Representative Work Representative Work

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: -- 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: June 30, 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

Emera Inc. in connection with concurrent offerings for $6.2 billion

On June 16, 2016, Canadian energy and services company, Emera Inc., announced the completion of concurrent offerings for $6.2 billion, which included offerings of US$3.25 billion aggregate principal amount of multiple series of Senior Notes, US$1.2 billion 6.75% Hybrid Notes and $500...

Lead Office: Toronto Date Closed: June 16, 2016 Value: $6.2 billion

National Energy Board Recommends Approval of the $6.8-billion Trans Mountain Expansion Project

Osler acted for Kinder Morgan Canada in connection with its application to the National Energy Board expansion of its Trans Mountain Pipeline system from Edmonton, Alberta to Burnaby, British Columbia. The $6.8 billion expansion will approximately triple the capacity of the existing...

Lead Office: Calgary Date Closed: -- Value: -

Osler represents Nordic Trustee ASA for Sterling Resources Norwegian Bond Recapitalization

On May 30, 2016, Sterling Resources Ltd. (“Sterling”) closed a series of recapitalization transactions (the “Recapitalization”) in relation to its wholly-owned subsidiary’s senior secured bonds (the “Bonds”). Pursuant to the Recapitalization, on the...

Lead Office: Calgary Date Closed: May 30, 2016 Value: US$213 million

Manulife in a proposed class action commenced in British Columbia relating to the distribution of mortgage insurance products by Manulife’s wholly-owned subsidiary, Benesure Canada Inc.

Osler represents Manulife in a proposed class action commenced in British Columbia by two representative plaintiffs – Francoise Leonard and Leanne Ranniger. The action relates to the distribution of mortgage insurance products by Manulife’s wholly-owned subsidiary, Benesure...

Lead Office: Toronto Date Closed: -- Value: -