Transportation and Logistics Transportation and Logistics

Toronto Transit Commission in connection with the Toronto-York Spadina Subway Extension

Osler is representing the Toronto Transit Commission (TTC) in multiple litigation claims involving construction and design of the Toronto-York Spadina Subway Extension Project.  The Toronto-York Spadina Subway Extension provides a critical extension for the existing Toronto Transit...

Lead Office: Toronto Date Closed: -- Value: $368 million

Swyft in its US$17.5 million Series A financing

On April 7, 2021, Swyft, a Toronto-based rapid logistics company, announced it had completed a US$17.5 million Series A financing co-led by Inovia and Forerunner Ventures, with participation from Shopify. Proceeds from the financing will be put towards further expansion into Canada and the...

Lead Office: Toronto Date Closed: April 7, 2021 Value: US$17.5 million

Chorus Aviation in its $115 million bought deal offering and $30 million concurrent private placement

On April 6, 2021, Chorus Aviation completed a $115 million bought deal public offering and concurrent $30 million private placement consisting of common shares, warrants and convertible debentures. The net proceeds of these transactions will be used in part to position Chorus to pursue growth...

Lead Office: Toronto Date Closed: April 6, 2021 Value: $145 million

Enterprise Holdings Inc. in its Canadian subsidiary's acquisition of Discount Car and Truck Rentals

On December 5, 2019, Enterprise Holdings Inc. announced the signing of an agreement to which its Canadian subsidiary will acquire Discount Car and Truck Rentals. The transaction will generate growth by combining complementary service offerings and expertise to offer a broader range of...

Lead Office: Toronto Date Closed: September 2, 2020 Value: -

A syndicate of international banks in the $2.8 billion Millennium Broadway Extension

On September 1, 2020, ACCIONA-Ghella consortium reached financial close to design and build the Millennium Line Broadway Extension. The $2.8 billion project was financed by a syndicate of international banks providing senior debt financing and hedging facilities for the Design Build and Financing...

Lead Office: Toronto Date Closed: September 1, 2020 Value: $2.8 billion

Attabotics in its US$50 million Series C financing round

On August 18, 2020, Attabotics completed its US$50 million Series C financing round led by Ontario Teachers’ Pension Plan Board. The funding will be used to accelerate Attabotics’ commercial deployment, invest in new technologies and scale manufacturing operations. Attabotics’ supply chain...

Lead Office: Toronto Date Closed: August 18, 2020 Value: US$50 million

Greater Toronto Airports Authority in its successful 2020 $6.9 billion bondholder consent solicitation

On July 23, 2020, the Greater Toronto Airports Authority (GTAA) successfully completed its $6.9 bondholder consent solicitation. The solicitation saw 94.55% of bondholders support an amendment to the Indenture governing the GTAA’s capital markets and bank indebtedness which...

Lead Office: Toronto Date Closed: July 23, 2020 Value: $6.9 billion

The syndicate of agents in Canadian Pacific Railway’s $300-million Canadian offering

On March 9, 2020, Canadian Pacific Railway Company completed a $300-million public offering of 3.05% unsecured unsubordinated notes due 2050. The offering was completed through a syndicate of agents led by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc. and Scotia...

Lead Office: Calgary Date Closed: March 9, 2020 Value: $300 million

The Underwriters in Canadian Pacific Railway’s US$500-million offering

On March 5, 2020, Canadian Pacific Railway completed its US$500-million public debt offering in the U.S. The proceeds from the 2.050% notes due 2030 will be used primarily for the reduction and refinancing of outstanding indebtedness and for general corporate purposes. Barclays Capital Inc.,...

Lead Office: Calgary Date Closed: March 5, 2020 Value: US$500 million

Chorus Aviation in its $75 million bought deal offering of 5.75% Senior Unsecured Debentures

On December 6, 2019, Chorus Aviation Inc. announced the closing of its $75 million bought deal offering led by CIBC Capital Markets and RBC Capital Markets. The funding will be used to finance the growth of Chorus Aviation Capital, Chorus Aviation Inc.’s aircraft leasing business. The...

Lead Office: Toronto Date Closed: December 6, 2019 Value: $75 million