Great Canadian Gaming

The Syndicate of Underwriters in Great Canadian Gaming’s $189 million offering of senior unsecured debentures

Client

The Syndicate of Underwriters

Value

$189 million

Service

Capital Markets

Date Closed

March 2020

Lead Office

Vancouver

 

On March 2, 2020, Great Canadian Gaming completed its offering of $189 million aggregate principal amount of 5.25% senior unsecured debentures maturing December 2026. The net proceeds from the offering will be used for general corporate purposes. CIBC World Markets Inc. and Scotia Capital Inc. co-led the offering with a syndicate that included BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., National Bank Financial Inc., TD Securities Inc., Raymond James Ltd., Canaccord Genuity Corp., Industrial Alliance Securities Inc., Cormark Securities Inc. and HSBC Securities (Canada) Inc.

Great Canadian Gaming operates 25 gaming, entertainment and hospitality facilities in Ontario, British Columbia, New Brunswick, and Nova Scotia.

Osler, Hoskin & Harcourt LLP advised the syndicate of underwriters with a team consisting of Trevor Scott, Desmond Lee, Mike Cremers (Corporate), Tim Hughes and Kaleigh Hawkins-Schulz (Taxation).