Date Closed

April 4, 2011

Lead Office

Toronto

Value

525.00 Million CAD

On April 4, 2011, Teranet Holdings LP, a subsidiary of Ontario Municipal Employees Retirement System, raised C$525 million by way of a private placement of senior secured debt in two tranches, being the issuance of an additional C$250 million principal amount of an existing series of 4.807% senior secured bonds due 2020 and a new series of C$275 million principal amount of 6.10% senior secured bonds due 2041.  The offering was underwritten on a bought deal basis by a syndicate co-led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. and which also included TD Securities Inc.  Teranet Inc. built and manages one of the world’s most advanced land registries, Ontario’s Electronic Land Registration System, as well as offering a suite of related data products that deliver solutions to clients in real estate, the legal community, healthcare and government.

McCarthy Tétrault LLP represented Teranet, with a team led by David Lever.