On August 15, 2017, Kinder Morgan Canada Limited ("KML") closed its public offering (the "Offering") of cumulative redeemable minimum rate reset preferred shares, series 1 ("Series 1 Preferred Shares"). The Offering was co-led by Scotia Capital Inc., CIBC World Markets Inc., RBC Dominion Securities Inc. and TD Securities Inc. The other members of the syndicate included BMO Nesbitt Burns Inc., National Bank Financial Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc. and AltaCorp Capital Inc. (collectively with Scotia Capital Inc., CIBC World Markets Inc., RBC Dominion Securities Inc. and TD Securities Inc., the "Underwriters"). KML issued 12,000,000 Series 1 Preferred Shares at a price of $25.00 per Series 1 Preferred Share for gross proceeds of $300 million.
Osler, Hoskin & Harcourt LLP represented the Underwriters with a team consisting of Frank Turner, Edward Tapuska, Jack Silverson, Timothy Hughes, Sander Duncanson, Daniel Zuniga and Lily Liu (Corporate Finance and Securities).