Kinder Morgan Canada Limited

Syndicate of underwriters co-led by CIBC World Markets Inc., Scotia Capital Inc., RBC Dominion Securities Inc. and TD Securities Inc. in connection with the $250 million public offering

Client

Syndicate of underwriters co-led by CIBC World Markets Inc., Scotia Capital Inc., RBC Dominion Securities Inc. and TD Securities Inc.

Value

$250 million

Service

Capital Markets

Date Closed

December 2017

Lead Office

Calgary


 

On December 15, 2017, Kinder Morgan Canada Limited (“KML”) closed its public offering (the “Offering”) of cumulative redeemable minimum rate reset preferred shares, series 3 (“Series 3 Preferred Shares”). The Offering was co-led by CIBC World Markets Inc. and Scotia Capital Inc. KML issued 10,000,000 Series 3 Preferred Shares at a price of $25.00 per Series 3 Preferred Share for gross proceeds of $250 million.

Osler, Hoskin & Harcourt LLP represented the underwriters with a team consisting of Frank Turner, Edward Tapuska (Corporate), Richard King (Regulatory), Richard Borins (Financial Services), Richard Wong (Commercial), Daniel Zuniga, Lily Liu (Corporate), and Evan Barz (Litigation).


Team
Frank  Turner

Frank Turner

Partner, Corporate

Richard J. King

Richard J. King

Partner, Regulatory, Environmental, Aboriginal and Land

Richard M. Borins

Richard M. Borins

Partner, Financial Services

Richard Wong - Energy, Construction, Infrastructure

Richard Wong

Partner, Commercial

Evan Barz

Evan Barz

Associate, Litigation