Sandra’s practice focuses on capital markets, mergers and acquisitions and general corporate matters. Sandra has extensive experience on equity and debt financings. Sandra regularly represents both issuers and underwriters in domestic and cross-border offerings, including initial public offerings, prospectus offerings and private placements. She frequently represents Canada’s largest investment banks on offerings by senior issuers.
Sandra also advises portfolio managers, dealers and fund managers on Canadian securities regulatory matters. Sandra advises various private equity funds in connection with their formation and investment activities.
Representative Work
- NOVA Chemical Corporation
NOVA Chemicals Corporation in its pricing of a private offering of US$400 million of senior unsecured notes
- NOVA Chemicals Corporation
NOVA Chemicals Corporation in its Offering of US$400 million Senior Secured Notes and its Offering of US$650 million of Senior Unsecured Notes
- Emera Incorporated
Emera Incorporated in its $500 million senior unsecured note financing
- Dream Industrial REIT
Dream Industrial REIT in its $200 million senior unsecured debentures offering
- AltaLink
The Syndicate of Agents in AltaLink’s $275 million notes offering
- Dream Industrial REIT
Dream Industrial REIT in its $250 million green bond offering
- Greater Toronto Airports Authority
Greater Toronto Airports Authority in its $400 million offering
- Emera Incorporated
Emera Incorporated in its $225 million preferred share financing
- The Agents
The Agents in CGI Inc.’s Canadian and U.S. offerings of Notes
- Dream Industrial REIT
Dream Industrial REIT in its $850 million European logistics portfolio acquisition and associated financing
- The Underwriters
The Underwriters in goeasy’s $172.5 million subscription receipt offering in connection with its $320 million proposed acquisition of LendCare
- The Syndicate of Dealers
The Syndicate of Dealers in AltaLink’s $225 million notes offering
- Greater Toronto Airports Authority
Greater Toronto Airports Authority in its successful 2020 $6.9 billion bondholder consent solicitation
- The Board of Trustees of the WSIB Pension Plan Fund
The Board of Trustees of the WSIB Pension Plan Fund in the conversion of WSIB’s defined benefit, single employer pension plan to a jointly sponsored pension plan
- Nova Scotia Power Inc.
Nova Scotia Power Inc. in its $300 million notes offering
- Princeton Holdings Limited
Princeton Holdings Limited in the sale of The Guarantee Company of North America and Frank Cowan Company Limited to Intact Financial Corporation.
- NOVA Chemicals Corporation in its Offering of US$400 million Senior Secured Notes and its Offering of US$650 million of Senior Unsecured Notes
- Emera Incorporated in its $500 million senior unsecured note financing
- Emera Incorporated in its 2021 offerings of $225 million Cumulative Redeemable First Preferred Shares, Series L and $200 million Cumulative Minimum Rate Reset First Preferred Shares, Series J and its 2019 establishment of a $600 million At- the-Market (ATM) Equity Program
- Greater Toronto Airports Authority in its 2021 offering of $400 million 3.15% notes due 2051, in its 2020 offering of $500 million 1.54% notes due 2028 and its 2019 offering of $900 million 2.75% notes due 2039
- Greater Toronto Airports Authority in its successful 2021 and 2020 $6.9 billion bondholder consent solicitations
- The underwriters on the IPO and subsequent secondary offerings of Pet Valu Holdings Limited
- DRI Healthcare Trust in its US$365 million IPO
- AltaLink, L.P. (on behalf of the agents) in its 2022 offering of $275 million 4.692% senior bonds due 2032 and its 2020 offering of $225 million 1.509% senior bonds due 2030
- Dream Impact Trust in its 2022 public offering of $40 million convertible debentures
- Dream Industrial REIT in its $850 million European logistics portfolio acquisition and associated financing
- Dream Industrial REIT in its 2022 $200 million green bond offering, its 2021 $250 million green bond offering and various public offerings of equity
- The agents in CGI Inc.’s Canadian and U.S. offerings of Notes consisting of a private offering of US$1 billion in aggregate principal amount of senior unsecured notes, consisting of US$600 million aggregate principal amount of 5-year notes and US$400 million aggregate principal amount of 10-year notes, and $600 million aggregate principal amount of 7-year senior unsecured notes which bear interest at 2.100% per annum
- The Senior Creditors to Connect 6ix General Partnership in connection with the $9 Billion Ontario Line Rolling Stock, Systems, Operations and Maintenance Project procured by Infrastructure Ontario and Metrolinx. The Senior Creditor Group represented by Osler included: (i) TD Securities Inc. and National Bank Financial Inc., in connection with an underwritten private placement of senior bonds issued by Connect 6ix; (ii) ATB Financial Inc., DZ Bank AG, Korea Development Bank, National Bank of Canada, The Norinchukin Bank and Sumitomo Mitsui Banking Corporation in connection with a revolving credit facility and associated hedging arrangements and (iii) Japan Bank for International Cooperation in connection with a term loan facility
- The underwriters in goeasy’s $172.5 million subscription receipt offering in connection with its $320 million proposed acquisition of LendCare
- The underwriters in ECN Capital Corp.’s public offering of $75 million 6.00% debentures.
