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June 30, 2015 1:43 PM ET

Gas Utilities

Company Overview of Gaz Métro inc

Company Overview

Gaz Métro Inc., through its subsidiary, Gaz Metro Limited Partnership, distributes natural gas in Canada. The company operates through four segments: Energy Distribution; Transportation of Natural Gas; Energy Production; and Energy Services, Storage and Other. The Energy Distribution segment distributes natural gas in Quebec; and electricity in Vermont. The Transportation of Natural Gas segment transports natural gas through pipelines. The Energy Production segment is involved in the non-regulated energy production activities related to the wind power projects on the private lands of Seigneurie de Beaupré. The Energy Services, Storage and Other segment engages in the sale, leasing, and maint...

1717 du Havre Street

Montréal, QC H2K 2X3

Canada

Founded in 1955

Key Executives for Gaz Métro inc

Chief Executive Officer, President, Non-Independent Director and Member of Executive Committee
Age: 50
Chief Financial Officer and Executive Vice President of Corporate Affairs
Vice President of Operations
President of Green Mountain Combined and Chief Executive Officer of Green Mountain Combined
Age: 53
Compensation as of Fiscal Year 2014.

Gaz Métro inc Key Developments

Gaz Metro Inc. Announces Completion of Private Placement of $100 Million of Series R First Mortgage Bonds

Gaz Metro inc. announced that it has completed a private placement of $100 million of Series R First Mortgage Bonds. The Series R Bonds are secured by a guarantee as to payment of principal and interest by Gaz Metro Limited Partnership (Gaz Metro), together with collateral security backed by the assets of GMi and Gaz Metro. The Series R Bonds, bearing interest at the rate of 3.30% per annum, will mature on March 31, 2045. Proceeds from the private placement will be loaned by GMi to Gaz Metro on substantially similar terms as to interest rate and maturity, and will be used by Gaz Metro to repay existing indebtedness and for general corporate purposes. The Series R Bonds were offered on an agency basis through a syndicate of dealers led by BMO Nesbitt Burns Inc. and Desjardins Securities Inc., as joint bookrunners and co-lead private placement agents, together with National Bank Financial Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Laurentian Bank Securities Inc. and Casgrain &Company Limited, as agents.

Gaz Métro Increases Its Credit Facility by $200 Million

Valener Inc. announced that Gaz Métro inc. entered into a first supplemental agreement to the credit agreement it entered into on March 2, 2012 with its bank syndicate providing for an increase of the initial revolving credit facility amount committed by the lenders from $600 million to $800 million and an extension of the maturity date to March 2, 2020. The First Supplemental Agreement is guaranteed by Gaz Métro Limited Partnership. Besides the $200 million increase in the size of the facility and the extended maturity, the terms of the original credit agreement remain unchanged by the First Supplemental Agreement. The credit facility is also secured by collateral security backed by the assets of GMi and Gaz Métro. Proceeds from the credit facility will be loaned by GMi to Gaz Métro on substantially similar terms as to interest rate and maturity, and will be used by Gaz Métro for general corporate purposes.

Gaz Metro inc. Closes Private Placement of Senior Secured Notes

Valener Inc. announced that Gaz Metro inc. completed a private placement of $100 million aggregate principal amount of 3.22% senior secured notes due 2024 to certain institutional investors in the United States. The notes are secured by a guarantee as to payment of principal and interest by Gaz Metro Limited Partnership, together with collateral security backed by the assets of GMi and Gaz Metro. Proceeds from the private placement will be loaned by GMi to Gaz Metro on substantially similar terms as to interest rate and maturity, and will be used by Gaz Metro 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 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.

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Date
Target
Private Placement
December 9, 2014
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