Credit Suisse & JP Morgan border equity financing

September 23, 2016

Client: EnCana Corporation

We advised the underwriters in connection with EnCana Corporation’s public offering US$1bn share offering of 107,000,000 common shares at a public offering price of US$9.35 per share for gross proceeds of US$1bn. In connection with the Offering, EnCana has granted the underwriters, led by Credit Suisse Securities (Canada), Inc. and J.P. Morgan, a 30-day over-allotment option to purchase up to 16,050,000 additional Shares.  Similarly, Norton Rose Fulbright advised Canadian Pacific Railway Co. on its US$1.83bn public offering of 9,840,890 of Canadian Pacific's common shares by certain funds managed by Pershing Square. The underwriters were led by J.P. Morgan, Credit Suisse and BofA Merrill Lynch.