Cambridge and North Dumfries Hydro closes private placement offering of $50 million principal amount of senior unsecured debentures

On January 28, 2015, Cambridge and North Dumfries Hydro Inc., a local distribution company, announced the closing of an offering of $50 million principal amount of 3.929% senior unsecured debentures due January 27, 2045.

The debentures were sold on an agency basis to accredited investors on a private placement basis by means of a confidential offering memorandum. CIBC World Markets Inc. served as sole agent and bookrunner on the offering.

Gowlings acted for CIBC World Markets with a team that included Paul Harricks, Bryce Kraeker, Radhika Vaidyanthan and Rob Blackstein (corporate finance and energy) and Ian Mondrow (energy regulatory).