Capital Markets

CIBC Capital Markets and ATB Securities in Bonterra Energy Corp.’s inaugural $135-million senior secured second lien notes offering CIBC Capital Markets and ATB Securities in Bonterra Energy Corp.’s inaugural $135-million senior secured second lien notes offering

A syndicate of underwriters
Key Contact
Dan Shea

Partner, Corporate, Calgary

Team
Jessica Myers

Partner, Corporate, Calgary

William Heisey

Associate, Corporate, Toronto

Jasleen Sahota

Associate, Corporate, Calgary

Timothy Hughes

Partner, Tax, Toronto

James Chang

Associate, Tax, Toronto

Sameena Sarangi

Partner, Financial Services, Calgary

Renee Sam

Associate, Financial Services, Calgary

On January 28, 2025, Bonterra Energy issued $135 million of 10.50% senior secured second lien notes due 2030. The notes were offered through a syndicate of underwriters led by CIBC Capital Markets and ATB Capital Markets as joint active bookrunners and RBC Capital Markets as joint passive bookrunner, and included Acumen Capital Finance Partners Limited, Haywood Securities, Peters & Co. Limited, Ventum Financial Corp., National Bank Financial Markets, Paradigm Capital Inc. and Raymond James as co-managers.

Bonterra Energy operates as an oil and gas company located in Canada.

Osler, Hoskin & Harcourt LLP advised the syndicate of underwriters with a team consisting of Dan Shea, Jess Myers, William Heisey, and Jasleen Sahota (Corporate), Timothy Hughes and James Chang (Tax), Sameena Sarangi and Renee Sam (Financial Services).

Value
$135 million
Date Closed
January 28, 2025
Lead Office
Toronto
Key Contact
Dan Shea

Partner, Corporate, Calgary

Team
Jessica Myers

Partner, Corporate, Calgary

William Heisey

Associate, Corporate, Toronto

Jasleen Sahota

Associate, Corporate, Calgary

Timothy Hughes

Partner, Tax, Toronto

James Chang

Associate, Tax, Toronto

Sameena Sarangi

Partner, Financial Services, Calgary

Renee Sam

Associate, Financial Services, Calgary