Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 03, 2015 9:15 AM ET

Transportation Infrastructure

Company Overview of 407 International Inc.

Company Overview

407 International Inc., through its subsidiaries, owns, operates, and maintains highway 407 in Canada. The Highway 407 is an all-electronic open-access toll highway, which stretches 108 kilometers from Burlington to Pickering, Canada that connects to seven other large freeways. The company was founded in 1993 and is headquartered in Woodbridge, Canada.

6300 Steeles Avenue West

Woodbridge, ON L4H 1J1

Canada

Founded in 1993

425 Employees

Phone:

888-407-0407

Fax:

905-264-5315

Key Executives for 407 International Inc.

Chief Executive Officer, President, Director, Member of Audit Committee, Member of Executive Committee and Member of Corporate Governance & Compensation Committee
Interim Chief Financial Officer and Interim Corporate Secretary
Chief Information Officer
Vice President of Marketing, Communications and Government Relations
Director of Communications
Compensation as of Fiscal Year 2014.

407 International Inc. Key Developments

407 International Inc. Announces Executive Changes

407 International Inc. announced that the Board of Directors also accepted the planned departure of Mr. Louis-M. St-Maurice as Chief Financial Officer and Corporate Secretary and thanked Mr. St-Maurice for his excellent performance and service to the Company. Mr. St-Maurice joined the Company in 2010 and has overseen a period of financial growth and development. The Board of Directors has appointed Mr. Geoffrey Liang as Chief Financial Officer and Corporate Secretary on an interim basis. Mr. Liang has been with the Company since 1999, and most recently held the position of Managing Director - Finance and Treasurer, where he reported directly to Mr. St-Maurice.

407 International Inc. Announces Earnings Results for the First Quarter 2015; Declares Dividend, Payable on or About April 23, 2015

407 International Inc. announced earnings results for the first quarter 2015. For the quarter, the company reported revenues of $214.0 million compared to $185.3 million for the same period of 2014. Earnings before interest, taxes, depreciation and amortization (EBITDA) totalled $172.5 million compared with $150.3 million for same period of 2014. The company reported net income of $62.7 million compared with net income of $35.3 million for the same period of 2014. The Board of Directors declared an eligible dividend of $0.242 per common share, payable on or about April 23, 2015 to shareholders of record on April 23, 2015.

407 International Inc. Issues $150 Million Aggregate Principal Amount of 3.30% Senior Notes

407 International Inc. announced that it has agreed to issue $150 million aggregate principal amount of 3.30% Senior Notes, Series 15-A1, due March 27, 2045, through its $1.5 billion Medium-Term Notes program and pursuant to a base shelf prospectus dated March 18, 2015, in an agency transaction with a syndicate led by RBC Dominion Securities Inc. and BMO Nesbitt Burns Inc. The syndicate also includes CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Casgrain & Company Limited and TD Securities Inc. The distribution of the Senior Notes is scheduled to close on March 27, 2015. Aggregate net proceeds of approximately $141.1 million, after paying the costs of issuance and funding of the series reserve account, will be used to repay approximately $140 million aggregate principal amount owing by the company to certain Canadian chartered banks under certain of the Company's senior secured revolving credit facilities, and for general corporate purposes.

Similar Private Companies By Industry

Company Name Region
Conforce 1 Container Terminals Inc. Americas
Montreal Gateway Terminals Partnership Americas
Mammoet Canada Eastern Ltd. Americas
Federal Marine Terminal, Inc. Americas
Ryder Container Terminals Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact 407 International Inc., please visit www.407etr.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.