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TORONTO, April 2, 2024 /CNW/ - 407 International Inc. (the "Company") announced today that it has agreed to issue $250 million aggregate principal amount of 4.89% Senior Secured Fixed Rate Notes, Series 24-A1, due April 4, 2054 (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 RBC Dominion Securities Inc. and BMO Nesbitt Burns 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 April 4, 2024.