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NOVA Chemicals Corporation in its pricing of a private offering of US$400 million of senior unsecured notes

On November 18, 2024, NOVA Chemical Corporation (NOVA) announced the pricing of a private offering of US$400 million of senior unsecured notes. These notes are structured as 7-year non-call 3 years and an interest rate of 7% per annum. TD Securities (USA) LLC acted as lead bookrunner, and RBC...

Lead Office: Toronto Date Announced: November 18, 2024 Value: US$400 million

Penfund in connection with TorQuest’s acquisition of Mevotech

Osler advised Mevotech LP and its owner Penfund in connection with TorQuest’s acquisition of Mevotech. Mevotech is a North American leader in the engineering and design of driveline, steering, and suspension parts for the auto aftermarket. Penfund is a leading provider of capital to middle...

Lead Office: Toronto Date Announced: July 15, 2024 Value: --

Float in its closing of a $50-million credit facility from Silicon Valley Bank

On February 13, 2024, Float announced that it closed a $50-million credit facility from Silicon Valley Bank. This capital will allow for Float to expand its no-personal-guarantee credit program, Charge Card, which will offer small and medium-sized businesses up to 30 days of interest-free...

Lead Office: Toronto Date Announced: February 13, 2024 Value: $50 million