Cameco Completes $500M Bought Deal Offering of Debentures

On September 2, 2009, Cameco Corporation completed a bought deal public offering of $500 million aggregate principal amount 5.67 per cent Senior Unsecured Debentures, Series D. The offering was effected through Cameco's $1 billion shelf prospectus, which it had cleared in mid August. Cameco intends to use the net proceeds of the offering to refinance existing indebtedness and for general corporate purposes.

The debentures were sold through a syndicate of underwriters co-led by RBC Dominion Securities Inc. and Scotia Capital Inc. and that included National Bank Financial Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., HSBC Securities (Canada) Inc., TD Securities Inc., BNP Paribas (Canada) Securities Inc., and Merrill Lynch Canada Inc.

Cameco was represented by its in-house legal team of Larry Korchinski, director of legal affairs and securities compliance, and Holly Ward, legal advisor, and by Osler, Hoskin & Harcourt LLP with a team led by Rob Lando (corporate and securities) and that included Desmond Lee, Mark Hogan, Neil Said and Kate Coolican (corporate and securities) and Radha Curpen (environmental).

The underwriters were represented by Borden Ladner Gervais LLP with a team led by Paul Mingay (corporate and securities) and that included Fred Pletcher, Dyana McLellan, Shannon Webber, Shaunik Katyal and Vanessa McMinn (corporate and securities); Rick Coburn and Christina Vechsler (environmental) and Craig Webster (tax).