Gelpac Inc. and Namakor Holdings
Acted for Namakor Holdings and its portfolio company Gelpac Inc., a Canadian leader of high-performance packaging solutions, in the strategic acquisition of WBC Extrusion Products, Inc., a U.S. specialty manufacturer of single-use blown polymer films.
BofA Securities, Inc., Barclays, J.P. Morgan and TD Securities
Acted as Canadian counsel to the syndicate of initial purchasers led by BofA Securities, Inc., Barclays, J.P. Morgan and TD Securities in an offering of US$779 million of 9.50% senior notes due 2027 of Garda World Security Corporation and to the solicitation agents in respect of the offer to purchase and consent to solicitation in respect of Garda World's US$625 million 8.75% senior notes due 2025.
TD Securities Inc.
Acted for TD Securities Inc. and a syndicate of underwriters in a $800-million offering of Videotron Ltd.'s 4.5% senior notes due 2030.
BMO Nesbitt Burns Inc.
Acted as counsel to BMO Nesbitt Burns Inc. in its delivery of an independent fairness opinion to the board of Transat A.T. Inc. in respect of its acquisition by Air Canada.
BELLUS Health Inc.
Acted as counsel to BELLUS Health Inc. in its US$70-million initial public offering in the United States.
Cominar Real Estate Investment Trust
Acted for Cominar Real Estate Investment Trust in the public offering of its 4.5% Series 11 senior unsecured debentures due May 15, 2024, for the principal amount of $200 million.
Caisse de dépôt et placement du Québec
Acted for Caisse de dépôt et placement du Québec (Caisse) and CDP Financial Inc. in CDP Financial's establishment and launch of a US$20-billion senior notes program guaranteed by Caisse, including an initial offering by CDP Financial of US$2 billion in senior notes under the program.
Bellus Health Inc.
Acted for Bellus Health Inc. in the filing of a base shelf prospectus.
BELLUS Health Inc.
Acted for BELLUS Health Inc. in its $35-million overnight marketed offering of common shares to support the development of its lead drug candidate BLU-5937 for chronic cough.
Caisse de dépôt et placement du Québec
Acted for Caisse de dépôt et placement du Québec in the purchase of a block of shares of Stella-Jones Inc. from Stella Jones International S.A. for approximately $182 million pursuant to a private placement.
Rogers Sugar Inc.
Acted for Rogers Sugar Inc. in connection with the issuance, on a bought deal basis, of $97,750,000 aggregate principal amount of convertible unsecured subordinated debentures.
BELLUS Health Inc.
Acted for BELLUS Health Inc. in its $20-million overnight marketed offering of common shares.
BNP Paribas S.A.
Acted for BNP Paribas S.A. in connection with an investment by the Caisse de dépôt et placement du Québec in Innocap Investment Management Inc.
BMO Nesbitt Burns Inc.
Acted for a syndicate of agents co-led by BMO Nesbitt Burns Inc., National Bank Financial Inc. and CIBC World Markets Inc. on the following private placement by Metro Inc. to partially finance its acquisition of The Jean-Coutu Group (PJC) Inc.: $1.2 billion aggregate principal amount of 2.68% Series F senior unsecured notes due December 5, 2022; 3.39% Series G senior unsecured notes due December 6, 2027; and 4.27% Series H senior unsecured notes due December 4, 2047.
Rogers Sugar Inc.
Acted for Rogers Sugar Inc. in the $40-million acquisition by its subsidiary L.B. Maple Treat Corporation of Decacer, a major bottler and distributor of branded and private label maple syrup and maple sugar, based in Dégelis, Québec.
BMO Nesbitt Burns Inc.
Acted for the Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank of Canada, which together have committed bank facilities of $3.4 billion to finance the cash portion of Metro Inc.'s $4.5 billion acquisition of The Jean Coutu Group Inc.
Rogers Sugar Inc.
Acted for Rogers Sugar Inc. in connection with the $160.3 million acquisition of L.B. Maple Treat Corporation; and the issuance of $69.2 million subscription receipts on a bought deal basis, and $57.5 million of extendible convertible unsecured subordinated debentures.
IOU Financial Inc.
Acted for IOU Financial Inc. in connection with a private placement financing, with a brokered and a non-brokered portion, of approximately $3.5-million in common shares of the company.
BELLUS Health Inc.
