Royal Bank of Canada completes C$2bn subordinated debt offering
Our Toronto office advised Royal Bank of Canada on a C$2bn offering of non-viability contingent capital (NVCC) subordinated notes through its Canadian medium-term notes program.
Our Toronto office advised Royal Bank of Canada on a C$2bn offering of non-viability contingent capital (NVCC) subordinated notes through its Canadian medium-term notes program.
Our Montreal office advised the special committee of the board of directors of CGI Inc. in connection with the repurchase for cancellation by CGI Inc., via private agreement.
A cross-border team, including lawyers from our Toronto, Vancouver and Houston offices assisted Third Lane Mobility Inc (formerly, Bird Scooter Acquisition Corp.) (“Bird”) on the restructuring and acquisition of certain assets of Bird Global Inc., and the establishment of a new money facility.
Our Montreal office successfully represented the firm’s long-time client Bombardier inc. on its victory before the Supreme Court of Canada in a case of whether a bank is required to refuse payment to the beneficiary of a letter of credit if the beneficiary is found to have engaged in fraudulent behaviour.
Our Ottawa, Montréal, Toronto, and Québec City offices represented Nouveau Monde Graphite Inc. (NMG) in a US$87.5m private placement.
Our Québec and Montréal offices acted for the sellers in the sale of a majority stake in Boulangerie St-Méthode to Swander Pace Capital, CDPQ and Roynat Equity Partners.
An international team led by our Montréal office and supported by our Ottawa, Johannesburg, Paris and Casablanca offices, advised Solutions Beyond Technologies Inc. in a complex transaction in which it was acquired by Syntax Systems.
Our Québec City and Montréal offices advised OpSens Inc., a medical device cardiology-focused company delivering innovative solutions based on its proprietary optical technology, in connection with the sale of all of its issued and outstanding shares to Haemonetics Corporation, a global medical technology company, for C$2.90 in cash per share.
Our Québec City and Montréal offices advised H2O Innovation Inc. in connection with the sale of all of its issued and outstanding shares, other than the shares rolled over by Investissement Québec, Caisse de dépôt et placement du Québec and certain key executives of H2O, to Ember SPV I Purchaser Inc.
Our Calgary office, with the assistance of the Toronto and Vancouver offices, acted for Crescent Point Energy Corp. in its acquisition of Hammerhead Energy Inc. for total consideration of approximately C$2.55bn, including approximately C$455m in assumed net debt.
Our Calgary office represented Calgary Sports and Entertainment Corporation, owners of the Calgary Flames NHL hockey franchise and other professional and amateur sports organizations in the province, in their comprehensive transactions with The City of Calgary, the National Hockey League, the Calgary Stampede and various other stakeholders.
Our Montréal office is advising CAE Inc. on a definitive agreement to sell CAE’s Healthcare business to Chicago-based Madison Industries for an enterprise value of C$311m, subject to customary adjustments.
Our Toronto office represented Citadel Income Fund in a high-profile proxy fight opposite Saba Capital Management, L.P. and certain associated parties (the “Saba”).
Our Vancouver office is working alongside the firm’s Calgary office to advise Australia-based Iris Energy Limited on the development of green energy-driven data centres in Canada.
Our Toronto office, with assistance nationally, advised publicly listed Carlsberg Group, a global brewery group with products sold in 150 markets, on its arrangement to acquire TSX-listed Waterloo Brewing Ltd. for C$144m all-cash consideration.
Our Toronto office advised the special committee of the board of directors of Yamana Gold Inc. in connection with the offer made by Agnico Eagle Mines Limited and Pan American Silver Corp. pursuant to which Pan American will acquire all of the company’s issued and outstanding common shares and Agnico will acquire certain subsidiaries and partnerships that hold Yamana’s interests in its Canadian assets.
© Norton Rose Fulbright LLP 2023