Shawcor Ltd.

The underwriters in a $173 million equity offering by Shawcor Ltd.

Client

The Underwriters

Value

$173 million

Service

Corporate Finance and Securities

Date Closed

December 2016

Lead Office

Toronto


 

On December 23, 2016, Shawcor Ltd. (“Shawcor”) completed a bought deal offering of 5,261,250 common shares of Shawcor, including 686,250 common shares pursuant to the full exercise of the over-allotment option, at a price of $32.80 per common share (the “Offering”) for aggregate gross proceeds of approximately $173 million. The Offering was underwritten by a syndicate led by TD Securities Inc. and included National Bank Financial Inc., Scotiabank, AltaCorp Capital Inc., Cormark Securities Inc., BMO Capital Markets, HSBC Securities (Canada) Inc., Industrial Alliance Securities Inc., J.P. Morgan Securities Canada Inc. and RBC Capital Markets.

Osler represented the underwriters with a team led by Doug Bryce and included Tara Law and Rebecca Wainstein (securities).


Team
Douglas  Bryce
Key Contact

Douglas Bryce

Partner, Corporate

Tara  Law

Tara Law

Counsel, Corporate

Rebecca Wainstein

Rebecca Wainstein

Associate, Corporate