Jeremy Wu

Royal Bank of Canada in its $600 million Institutional Preferred Shares Series BW offering

On July 24, 2024, Royal Bank of Canada completed its offering of 600,000 Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares, Series BW (NVCC) (Preferred Shares) to certain institutional investors for gross proceeds of $600 million. The holders of Preferred Shares will be entitled to...

Lead Office: Toronto Date Announced: Jul 24, 2024 Value: $600 million

Royal Bank of Canada in its inaugural US$1 billion Limited Recourse Series 4 Capital Notes offering

On April 24, 2024, Royal Bank of Canada (RBC) completed its inaugural offering of US$1 billion aggregate principal amount of Limited Recourse Capital Notes, Series 4 (Non-Viability Contingent Capital (NVCC)) (LRCNs) in the United States of America and on a private placement basis in...

Lead Office: Toronto Date Announced: Apr 24, 2024 Value: US$1 billion

Trilogy in its take-private of Indigo Books & Music

On April 2, 2024, Indigo Books & Music Inc. announced that, based on the unanimous recommendation of an independent committee of its board of directors, it has entered into an arrangement agreement with Trilogy Investments L.P. and Trilogy Retail Holdings Inc. (personal holding companies of...

Lead Office: Toronto Date Closed: -- Value: -

Manulife Financial Corporation in its largest Canadian Universal Life reinsurance transaction valued at $5.8 billion

On March 25, 2024, Manulife Financial Corporation announced its agreement to reinsure $5.8 billion of reserves of law ROE Canadian Universal Life Block to RGA Life Reinsurance Company of Canada. This represents the largest Universal Life reinsurance transaction within the Canadian insurance...

Lead Office: Toronto Date Announced: Mar 25, 2024 Value: $5.8 billion

Royal Bank of Canada in its $750 million Institutional Preferred Shares Series BU offering.

On January 25, 2024, Royal Bank of Canada completed its offering of 750,000 Non-Cumulative 5-Year Fixed Rate Reset Preferred Shares Series BU (NVCC) (Preferred Shares) to certain institutional investors for gross proceeds of $750 million. The holders of Preferred Shares will be entitled to...

Lead Office: Toronto Date Announced: Jan 25, 2024 Value: $750 million

VAALCO in its US$307 million business combination with TransGlobe

On October 14, 2022, VAALCO Energy completed its previously announced definitive arrangement agreement to acquire TransGlobe Energy in a stock-for-stock strategic business combination transaction valued at US$307 million. The combination of VAALCO and TransGlobe will create a world-class...

Lead Office: Toronto Date Closed: 14 October 2022 Value: US$307 million

Royal Bank of Canada in its $750 million inaugural institutional Preferred Shares Series BT offering

On November 5, 2021, Royal Bank of Canada completed its inaugural institutional preferred share offering valued at $750 million - the first Canadian bank to complete this type of offering. This offering was the next step in RBC’s Tier 1 capital offerings, following its inaugural $1.75...

Lead Office: Toronto Date Closed: January 21, 2022 Value: $750 million

Laurentian Bank in its inaugural LRCN offering

On May 7, 2021, Laurentian Bank of Canada completed its inaugural offering of $125 million aggregate principal amount of 5.30% Limited Recourse Capital Notes (LRCNs). The offering was made through a syndicate of agents co-led by Laurentian Bank Securities and CIBC Capital Markets acting as...

Lead Office: Toronto Date Closed: May 7, 2021 Value: $125 million

RBC in its sale of Eastern Caribbean banking operations

On December 12, 2019, the Royal Bank of Canada (RBC) announced its agreement to sell all banking operations in the Eastern Caribbean to a consortium of indigenous banks within the region. The sale involves the branches of the Royal Bank of Canada in Antigua, Dominica, Montserrat, St. Lucia and St....

Lead Office: Toronto Date Closed: April 1, 2021 Value: -

KingSett Capital in its sale of VersaCold Logistics to TorQuest Partners

On December 16, 2020, TorQuest Partners announced its acquisition of VersaCold Logistics Services from KingSett Capital and Ivanhoe Cambridge along with various significant lease transactions and lease disputes. TorQuest partnered with The Investment Management Corporation of Ontario (IMCO) and...

Lead Office: Toronto Date Closed: December 16, 2020 Value: -