- The agents in Granite REIT Holdings Limited Partnership’s public offerings of $500 million 2.194% green bonds, $500 million 2.378% bonds and $500 million 3.062% green bonds
- The agents in Rogers Communications Inc.’s 2020 offering of $1.5 billion 3.65% Senior Notes due 2027, in Rogers Communications Inc.’s 2019 offering of US$1 billion 3.70% Senior Notes due 2049, in Rogers Communications Inc.’s 2019 offering of $1 billion 3.25% Senior Notes due 2029 and in Rogers Communications Inc.’s 2019 offering of US$1.25 billion 4.35% Senior Notes due 2049
- Nova Scotia Power Incorporated in its 2020 offering of $300 million 3.307% notes due 2050 and its 2019 offering of $400 million 3.571% notes due 2049
- The agent in establishing ATM Programs for investment fund issuers including Canoe EIT Income Fund, Financial 15 Split Corp., Dividend 15 Split Corp., North American Financial 15 Split Corp. and Canadian Banc Corp.
- The Board of Trustees of the WSIB Pension Plan Fund in the conversion of WSIB’s defined benefit, single employer pension plan to a jointly sponsored pension plan
- Princeton Holdings Limited in the sale of The Guarantee Company of North America and Frank Cowan Company Limited to Intact Financial Corporation
NOVA Chemicals Corporation in its pricing of a private offering of US$400 million of senior unsecured notes
NOVA Chemicals Corporation in its Offering of US$400 million Senior Secured Notes and its Offering of US$650 million of Senior Unsecured Notes
Emera Incorporated in its $500 million senior unsecured note financing
Dream Industrial REIT in its $200 million senior unsecured debentures offering
The Syndicate of Agents in AltaLink’s $275 million notes offering
- Dream Industrial REIT
Dream Industrial REIT in its $250 million green bond offering
- Greater Toronto Airports Authority
Greater Toronto Airports Authority in its $400 million offering
- Emera Incorporated
Emera Incorporated in its $225 million preferred share financing
- The Agents
The Agents in CGI Inc.’s Canadian and U.S. offerings of Notes
- Dream Industrial REIT
Dream Industrial REIT in its $850 million European logistics portfolio acquisition and associated financing
- The Underwriters
The Underwriters in goeasy’s $172.5 million subscription receipt offering in connection with its $320 million proposed acquisition of LendCare
- The Syndicate of Dealers
The Syndicate of Dealers in AltaLink’s $225 million notes offering
- Greater Toronto Airports Authority
Greater Toronto Airports Authority in its successful 2020 $6.9 billion bondholder consent solicitation
- The Board of Trustees of the WSIB Pension Plan Fund
The Board of Trustees of the WSIB Pension Plan Fund in the conversion of WSIB’s defined benefit, single employer pension plan to a jointly sponsored pension plan
- Nova Scotia Power Inc.
Nova Scotia Power Inc. in its $300 million notes offering
- Princeton Holdings Limited
Princeton Holdings Limited in the sale of The Guarantee Company of North America and Frank Cowan Company Limited to Intact Financial Corporation.
