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

The underwriters in the $300 million public offering of preferred shares of Kinder Morgan Canada Limited

Client

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

Value

$300 million

Service

Corporate Finance and Securities

Date Closed

August 2017

Industry

Energy (Oil & Gas)

Lead Office

Calgary


 

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).


Team
Frank  Turner
Key Contact

Frank Turner

Partner, Corporate

Edward Tapuska

Edward Tapuska

Partner, Corporate

Jack  Silverson

Jack Silverson

Partner, Taxation

Timothy  Hughes

Timothy Hughes

Partner, Taxation

Sander Duncanson

Sander Duncanson

Associate, Regulatory, Environmental, Aboriginal and Land

Daniel A. Zuniga

Daniel A. Zuniga

Associate, Corporate

Lily Wen Liu

Lily Wen Liu

Associate, Corporate