Date Closed

September 28, 2005

Lead Office

Toronto

Value

250.00 Million CAD

On September 28, 2005, Winnipeg Airports Authority completed a C$250 million privately-placed bond issue which was a significant component of the financing for its Airport Redevelopment Program.   The bond issuance provided initial capital financing for the C$569 million airport redevelopment, which includes a new terminal building, parkade, and adjacent apron, taxiway and roadway infrastructure.  The bond issue was underwritten by CIBC World Markets, RBC Capital Markets, TD Securities, and Macquarie North America Ltd., and was rated A1 Stable by Moody’s and A Stable by Standard & Poors.  The bonds will bear interest at 5.205%, are due September 28, 2040, and will be repaid in semi-annual installments with interest repayment commencing in 2006, and principal repayment commencing in 2010.

The Winnipeg Airports Authority serves its region by providing value to their customers and community. A source of pride for our community, we strive to be a leader in its growth and development. 

McCarthy Tétrault LLP represented the lending syndicate with a team that included Joel Scoler, Justin Lapedus, Sean O'Neill, and Gordon Sato.