On July 27, 2023, 407 International Inc. (“407 International”) announced that it agreed to issue C$500 million aggregate principal amount of 4.86% senior secured fixed rate notes, Series 23-A1, due July 31, 2053 through its medium term notes program and pursuant to a base shelf prospectus dated March 31, 2022, in an agency transaction with a syndicate co-led by BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. The syndicate also includes CIBC World Markets Inc., Scotia Capital Inc., Casgrain & Company Limited, National Bank Financial Inc. and TD Securities Inc. The distribution of the notes closed on July 31, 2023.