Stella-Jones Inc.

The Underwriters in connection with Stella-Jones Inc.’s secondary public offering and private placement by Stella Jones International S.A.

Client

TD Securities Inc.

Value

$876.5 million

Service

Corporate Finance and Securities

Date Closed

August 2018

Lead Office

Toronto


On August 14, 2018,  Stella-Jones Inc ("Stella-Jones") announced that Stella Jones International S.A. ("SJ International") has completed its previously announced secondary public offering pursuant to which SJ International sold, on a bought deal basis, to a syndicate of underwriters, led by TD Securities Inc., as sole bookrunner, 8,445,911 common shares of the Company at a price of $40.63 per common share (the "Public Offering"), as well as its previously announced private placement pursuant to which SJ International sold to British Columbia Investment Management Corporation (BCI), the Caisse de dépôt et placement du Québec, the Fonds de solidarité FTQ, GPI Capital, OMERS, the defined benefit pension plan for Ontario's municipal employees, and the Company's President and Chief Executive Officer, Brian McManus, an aggregate of 13,126,925 common shares of the Company at a price of $40.63 per common share (the "Private Placement").

TD Securities Inc. acted as sole bookrunner and sole agent on the Private Placement. Stella-Jones did not receive any proceeds from the Public Offering or the Private Placement.

Stella-Jones Inc. is a leading producer and marketer of pressure treated wood products. The Company supplies North America's railroad operators with railway ties and timbers, and the continent's electrical utilities and telecommunication companies with utility poles. Stella-Jones also manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products for construction and marine applications.

Osler, Hoskin & Harcourt LLP represented the underwriters, with a team consisting of Desmond Lee, Rosalind Hunter, Jason Comerford and Blake Binions (Corporate).


Team
Desmond Lee

Desmond Lee

Partner, Corporate

Rosalind  Hunter

Rosalind Hunter

Partner, Corporate

Jason  Comerford

Jason Comerford

Partner, Corporate

Blake Binions

Blake Binions

Associate, Corporate