LEXPERT MAGAZINE
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Q3 2019 23
vices announced its merger with MDC
Group to become a fully integrated North
American real estate platform. e new
entity will be a fully integrated real estate
platform with a portfolio worth more than
US$16.5 billion and encompassing 35 mil-
lion square feet of office, retail, industrial
and residential assets under management
in Canada and the United States.
e platform will operate as Epic Invest-
ment Services in Canada and MDC Re-
alty Advisors in the U.S. and will combine
Epic's property and asset management ex-
pertise with MDC's transactional acumen
and development management experience.
Stikeman Elliott LLP acted as coun-
sel to Epic Investment Services and EPIC
GP with a team consisting of Vince Imerti,
Charlie McDonald, Curtis Lahey, Kate
Amirault and Sarah Visentin (M&A),
John O'Connor (Tax), Nancy Ramalho
and Khalfan Khalfan (Employment), and
Allyson Marta (Benefits).
McCarthy Tétrault LLP acted as coun-
sel to the MDC Entities, with a team com-
prised of Stephen Livergant (Real Proper-
ty), Ben Aberant (Labour & Employment),
Jeremy Busch-Howell and Michael Sha-
hinian (Business law).
COMINAR REAL ESTATE
INVESTMENT TRUST COMPLETES
$200-MILLION OFFERING OF SE-
NIOR UNSECURED DEBENTURES
DECISION DATE: MAY 15, 2019
On May 15, 2019, Cominar Real Estate
Investment Trust ("Cominar"), one of the
largest diversified real estate investment
trusts in Canada and the largest com-
mercial property owner in the Province of
Québec with a real estate portfolio of 346
high-quality, office, retail and industrial
properties, completed the offering of its
Series 11 senior unsecured debentures due
May 15, 2024 in the principal amount of
$200 million.
e net proceeds of the offering were
used to pay down debt outstanding under
Cominar's unsecured revolving credit facil-
ity and for the repayment of the $300-mil-
lion aggregate principal amount of Series 7
debentures due June 21, 2019.
e offering was completed by way of
private placement in Canada pursuant to
an agency agreement with a syndicate of
agents co-led by BMO Capital Markets
and National Bank Financial Markets, and
which included RBC Dominion Securi-
ties, CIBC World Markets, TD Securities,
Desjardins Securities and Scotia Capital.
Cominar was represented by Davies
Ward Phillips & Vineberg LLP, with a
team comprised of Sébastien Roy and
Florence Bienvenu (Corporate Finance
and Securities) and John Lennard (Tax).
e agents were represented by Lavery
de Billy, L.L.P., with a team comprised
of Michel Servant, Marc Rochefort and
Mylène Vallières (Corporate Finance
and Securities) and Philip Nolan (Tax).
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