SickKids closes $100M debenture offering

Ted Liu

The Hospital for Sick Children (SickKids) has completed the offering of 4.487% senior unsecured debentures, Series C due December 8, 2063 at par for $100 million.

The offering was led by CIBC World Markets Inc. and with RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., and TD Securities Inc. making up the underwriting syndicate.

McCarthy T├ętrault LLP acted as legal counsel to SickKids.

13 institutional investors from Ontario, Quebec, BC and Manitoba subscribed the offering.

The Hospital for Sick Children, affiliated with the University of Toronto, is a research-intensive hospital and the largest centre dedicated to improving children’s health in the country.

photo credit: SickKids