Bio-Jolicoeur_Francois Bio-Jolicoeur_Francois

National Energy Board Recommends Approval of the $6.8-billion Trans Mountain Expansion Project

Osler acted for Kinder Morgan Canada in connection with its application to the National Energy Board expansion of its Trans Mountain Pipeline system from Edmonton, Alberta to Burnaby, British Columbia. The $6.8 billion expansion will approximately triple the capacity of the existing...

Lead Office: Calgary Date Closed: -- Value: -

Osler represents Nordic Trustee ASA for Sterling Resources Norwegian Bond Recapitalization

On May 30, 2016, Sterling Resources Ltd. (“Sterling”) closed a series of recapitalization transactions (the “Recapitalization”) in relation to its wholly-owned subsidiary’s senior secured bonds (the “Bonds”). Pursuant to the Recapitalization, on the...

Lead Office: Calgary Date Closed: May 30, 2016 Value: US$213 million

Manulife in a proposed class action commenced in British Columbia relating to the distribution of mortgage insurance products by Manulife’s wholly-owned subsidiary, Benesure Canada Inc.

Osler represents Manulife in a proposed class action commenced in British Columbia by two representative plaintiffs – Francoise Leonard and Leanne Ranniger. The action relates to the distribution of mortgage insurance products by Manulife’s wholly-owned subsidiary, Benesure...

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

American Capital Ltd. and its Canadian Portfolio Company in its Sale of Service Experts

On May 11, 2016, American Capital, Ltd. (“American Capital”) announced that its portfolio company SEHAC Holdings Corporation and subsidiaries (“Service Experts” or the “Company”) merged with a subsidiary of Enercare Solutions Inc., a wholly-owned...

Lead Office: Toronto Date Closed: May 11, 2016 Value: US$340 million

Target in connection with the wind-down of its Canadian operations under the Companies’ Creditors Arrangement Act

In November 2014, discount retailer, Target Canada Co. announced the orderly wind-down of its Canadian operations pursuant to proceedings under the Companies’ Creditors Arrangement Act. The wind-down included the closure of 133 retail stores across the country and the sale of its real estate...

Lead Office: Toronto Date Closed: -- Value: Over $850 million

Resson in connection with its US$11 million Series B Financing

On May 4, 2016, Resson Aerospace Corporation ("Resson") completed a US$11 million Series B financing round. The New Brunswick, Canada-based Resson helps large and small agriculture companies and agricultural service providers boost productivity and profits with near...

Lead Office: Toronto Date Closed: May 4, 2016 Value: US$11 million

iCON Infrastructure in its agreement to acquire Capstone Infrastructure for $480 million

On January 20, 2016, Irving Infrastructure Corp., a subsidiary of iCON Infrastructure Partners III, L.P., a fund advised by UK-based iCON Infrastructure LLP, entered into a definitive arrangement agreement with Capstone Infrastructure Corporation. iCON Infrastructure is an independent investment...

Lead Office: Toronto Date Closed: April 29, 2016 Value: $480 million

Mitel in its proposed $1.96 billion acquisition of Polycom

On April 15, 2016, Mitel Networks Corporation and Polycom entered into a definitive merger agreement in which Mitel will acquire all of the outstanding shares of Polycom common stock in a cash and stock transaction valued at approximately $1.96 billion. Mitel intends to finance the cash...

Lead Office: Toronto Date Closed: -- Value: $1.96 billion

Dalcor Pharma in its $150 million of Series A and B preferred share financings.

On April 19, 2016, DalCor Pharma UK Ltd. (“DalCor”) announced that it successfully completed a USD$150 million venture financing in order to conduct a 5,000 patient trial of dalcetrapib, a cholesterol drug. DalcCor closed its USD$100 million Series B round this week after...

Lead Office: Montreal Date Closed: April 19, 2016 Value: USD$150 million

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