University of Toronto Closes Debenture Offering

The University of Toronto Governing Council, operating under the name of the University of Toronto, completed, on December 15, 2003, a $200 million private placement of 5.841 per cent series B senior unsecured debentures due on December 15, 2043. Scotia Capital Inc. and TD Securities Inc. were the agents and joint lead managers.

The university was represented by Davies Ward Phillips & Vineberg LLP’s Carol Pennycook, Julie Lane and Ryan Voegeli (corporate) and John Zinn (tax). The agents were represented by Gowling Lafleur Henderson LLP, with a team that included Connie Sugiyama, Jason Saltzman and Troy Krushel.

Lawyer(s)

Troy Krushel John Zinn Constance L. Sugiyama Ryan Voegeli Jason A. Saltzman Julie A. Lane Carol D. Pennycook

Firm(s)

Davies Ward Phillips & Vineberg LLP