- NOVA Chemicals Corporation in its Offering of US$400 million Senior Secured Notes and its Offering of US$650 million of Senior Unsecured Notes
- Emera Incorporated in its $500 million senior unsecured note financing
- Emera Incorporated in its 2021 offerings of $225 million Cumulative Redeemable First Preferred Shares, Series L and $200 million Cumulative Minimum Rate Reset First Preferred Shares, Series J and its 2019 establishment of a $600 million At- the-Market (ATM) Equity Program
- Greater Toronto Airports Authority in its 2021 offering of $400 million 3.15% notes due 2051, in its 2020 offering of $500 million 1.54% notes due 2028 and its 2019 offering of $900 million 2.75% notes due 2039
- Greater Toronto Airports Authority in its successful 2021 and 2020 $6.9 billion bondholder consent solicitations
- The underwriters on the IPO and subsequent secondary offerings of Pet Valu Holdings Limited
- DRI Healthcare Trust in its US$365 million IPO
- AltaLink, L.P. (on behalf of the agents) in its 2022 offering of $275 million 4.692% senior bonds due 2032 and its 2020 offering of $225 million 1.509% senior bonds due 2030
- Dream Impact Trust in its 2022 public offering of $40 million convertible debentures
- Dream Industrial REIT in its $850 million European logistics portfolio acquisition and associated financing
- Dream Industrial REIT in its 2022 $200 million green bond offering, its 2021 $250 million green bond offering and various public offerings of equity
- The agents in CGI Inc.’s Canadian and U.S. offerings of Notes consisting of a private offering of US$1 billion in aggregate principal amount of senior unsecured notes, consisting of US$600 million aggregate principal amount of 5-year notes and US$400 million aggregate principal amount of 10-year notes, and $600 million aggregate principal amount of 7-year senior unsecured notes which bear interest at 2.100% per annum
- The Senior Creditors to Connect 6ix General Partnership in connection with the $9 Billion Ontario Line Rolling Stock, Systems, Operations and Maintenance Project procured by Infrastructure Ontario and Metrolinx. The Senior Creditor Group represented by Osler included: (i) TD Securities Inc. and National Bank Financial Inc., in connection with an underwritten private placement of senior bonds issued by Connect 6ix; (ii) ATB Financial Inc., DZ Bank AG, Korea Development Bank, National Bank of Canada, The Norinchukin Bank and Sumitomo Mitsui Banking Corporation in connection with a revolving credit facility and associated hedging arrangements and (iii) Japan Bank for International Cooperation in connection with a term loan facility
- The underwriters in goeasy’s $172.5 million subscription receipt offering in connection with its $320 million proposed acquisition of LendCare
- The underwriters in ECN Capital Corp.’s public offering of $75 million 6.00% debentures.
- The agents in Granite REIT Holdings Limited Partnership’s public offerings of $500 million 2.194% green bonds, $500 million 2.378% bonds and $500 million 3.062% green bonds
- The agents in Rogers Communications Inc.’s 2020 offering of $1.5 billion 3.65% Senior Notes due 2027, in Rogers Communications Inc.’s 2019 offering of US$1 billion 3.70% Senior Notes due 2049, in Rogers Communications Inc.’s 2019 offering of $1 billion 3.25% Senior Notes due 2029 and in Rogers Communications Inc.’s 2019 offering of US$1.25 billion 4.35% Senior Notes due 2049
- Nova Scotia Power Incorporated in its 2020 offering of $300 million 3.307% notes due 2050 and its 2019 offering of $400 million 3.571% notes due 2049
- The agent in establishing ATM Programs for investment fund issuers including Canoe EIT Income Fund, Financial 15 Split Corp., Dividend 15 Split Corp., North American Financial 15 Split Corp. and Canadian Banc Corp.
- The Board of Trustees of the WSIB Pension Plan Fund in the conversion of WSIB’s defined benefit, single employer pension plan to a jointly sponsored pension plan
- Princeton Holdings Limited in the sale of The Guarantee Company of North America and Frank Cowan Company Limited to Intact Financial Corporation
Latest Insights
-
Osler Update Jun 8, 2020
Amendments to “at-the-market” equity offerings a welcome change
On June 4, 2020, the Canadian Securities Administrators approved amendments to National Instrument 44-102 – Shelf Distributions and Companion...
Read more
Awards and Recognition
-
Recipient of the Women in Capital Markets Emerging Leaders Award
Media Mentions
-
Osler News Feb 16, 2023
Osler welcomes 10 new partners and two new counsel in 2023
Osler is proud to announce the addition of 10 new partners and two new counsel across four of our offices, effective March 1, 2023.
Read more -
Osler News Sep 12, 2019
Sandra Malcolm named a recipient of WCM’s 2019 Emerging Leaders Award Program
Osler is proud to announce that Sandra Malcolm, an associate in the firm’s Corporate Group, has been named a recipient of the Women in Capital...
Read more
Community Involvement
- Corporate Procedure Fundamentals, Legal Education Society of Alberta, May 2017, Forms of Corporate Acquisitions, Changes and Reorganizations
Credentials
Education
- University of Alberta, LL.B.
Languages
- English
Professional Affiliations
- Law Society of Alberta
- Law Society of Ontario
- ACG (Association for Corporate Growth)
- Canadian Bar Association
- Women in Capital Markets
