$700 Million of Medium-Term Notes Issued by 407 International Inc.

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TORONTO, Oct. 1, 2025 /CNW/ - 407 International Inc. (the "Company") announced today that it has agreed to issue (i) $300 million aggregate principal amount of 4.81% Senior Secured Fixed Rate Notes, Series 25-A2, due October 3, 2055 (the "Series 25-A2 Notes") and (ii) $400 million aggregate principal amount of 4.11% Senior Secured Fixed Rate Notes, Series 25-A3, due October 3, 2035 (the "Series 25-A3 Notes" and, together with the Series 25-A2 Notes, the "Notes") through its Medium-Term Notes program and pursuant to a base shelf prospectus dated March 28, 2024, in an agency transaction with a syndicate led by BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. The syndicate also includes CIBC World Markets Inc., Scotia Capital Inc., Casgrain & Company Limited, National Bank Financial Inc. and TD Securities Inc. The distribution of the Notes is scheduled to close on October 3, 2025.