Tax Tax

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

Chartwell in the establishment of its $250-million at-the-market equity distribution program

On November 14, 2024, Chartwell Retirement Residences filed a prospectus supplement to establish an at-the-market equity distribution program (the ATM program). The ATM program allows Chartwell to issue trust units up to an aggregate sale price of $250 million from treasury to the public from time...

Lead Office: Toronto Date Announced: November 14, 2024 Value: $250 million

Tenaz Energy Corp. in its inaugural $140-million senior unsecured notes offering

On November 12, 2024, Tenaz Energy announced the closing of its inaugural offering of $140 million of 12.00% senior unsecured notes due 2029. This offering's sole bookrunner and placement agent is National Bank Financial Markets. Tenaz Energy operates as an oil and gas company located in...

Lead Office: Toronto Date Announced: November 12, 2024 Value: $140 million

Spire Global in its agreement to sell its maritime business for approximately US$241 million

On November 13, 2024, Spire Global announced its agreement to sell its maritime business for approximately US$241 million to Kpler. Spire Global intends to use the proceeds of the sale to retire all outstanding debt and invest in near-term growth opportunities. The transaction consists of a...

Lead Office: Toronto Date Announced: November 12, 2024 Value: US$241 million

Neo Financial Technologies in its raising of $362 million in Series D financing

On November 11, 2024, Neo Financial Technologies announced its raising of $362 million in a Series D financing round. This financing is composed of $112 million of equity and $250 million in debt. The company plans on utilizing the funding towards expanding its offerings to Canadians. The...

Lead Office: Toronto Date Announced: November 11, 2024 Value: $362 million

Aviation Starlink Inc. and its affiliates in the acquisition of certain assets of affiliates of Chrono Aviation Inc., and related equity investment and debt financing

On November 8, 2024, Aviation Starlink Inc. and its affiliates closed the acquisition of certain assets of Services Aériens Lux Inc. and other affiliates of Chrono Aviation Inc. and, in connection with the acquisition, closed related equity investments and debt financing of the Chrono Group. The...

Lead Office: Montreal Date Closed: November 8, 2024 Value: --

Chartwell in its $150-million debentures offering

On October 28, 2024, Chartwell Retirement Residences (Chartwell) closed its previously announced issuance of $150 million of 4.400% Series D senior unsecured debentures. The offering was completed on an agency basis through a syndicate of investment dealers led by TD Securities, BMO Capital...

Lead Office: Toronto Date Closed: October 28, 2024 Value: $150 million

BC Partners in connection with the sale of a majority of its equity interest in Garda World Security Corporation

Osler advised BC Partners in connection with the sale a majority of its equity interest in Garda World Security Corporation in a transaction which values GardaWorld at $14 billion. Following the closing of this transaction, Stephan Crétier, collectively with select members of...

Lead Office: Montreal Date Closed: March 5, 2025 Value: $14 billion

General Motors Corporation in its joint venture with Lithium Americas Corp.

On October 16, 2024, General Motors Corporation announced its joint venture with Lithium Americas Corp. for the purposes of developing the Thacker Pass project whereby GM is investing US$625 million for a 38% asset level ownership interest in Thacker Pass. As part of the transaction, GM has also...

Lead Office: Vancouver Date Announced: October 16, 2024 Value: US$625 million

Cygnus Metals in its business combination agreement with Doré Copper Mining Corp. for $24 million

On October 15, 2024, Cygnus Metals announced its business combination agreement with Doré Copper Mining Corp. for a total value of $24 million.  This merger will offer the funding, expertise and strategy for superior shareholder returns through the brownfields exploration and operations in...

Lead Office: Vancouver Date Announced: October 15, 2024 Value: $24 million