Jan. 26, 2024 - Important guidance on “acting jointly or in concert” in a proxy contest was provided by the British Columbia Securities Commission (Commission) in NorthWest Copper Corp. (December 22, 2023). The Commission declined to find a joint actor relationship between a dissident and another...
Announcement
Davies Acts for Leading Financial Institutions on the Air Canada Refinancing
Davies acted for a group of leading financial institutions in connection with the $1.25-billion refinancing of Air Canada. The group included TD Securities Inc., as representative of the initial purchasers of $200 million of Air Canada’s 4.75% senior secured notes due 2023, and JPMorgan Chase Bank, N.A., as administrative agent and lender under a new US$1.1-billion senior secured credit facility.
The Davies team that worked on this transaction included Richard Cherney, Alain Roberge, Brian Kujavsky, Dan Wolfensohn, Christine Lenis, Mylène Nadeau, Sylvie Samson and Shayna Goldman, in Davies’ Montréal office; and Gabriella Lombardi, Ioana Hancas and Jennifer Prieto in the firm’s Toronto office.
Related
Dec. 15, 2023 - In a positive development since our earlier bulletin, the U.S. House and Senate have decided to retain the exemptions from obligations imposed under section 16 of the Securities Exchange Act of 1934 that are relied upon by insiders of dual-listed Canadian public companies and other...
