Tax Advisory Services

SmartREIT in its $350 million issue of series O and series P senior unsecured Debentures

On August 30, 2016, Smart Real Estate Investment Trust ("SmartREIT") completed a $350 million aggregate principal amount issue of senior unsecured debentures. The issue included (i) $100 million principal amount of Series O senior unsecured debentures that carry an annual coupon...

Lead Office: Toronto Date Closed: August 30, 2016 Value: $350 million

Emera Inc. in connection with concurrent offerings for $6.2 billion

On June 16, 2016, Canadian energy and services company, Emera Inc., announced the completion of concurrent offerings for $6.2 billion, which included offerings of US$3.25 billion aggregate principal amount of multiple series of Senior Notes, US$1.2 billion 6.75% Hybrid Notes and $500...

Lead Office: Toronto Date Closed: June 16, 2016 Value: $6.2 billion

Hydro One Limited in its $1.97 billion secondary offering of common shares

On April 14, 2016, Hydro One Limited completed a secondary offering of 72,434,800 of its common shares (“Common Shares”) by the Province of Ontario at a price of $23.65 per Common Share. An additional 10,865,200 Common Shares were sold on April 29, 2016 upon exercise of the...

Lead Office: Toronto Date Closed: April 14, 2016 Value: $1.97 billion

The placement agent in a $100 million private placement by Real Matters Inc.

On April 1, 2016, Real Matters Inc., a leading real estate technology platform, completed a $100 million private placement of common shares. The financing was completed at a valuation of $653 million, and proceeds will be used to bring the company’s proprietary software and field...

Lead Office: Toronto Date Closed: April 1, 2016 Value: $100 million

Hydro One Limited in its $1.83 billion Initial Public Offering

On November 5, 2015, Hydro One Limited, the largest electricity transmission and distribution company in Ontario, announced the closing of its initial public offering by way of secondary sale pursuant to which the Province of Ontario offered 81,100,000 common shares at $20.50 per share for total...

Lead Office: Toronto Date Closed: November 5, 2015 Value: $1.83 Billion

Innova Gaming Group Inc. in its Initial Public Offering and Listing on the TSX

On May 5, 2015, Innova Gaming Group Inc. completed its initial public offering of its common shares in Canada which consisted of the issuance and sale by Innova of 3,750,000 shares for aggregate gross proceeds to Innova of approximately CDN$15 million and the sale by Amaya Inc. of 8,520,000 shares...

Lead Office: Montreal Date Closed: May 5, 2015 Value: $50 million

BCE Inc. in its ground breaking pension de-risking strategy

On March 3, 2015, Sun Life Financial Inc. and BCE Inc. announced a new agreement that further advances BCE’s pension de-risking strategy by transferring longevity risk for C$5 billion of pension plan liabilities to Sun Life Assurance Company of Canada. Under the new longevity insurance...

Lead Office: Toronto Date Closed: March 3, 2015 Value: $5 billion

Ventas Canada Financial Limited in its private placement of $650 million of senior unsecured notes

On September 17, 2014, Ventas Canada Finance Limited, a wholly owned subsidiary of Ventas, Inc., announced a private placement of 3% senior notes, series A for gross proceeds of $400 million and 4.125% senior notes, series B for gross proceeds of $250 million. At the time of the...

Lead Office: Toronto Date Closed: September 17, 2014 Value: $650 million