Representative Work Representative Work

The Toronto-Dominion Bank in the sale of its indirect home improvement financing assets to Financeit and Concentra

On September 15, 2016, Financeit announced the acquisition of TD Bank’s indirect home improvement financing assets by Financeit, a leading cloud-based point-of-sale financing platform, and Concentra, a leading wholesale finance and trust solutions provider for Canada’s...

Lead Office: Toronto Date Closed: August 31, 2016 Value: $339 million

SmartREIT in its $350 million issue of series O and series P senior unsecured Debentures

On August 30, 2016, Smart Real Estate Investment Trust ("SmartREIT") completed a $350 million aggregate principal amount issue of senior unsecured debentures. The issue included (i) $100 million principal amount of Series O senior unsecured debentures that carry an annual coupon...

Lead Office: Toronto Date Closed: August 30, 2016 Value: $350 million

Canalyst in connection with its $2.7 million seed financing

On August 29, 2016, Canalyst announced the closing of its oversubscribed $2.7 million seed financing led by Vanedge Capital. Canalyst will use the funding to expand its coverage universe and platform capabilities. Canalyst, headquartered in Vancouver, British Columbia, is a fast-growing...

Lead Office: Vancouver Date Closed: August 29, 2016 Value: $2.7 million

The Independent Committee of the Board of Husky Energy Inc. in the disposition of an interest in midstream assets for $1.7 billion

On July 18, 2016, Husky Energy Inc. completed an agreement under which 65 percent of its ownership interest in select midstream assets in the Lloydminster region of Alberta and Saskatchewan were sold to Cheung Kong Infrastructure Holdings Limited and Power Assets Holdings...

Lead Office: Calgary Date Closed: July 18, 2016 Value: $1.7 billion

Syndicate of underwriters co-led by National Bank Financial Inc., Cormark Securities Inc., GMP Securities L.P. and Scotia Capital Inc. in connection with Birchcliff Energy Ltd.’s $690.8 million public offering and concurrent private placement of subscription receipts.

On July 13, 2016, Birchcliff Energy Ltd. ("Birchcliff") closed its previously announced bought-deal financing (the "Offering") through a syndicate of underwriters co-led by National Bank Financial Inc., Cormark Securities Inc., GMP Securities L.P. and Scotia Capital Inc....

Lead Office: Calgary Date Closed: July 13, 2016 Value: $672 million

Emera Inc. in its US$10.4 billion acquisition of TECO Energy Inc. and $1.9 billion Bought Deal Offering of Convertible Debentures

On September 4, 2015, Emera Inc. (“Emera”), a leading Canadian energy and services company, announced its acquisition of TECO Energy, Inc. (“TECO”), a Florida and New Mexico regulated electric and gas utilities holding company for US$6.5 billion. Under the terms of...

Lead Office: Toronto Date Closed: July 1, 2016 Value: US$10.4 billion + $1.9 billion

TC Energy in its agreement to acquire Columbia Pipeline Group for US$13 billion

On March 17, 2016, TC Energy entered into an agreement and plan of merger pursuant to which it will acquire Columbia Pipeline Group, Inc., a Texas-based company that operates an approximate 24,000-kilometre network of interstate natural gas pipelines extending from New York to the Gulf of Mexico,...

Lead Office: Calgary Date Closed: July 1, 2016 Value: US$13 Billion

Ontario Pension Board in the outsourcing of its investment management operations to a $60 billion new investment management entity, the Investment Management Corporation of Ontario (IMCO)

Osler advised OPB on the outsourcing of its investment management to a new statutory investment management entity known as IMCO, which was created by the Government of Ontario in July 2016. The outsourcing involved the negotiation of comprehensive investment management and...

Lead Office: Toronto Date Closed: July 1, 2016 Value: $60 billion

Special Committee of the Board of Directors of Trimac Transportation Ltd. in connection with its privatization

Osler is acting as counsel, for the Special Committee of the Board of Directors of Trimac Transportation Ltd. (“Trimac”), a Calgary-based transport company, in connection with the privatization of the company by its controlling shareholders. Under the proposed transaction, all...

Lead Office: Calgary Date Closed: 30 June 2016 Value: $60.6 million

CPPIB in connection with the $975 million funding for an asset purchase by Teine Energy Ltd.

Osler acted for CPPIB in the funding of its majority-owned portfolio company Teine Energy Ltd., which acquired $975 million of light oil and heavy oil assets in South Western Saskatchewan. Osler represented CPPIB with a team that included Neal Ross, Janice Buckingham, Lorne Carson,...

Lead Office: Calgary Date Closed: June 24, 2016 Value: $975 million