Syndicate of underwriters co-led by TD Securities Inc. and RBC Dominion Securities Inc.

The Underwriters in the $1.75 billion initial public offering of Kinder Morgan Canada Limited

Client

Syndicate of underwriters co-led by TD Securities Inc. and RBC Dominion Securities Inc.

Value

$1.75 billion

Service

Capital Markets

Date Closed

May 2017

Industry

Energy (Oil & Gas)

Lead Office

Calgary


On May 30, 2017, Kinder Morgan Canada Limited (“KML”) closed its initial public offering (the “Offering”).  TD Securities Inc. and RBC Dominion Securities Inc. acted as joint bookrunners for the Offering.  The other members of the syndicate included CIBC World Markets Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., Barclays Capital Canada Inc., Credit Suisse Securities (Canada), Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities Canada Inc., Merrill Lynch Canada Inc., Mizuho Securities USA LLC, MUFG Securities (Canada), Ltd. and Société Générale Capital Canada Inc. (collectively with TD Securities Inc. and RBC Dominion Securities Inc., the “Underwriters”).  KML issued 102,942,000 restricted voting shares (“Restricted Voting Shares”) at a price of $17.00 per Restricted Voting Share for gross proceeds of $1.75 billion.

Osler, Hoskin & Harcourt LLP represented the Underwriters with a team led by Frank Turner which included Edward Tapuska, Desmond Lee, Jason Comerford, Sander Duncanson, Daniel Zuniga and Lily Liu. (Corporate Finance and Securities).


Team
Frank  Turner
Key Contact

Frank Turner

Partner, Corporate

Desmond Lee

Desmond Lee

Partner, Corporate

Jason  Comerford

Jason Comerford

Partner, Corporate

Sander Duncanson

Sander Duncanson

Partner, Regulatory, Environmental, Aboriginal and Land