Laurentian Bank of Canada completes C$125 million NVCC Preferred Share Offering

Counsel to Laurentian Bank of Canada, as issuer, in connection with its offering of 5,000,000 Non-Cumulative Class A Preferred Shares, Series 15 (Non-Viability Contingent Capital (NVCC)) for gross proceeds of C$125m. The offering was underwritten by a syndicate led by BMO Capital Markets, TD Securities Inc. and RBC Dominion Securities Inc. Also represented Laurentian Bank of Canada, as issuer, in connection with its offering of subscription receipts for gross proceeds C$135,128,400 to finance a portion of Laurantian acquisition of CIT’s Canadian equipment finance business. The offering was underwritten by a syndicate led by TD Securities Inc.