Lau.