Acted for BELLUS Health Inc. in connection with the sale of its wholly owned subsidiary, Thallion Pharmaceuticals Inc., to Taro Pharmaceuticals Inc., including all the rights to the drug candidate ShigamabT.
Bank of America Merrill Lynch
Acted for Bank of America Merrill Lynch in Videotron Ltd.'s high-yield offering of US$600-million aggregate principal amount of 5 1/8% senior notes due 2027.
BELLUS Health Inc.
Acted for BELLUS Health Inc. in connection with the exclusive worldwide licence agreement with The Neomed Institute to develop and commercialize BLU-5937 for the treatment of chronic cough.
BMO Nesbitt Burns Inc.
Acted for a syndicate of agents co-led by BMO Nesbitt Burns Inc., National Bank Financial Inc. and TD Securities Inc. in connection with a $400-million offering of Series E floating rate senior unsecured notes due February 27, 2020 by Metro Inc.
IOU Financial Inc.
Acted for IOU Financial Inc. in connection with its $2.3-million non-brokered private placement of common shares.
Cominar Real Estate Investment Trust
Acted for Cominar Real Estate Investment Trust in connection with its $200-million offering of trust units on a bought deal basis.
Caisse de dépôt et placement du Québec
Acted for the Caisse de dépôt et placement du Québec in connection with its initial $25-million investment in LASIK MD, Canada's largest vision correction leader, to help finance the acquisition of a minority interest in Vision Group Holdings, an American leader in vision correction, as well as its undertaking to provide for additional investments to finance future acquisitions.
Export-Import Bank of China
Acting for the Export-Import Bank of China in connection with the financing of the acquisition of Alter NRG Corp. by Harvest International New Energy, Co., Ltd.
Cominar Real Estate Investment Trust
Acted for Cominar Real Estate Investment Trust in connection with its offering of 4.247% Series 10 Senior Unsecured Debentures due May 23, 2023 in the principal amount of $225 million.
La Coop fédérée
Acted for La Coop fédérée in connection with the combination of its Sonic division with Groupe Filgo for the purpose of merging their energy products distribution activities and their service stations operations.
IOU Financial Inc.
Acted for IOU Financial Inc. in connection with the issuance by way of private placement of $10.5 million of 10% convertible unsecured subordinated debentures due December 31, 2020.
Cominar Real Estate Investment Trust
Acted for Cominar Real Estate Investment Trust in connection with a public offering of its 4.164% Series 9 senior unsecured debentures due June 1, 2022 in the principal amount of $300 million.
RBC Dominion Securities Inc.
Acted for RBC Dominion Securities Inc. and a syndicate of underwriters on Videotron Ltd.'s $375-million aggregate issuance of 5.75% senior notes due January 15, 2026.
IOU Financial Inc.
Acted for IOU Financial Inc. in connection with its successful response to Qwave Capital LLC's unsolicited partial takeover bid, including in injunctive proceedings asserting a breach by Qwave of a confidentiality agreement.
Cominar Real Estate Investment Trust
Acted for Cominar Real Estate Investment Trust in connection with its public offering of 7,901,650 trust units at a price of $19.65 per unit to a syndicate of underwriters led by National Bank Financial Inc. and BMO Capital Markets for total net proceeds of approximately $148.8 million.
National Bank Financial Inc.
Acted for National Bank Financial Inc. and a syndicate of agents on a $600 million aggregate private placement by Metro Inc. of 3.20% Series C Senior Unsecured Notes due December 1, 2021 and 5.03% Series D Senior Unsecured Notes due December 1, 2044.
Cominar Real Estate Investment Trust
Acted for Cominar Real Estate Investment Trust in connection with the $1.527-billion acquisition of a portfolio of 11 shopping centres, three office properties and one industrial property from Ivanhoé Cambridge, the real estate subsidiary of the Caisse de dépôt et placement du Québec. The firm also represented Cominar in financing the acquisition, through the issuance of $250 million of trust units to Ivanhoé Cambridge by way of private placement, the issuance of $250 million of trust units to the public by way of a bought deal, the establishment of new unsecured bridge facilities of up to $850 million, a $100-million unsecured credit facility, and mortgage financings of $250 million.
Caisse de dépôt et placement du Québec
Acted for CDP Financial Inc., a wholly owned subsidiary of La Caisse de dépôt et placement du Québec, in connection with an offering of US$2 billion of senior notes in the United States and Canada.
