6 LEXPERT MAGAZINE
|
AUGUST 2019
BIG DEALS
CORPORATE TRANSACTIONS OF IMPORTANCE
bel, Nicole Buchanan (Employment and
Labour), Janet Bobechko, Andre Shyman-
ski (Environmental), Jung-Kay Chiu (In-
tellectual Property), Michael Lieberman,
Samantha Sarkozi (Real Estate), and Alan
Merskey and Geoff Mens (Disputes).
DLA Piper (Canada) LLP also provided
securities law advice with a team that includ-
ed Vaughn MacLellan and Sydney Kert.
Stikeman Elliott LLP acted as counsel
to Newstrike Brands Ltd. with a team that
included D'Arcy Nordick, Steven Bennett,
Stewart Sutcliffe, Omar Soliman, and Pre-
cia Darshan.
Osler, Hoskin & Harcourt LLP ad-
vised the special committee for Newstrike
with a team comprising Doug Marshall and
Kai Sheffield.
INTERFOR CORPORATION
REACHES FINANCIAL CLOSE
ON A $350M FINANCING
CLOSING DATE: MARCH 29, 2019
On March 29, 2019 Interfor Corporation
reached financial close on a $350-million
financing. e financing was provided
through a syndicate of lenders, co-led by
RBC Capital Markets, TD Securities and
Wells Fargo. Interfor Corporation is one of
North America's largest lumber companies
with an annual production capacity of ap-
proximately 3.1 billion board feet at its mill
facilities in Canada and the US.
Norton Rose Fulbright Canada LLP
acted as Canadian counsel to the syndi-
cate of lenders with a team that included
David Bain, Richard Sarabando, Mat-
thew Choi, and Amanda Kollman. Peter
Mucklestone of Davis Wright Tremaine
LLP acted as US counsel to the syndicate
of lenders.
McCarthy Tetrault LLP acted as Inter-
for Corporation's Canadian counsel with a
team that included Kevin Wright and Liezl
Behm. Stoel Rives LLP acted as Interfor
Corporation's US counsel with a team that
included Duff Bryant, David Levant and
eresa Kim.
Vedder Price acted as Prudential's coun-
sel with a team that included Bradley C.
Crawford and Steve Ta.
MOLSON BREWERY LANDS
PURCHASED FOR $126M
CLOSING DATE: JUNE 5, 2019
A consortium comprised of Groupe Sélec-
tion, Groupe Montoni and Fonds im-
mobilier de solidarité FTQ has acquired
the Molson Brewery lands for $126 mil-
lion. e 1.2-million-square foot site had
been owned by Molson since 1786, and the
consortium will redevelop this section of
the city, starting with the planned construc-
tion of 4,000 to 5,000 housing units, as well
as several commercial buildings.
Helen Bougas, Senior Director of Legal
Affairs at Groupe Sélection, led the consor-
tium of buyers.
Groupe Montoni was advised internally
by Franca Riso and Véronique éorêt.
Valérie Mac-Seing of Mac-Seing om-
as led the team representing Molson, which
was advised internally by Nathalie Delisle,
Chief Legal Officer.
Fonds Immobilier de Solidarité FTQ
was represented internally by François
Martel, and supported by Julie Doré, Alain
Castonguay, Janie Chaloux and Eleonora
Eusepi of BCF Business Law.
Benoît Dagenais and Nissa Kara Frechet
represented the City of Montréal internally.
TRICON COMPLETES ACQUISITION
OF STARLIGHT U.S. MULTI-FAMILY
(NO. 5) CORE FUND
CLOSING DATE: JUNE 11, 2019
Starlight U.S. Multi-Family (No. 5) Core
Fund (the "Fund") was acquired by Tricon
Capital Group Inc. ("Tricon"). e trans-
action is valued at approximately US$1.4
billion including Tricon indirectly assum-
ing approximately US$916 million of the
Fund's existing debt.
e acquisition was completed pursuant to
a court-approved plan of arrangement under
the Business Corporations Act (Alberta).
e Fund owns a portfolio of 23 prop-
erties, consisting of 7,289 suites in the U.S.
multi-family real estate market. e trans-
action consisted of the acquisition of the
outstanding limited partnership units of the
Fund by Tricon in exchange for 50,779,311
Tricon common shares. Based on the clos-
ing trading price of Tricon's common shares
on the TSX on June 10, 2019, the total con-
sideration payable (including assumed debt)
was approximately US$1.33 billion.
e Fund was represented internally by
David Hanick, Chief Legal Officer. Blake,
Cassels & Graydon LLP acted as external
counsel to the Fund with a team led by Will
Fung and including Michael Gans, Matthew
Merkley, Linda Tu, Jeremy Ozier, Chris-
topher Yeretsian and Alexa Morin (Cor-
porate/Securities), Andrew Spiro and Peter
Lee (Tax), David Tupper and Vanessa Wil-
liams (Litigation) and Cassandra Brown
(Competition). Clark Hill PLC acted as
external counsel to the Fund with respect to
US real estate and corporate matters with a
team that included Sherry Meyer, Crawford
Moorefield and Debra Hatter. Wildeboer
Dellelce LLP acted for the Special Com-
mittee of the Fund with a team led by Perry
Dellelce and including Rob Wortzman, Mi-
chael Rennie and Joel Fraser.
Tricon was represented internally by
David Veneziano, Executive Vice Presi-
dent & General Counsel. Goodmans
LLP acted as external counsel to Tricon
with a team led by John Connon and in-
cluding Matthew Prager and Tara Hunt
(Corporate/Securities) and Jon Northup
and Michael Royal (Tax). Goulston &
Storrs PC acted as external counsel to Tri-
con with respect to US real estate and cor-
porate matters with a team that included
Zev Gewurz and Jamie Einbinder.
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce Construction & Engineering
Consumer Staples
BMO IN ITS US$500 MILLION
INAUGURAL ADDITIONAL
TIER 1 NOTE OFFERING
CLOSING DATE: JULY 23, 2019
On July 23, 2019, the Bank of Montreal
("BMO") announced its US$500-million
inaugural offering of additional Tier 1
notes. is relatively new form of capital
expands the scope of available investor
markets to Canadian banks. e coupon
of 4.80% represents the strength of sup-
port from a global investor base. e joint
