Our Calgary, Montreal, Dallas and Houston offices acted as counsel to the issuer in connection with a private offering of US$500m aggregate principal amount of 11% senior second lien secured notes due 2025 and the amendment and restatement of its C$350m revolving credit facility. 

Proceeds of the offering, together with a combination of cash on hand and available borrowings under its amended and restated revolving credit facility, were used to repurchase or redeem all of the US$590m aggregate principal amount outstanding of Tervita’s 7.625% senior secured notes due 2021.

The team included Kirk Litvenenko, Kirsty Sklar, Jennifer Kennedy, Kassy Corothers, Reid Yester, Katherine MacPhail, Mitch Ng, Niall Roe, John Jiang (securities); Rick Borden, Matthew Longstaff, Amy Yang, Hailey Boutin, Joyce Chang (banking); Darren Hueppelsheuser, Dion Legge, Elisabeth Trotter (tax, Calgary); Peter Wiazowski (banking, securities, Montreal); Todd Schroeder (tax, Dallas) and Verma Hersh (tax, Houston).