Cominar Real Estate Investment Trust
Acted for Cominar Real Estate Investment Trust in connection with the closing of the re-opening of its offering of 4.941% Series 4 senior unsecured debentures due July 27, 2020 in the principal amount of $100 million.
CIBC World Markets Inc. (and a syndicate of underwriters)
Acted for a syndicate of underwriters led by CIBC World Markets Inc. in a $200-million offering by Cogeco Cable of 5.15% senior secured debentures due in 2020.
AM Total Investments (GP)
Acted for AM Total Investments (GP), a general partnership wholly owned by the Dallaire family, which concluded a transaction to monetize one million units of Cominar REIT.
Cominar Real Estate Investment Trust
Acted for Cominar Real Estate Investment Trust in its $115-million public offering, after full exercise of the underwriters' over-allotment option.
Cominar Real Estate Investment Trust
Acted for Cominar Real Estate Investment Trust in its bought deal public offering of $86-million principal amount of convertible unsecured subordinated debentures.
CDP Financial Inc.
Acted for CDP Financial Inc., a wholly owned subsidiary of the Caisse de dépôt et placement du Québec, in connection with an offering of $2 billion of senior notes, comprised of $1 billion of FRN (floating rate note) senior notes due 2015 and $1 billion of senior notes due 2020.
RBC Dominion Securities Inc. and a syndicate of underwriters
Acted for RBC Dominion Securities Inc. and a syndicate of underwriters in a $300-million offering of Videotron Ltd.'s senior notes due 2020.
Cominar Real Estate Investment Trust
Acted for Cominar Real Estate Investment Trust in its takeover bid for Overland Realty Limited in an all-cash deal that valued Overland at $70.9 million.
CDP Financial Inc.
Acted for CDP Financial Inc., a wholly owned subsidiary of the Caisse de dépôt et placement du Québec, in connection with an offering of US$5 billion of senior notes in the United States. This offering was the largest non-government guaranteed offering by any Canadian issuer in US dollars at the time.
Rossy and Assaly families
Acted for the founders of Dollarama Inc. in connection with the corporation's $300 million initial public offering of common shares.
Bulletin
Business Roundtable Issues Expanded “Corporate Purpose” Statement, with Commitment to All Stakeholder Interests
Aug. 27, 2019 - The Business Roundtable, an association of CEOs of major U.S. corporations, recently issued its “Statement on the Purpose of the Corporation. ” The statement underscores the Business Roundtable’s commitment to all stakeholders of corporations, including their customers, employees, suppliers,...
In the News
Sébastien Roy Interviewed by Lexpert about Dealmaking in the Maple Syrup Business
Feb. 13, 2018 - Davies partner Sébastien Roy was recently interviewed for a Lexpert Magazine article about transactions in the maple syrup industry, including Rogers Sugar’s (RSI’s) $160.3-million acquisition of L.B. Maple Treat (LBMT) last August.Sébastien believes it was the right time for RSI and its...
Guide
Multijurisdictional Disclosure System: Offering Securities and Reporting in the United States Using MJDS
Sept. 21, 2015 - The multijurisdictional disclosure system (MJDS) permits eligible Canadian issuers to publicly offer securities in the United States by using a prospectus that is prepared principally in accordance with Canadian disclosure requirements. The MJDS also enables these issuers to substantially...
Bulletin
Let’s Meet Halfway: CSA Adopts Amendments to Streamline Venture Issuers’ Disclosure
Apr. 15, 2015 - On April 9, 2015, the Canadian Securities Administrators (CSA) announced the adoption of amendments to continuous disclosure, governance and prospectus disclosure requirements (the Amendments).1 Most of the Amendments streamline the disclosure requirements for venture issuers and aim to reduce some...
Bulletin
Women on Boards and in Senior Management: Final Disclosure Rules Released
Oct. 15, 2014 - On October 15, 2014, the securities regulatory authorities of Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Québec and Saskatchewan (the participating jurisdictions) announced the final amendments to National Instrument 58-101...
Bulletin
CSA Propose Amendments to Streamline Venture Issuers Disclosure
June 03, 2014 - On May 22, 2014, the Canadian Securities Administrators (the CSA) published for comment proposed amendments to National Instrument 51-102 Continuous Disclosure Obligations (referred to in Québec as Regulation 51-102 respecting Continuous Disclosure Obligations) (collectively, NI...
