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MIFFC completes bond offering to finance aviation fuel storage developments

Montreal International Fuel Facilities Corporation ("MIFFC") completed a $750 million bond offering to finance its aviation fuel storage developments both, on airport in Dorval and at its marine terminal project in the Port of Montreal, and to refinance existing indebtedness. This represents the largest financing of its kind in Canada and a strong market endorsement of the effectiveness and reliability of the airline infrastructure consortium model. MIFFC's marine terminal project is its most significant project undertaken to date. The project involves the development of a marine receiving terminal that will provide access to sea-borne aviation fuel pricing and connect to major regional airports through a MIFFC-owned rail loading facility and, upon completion, a pipeline connection that will directly supply multiple airports. Bennett Jones LLP acted as counsel to MIFFC, with a deal team led by Ian Michael (corporate/commercial) and included Chris Doucet and Jon Berg (corporate/commercial); Adam Taylor and Mahnaz Jan Ali (financial services). Osler, Hoskin & Harcourt LLP acted as counsel to the agents RBC Dominion Securities Inc. and TD Securities Inc.

Company

Montreal International Fuel Facilities Corporation

Law Firm / Organization
Bennett Jones LLP

Company

RBC Dominion Securities Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Company

TD Securities

Law Firm / Organization
Osler, Hoskin & Harcourt LLP
Financing/Investment
Infrastructure
$ 750,000,000
Closed
10 February 2026