On March 28, 2024, 407 International Inc. announced a medium-term notes offering under a 25-month base shelf prospectus, allowing the issuance of Senior and Subordinated Bonds with maturities of at least one year. The offering size is undetermined, with proceeds allocated for general corporate purposes, operational expenses, and reserve funds. The notes are secured obligations, with Senior Bonds ranking equally with other secured unsubordinated debt and Subordinated Bonds ranking lower.

The deal was managed by BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., CIBC World Markets Inc., Scotia Capital Inc., Casgrain & Company Limited, National Bank Financial Inc., and TD Securities Inc. as dealers. Torys LLP advised 407 International Inc., while Davies Ward Phillips & Vineberg LLP acted for the dealers. The notes are not registered under the U.S. Securities Act and will not be offered in the U.S. unless an exemption applies. No assurance exists of a secondary market, with risks including credit ratings, liquidity concerns, and market conditions affecting pricing and trading.