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Toromont Prices Private Offering of Cdn$300 Million 3.76% Senior Unsecured Notes Due 2030
Toromont Prices Private Offering of Cdn$300 Million 3.76% Senior Unsecured Notes Due 2030 ...
About this update from Toromont Industries Ltd.
[{"type":"text","content":"\n\n\n\n Toromont Prices Private Offering of Cdn$300 Million 3.76% Senior Unsecured Notes Due 2030\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n\n\n\n\n TSX Stock Symbol:  TIH\n \n\n\n\n TORONTO\n \n\n ,\n \n\n March 26, 2025\n \n\n /CNW/ - Toromont Industries Ltd. (TSX: TIH) (\"Toromont\")  announced today that it has priced a Canadian offering of\n \n Cdn$300 million\n \n aggregate principal amount of 3.76% senior unsecured notes due 2030 (\"Notes\"). The offering is expected to close on\n \n March 28, 2025\n \n , subject to customary closing conditions. The Notes will be unsecured, unsubordinated obligations of Toromont and will rank\n \n pari passu\n \n with its other unsecured, unsubordinated debt.\n \n\n Toromont intends to use the net proceeds of the offering for the repayment of indebtedness and other general corporate purposes.\n \n\n The Notes are being offered exclusively to persons resident in a Canadian province through a syndicate of agents led by BMO Capital Markets, CIBC Capital Markets and TD Securities Inc. on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities laws in those provinces. The Notes have not been qualified for sale to the public under such securities laws.\n \n\n This news release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities of Toromont in any jurisdiction, and is not an offer for sale within\n \n the United States\n \n of any securities of Toromont. Securities of Toromont, including any debt securities, may not be offered or sold in\n \n the United States\n \n absent registration under U.S. securities laws or unless exempt from registration under such laws. The offering described in this news release is not being made in\n \n the United States\n \n and has not been and will not be registered under U.S. securities laws. Accordingly, the Notes may not be offered or sold in\n \n the United States\n \n except in certain transactions exempt from the registration r...