Lexpert Magazine

September 2019

Lexpert magazine features articles and columns on developments in legal practice management, deals and lawsuits of interest in Canada, the law and business issues of interest to legal professionals and businesses that purchase legal services.

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LEXPERT MAGAZINE | Q3 2019 13 INDUSTRY ANALYSIS Pipelines Financial Transportation 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 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 Consumer Services Energy & Power Aerospace & Defence Automotive COMPILED BY ELIZABETH RAYMER Metals & Mining the recent $500-million private capital refinancing, of which $300 million of the funds were provided through an increase to McInnis Cement's senior loan facility, and $200 million was provided by Caisse de dépôt et placement du Québec and Beaudier Inc. McInnis Cement is a privately held company with corporate headquarters in Québec, Canada, with its United States headquarters in Stamford, Connecticut. e company's plant in Port-Daniel–Gas- cons, Canada is the first new cement plant to serve Eastern Canada as well as the U.S. Eastern seaboard and Great Lakes region in more than 50 years. McInnis Cement was represented by McCarthy Tétrault LLP, with a team comprised of Mathieu Dubord, Étienne Guertin, Francois Dupuis, Jason Phel- an, François Dupuis, Clemens Mayr and Vincent Laurin (Corporate), Ellen Chen (Banking), Christian Meighen, Marie- Soleil Landry, Quentin Lageix, Nicolas Cloutier, Anthony Sylvain and Nicolas Désy (Tax), Annie Gagnon-Larocque (Real Estate), and Cindy Vaillancourt (En- vironment). McInnis Cement was represented by McCarthy Tétrault LLP, with a team comprised of Mathieu Dubord, Étienne Guertin, Jason Phelan, François Dupuis and Ellen Chen (Banking), Marie-Soleil Landry, Nicolas Cloutier, Anthony Syl- vain, Christian Meighen, Francois Dupuis and Annie Gagnon-Larocque (Real Es- tate), Vincent Laurin, Quentin Lageix and Cindy Vaillancourt (Environment), Nico- las Désy and Clemens Mayr. McInnis Cement's senior lenders were represented by Norton Rose Fulbright Canada LLP (Montreal, Quebec, New York and Austin offices), with a team comprised of David Lemieux, Michèle Friel, omas Nichols and Josh White (Banking) and Miguel Manzano (Real Estate) in Montreal, Mélissa Devost (En- vironment) in Quebec, Sean Corrigan (Banking) and Brian Devine (Shipping) in New York and Amy Mitchell (Real Estate) in Austin. Investissement Québec was represented by Gowling WLG, with a team led by Marie-France Béland (Project Finance) and that included Émilie Clairoux, Ingrid Anton and Robert Dorion. Caisse de dépôt et placement du Québec was represented by Fasken Martineau DuMoulin LLP with a team led by Con- stantinos Ragas and Félix Gutierrez. Beaudier Inc. was represented by Nor- ton Rose Fulbright Canada LLP with a team comprised of Nicolas Labrecque, Martin ériault, Vincent Filiatrault and Rachel Lesmerises. ZYMEWORKS COMPLETES PUBLIC OFFERING FOR APPROXIMATELY US$201.3 MILLION CLOSING DATE: JUNE 24, 2019 On June 24, 2019, Zymeworks Inc. ("Zyme- works" or the "Company") closed its under- written public offering (the "Offering") of 7,013,892 common shares, including the exercise in full of the underwriters' over-al- lotment option to purchase 1,458,336 addi- tional shares, and, in lieu of common shares, to a certain investor, pre-funded warrants to purchase up to 4,166,690 common shares. e common shares were offered at a price to the public of US$18 per common share and the pre-funded warrants were offered at a price of US$17.9999 per pre-funded warrant, for aggregate gross proceeds to the Company of approximately US$201.3 million, before deducting underwriting discounts and commissions and estimated Offering expenses. J.P. Morgan Securities LLC acted as ac- tive book-running manager for the Offer- ing. Wells Fargo Securities, LLC and Stifel, Nicolaus & Company, Incorporated acted as passive book-running managers, Ray- mond James Ltd. acted as co-lead manager and Ladenburg almann & Co. Inc. act- ed as co-manager. Daniel Dex (Senior Director, Legal) and Catherine Graham (Director, Legal) acted as Canadian internal counsel for Zymeworks. Blake Cassels & Graydon LLP acted as Canadian external counsel for Zymeworks, with a team led by Joseph Garcia that included Jamie Kariya, Kevin Zimka, Daniel Cherniak and Kristen Ball. Zymeworks' U.S. counsel was Skad- den Arps Slate Meagher & Flom LLP, with a team consisting of Riccardo A. Leofanti, Maia C. Bessemer, Misola Iji- dakinro and omas Daechsel (Capital Markets); Eric Sensenbrenner, Rob Ste- venson and Jeff Romero (Tax); Oren Ep- stein and Christine McLellan (IP); and Avia Dunn (Regulatory). e underwriters were represented in the U.S. by Cooley LLP, with a securities team that included Char- lie Kim, David Peins- ipp, Kristin VanderPas, Denny Won, Alex Davis and Zackory Burns; and in Canada by McCarthy Tétrault LLP, with a

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