Énergir announces closing of its private placement of secured notes

April 11, 2013 - Financial releases

 Montréal, April 10, 2013 – Énergir inc. (“GMi”) announced today that it has completed its previously announced private placement of U.S.$200 million aggregate principal amount of 4.04% senior secured notes due 2043 and 4.19% senior secured notes due 2048 (together, the “Notes”) to certain institutional investors in the United States. The Notes are secured by a guarantee as to payment of principal and interest by Énergir Limited Partnership (“Énergir”), together with collateral security backed by the assets of GMi and Énergir.

Proceeds from the private placement will be loaned by GMi to Énergir on substantially similar terms as to interest rate and maturity, and will be used by Énergir for the refinancing of existing debt and for general corporate purposes.
The Notes have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws.

Overview of Énergir and GMi

GMi mainly holds an economic interest of approximately 71% in Énergir, for which it acts as the General Partner and a financing vehicle.

With more than $5 billion in assets, Énergir is a leading energy provider. It is the largest natural gas distribution company in Quebec, where its 10,000 km underground network of pipelines serves 300 municipalities and more than 185,000 customers. Énergir is also present in Vermont, producing electricity and distributing electricity and natural gas to cater to the needs to some 300,000 customers. Énergir is actively involved in the development of innovative, sustainability-oriented energy projects such as the production of wind power, the use of natural gas as a transportation fuel and the development of biomethane as a renewable energy source. Énergir is committed to ensuring the satisfaction of its customers, providing support to businesses, local organizations, families and communities, and meeting the needs of its partners (Énergir inc. and Valener) and employees.

For more information:

Marie-Noëlle Cano    
Media and public relations   

Investors and analysts
Caroline Warren
Investor Relations

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