Plenary Health Hamilton to sell C$373.6 million notes in two tranches

By Cristal Cody

Prospect News, Nov. 29 - Plenary Health Hamilton LP plans to price C$373.6 million of notes in a two-tranche sale on Tuesday, an informed source said.

The offering includes C$115.3 million of notes due 2013 talked to yield 130 basis points over the Canada benchmark bond and C$258.3 million of amortizing notes due 2043 at guidance of 225 bps over the Canada benchmark.

RBC Capital Markets Corp. is the lead manager of the offering. The co-managers are TD Securities Inc., National Bank Financial Inc. and BMO Nesbitt Burns Inc.

Plenary Health Hamilton is a new 830,000 square foot mental health care facility under construction by St. Joseph's Healthcare Hamilton in Hamilton, Ont.

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