LEXPERT MAGAZINE
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JANUARY 2019 11
from ATCO's investment will be used by
Neltume Ports to finance opportunities
for growth. e acquisition is expected to
be accretive to ATCO's earnings per share
in the first full year of ownership, as well as
deliver sustainable profitability through the
execution of Neltume's growth plans.
Bennett Jones LLP represented ATCO
with a team led by William Osler and in-
cluding Kathryn Shaw and Luke Morrison.
Chilean counsel to ATCO was Cariola
Diez Perez-Cotapos, with a team led by
Pedro Lluch and including Catalina Mari-
sio and Kevin Hes.
Ultramar was represented by Grupo
Vial Serrano Abogados in Chile.
Oil & Gas Oil & Gas
FRONTERA ENERGY COMPLETES
OFFERING OF US$350M
UNSECURED SENIOR NOTES
CLOSING DATE: JUNE 25, 2018
On June 25, 2018, Frontera Energy (the
Issuer) completed an offering of US$350
million principal amount of unsecured
senior notes due in 2023, the proceeds of
which were used to repurchase US$250
million of the company's outstanding sen-
ior secured notes due in 2021 pursuant to
a tender offer.
Frontera Energy is a Canadian petrol-
eum exploration and production company
in the business of heavy crude oil and nat-
ural gas with operations in Colombia and
Peru. e transaction is key to the com-
pany's strategy of sustainable production
growth through high impact exploration
and strategic initiatives.
McMillan LLP acted for Frontera
Energy on all Canadian aspects of this
complex cross-border transaction with a
multi-disciplinary team which included
banking, financial services and tax – in
addition to capital markets expertise. e
McMillan team was led by Paul Davis
(Capital Markets and M&A) and included
Kathy Martin (Financial Services), Michael
Friedman (Tax), Sandra Zhao, Valenteena
Samra (Capital Markets and M&A) and
Maria Sagan (Financial Services).
Clifford Chance LLP acted US Coun-
sel to the Underwriters, with a team that in-
cluded Hugo Triaca, Jay Gavigan, Mariana
Estévez, Leonela Vaccaro Padrón, omas
McGowan, Lane Feler, Luciana de Lima
Barata and Leonela Vaccaro Padrón.
Proskauer Rose LLP acted as US Coun-
sel to the Issuer, with a team that included
David Fenwick, Carlos Martinez, Antonio
Piccirillo, Martin Hamilton, Martine Agat-
ston, Saulo Salles de Padua, Javier Barrera
Gazcon, Andrew Bettwy, William Majeski
and Arianna Lacerte.
Dentons Cardenas & Cardenas LLP
was Colombian Counsel to the Issuer with
a team that included Bernardo Cárdenas,
Santiago González, Catalina Pinilla and
Daniela Mejía.
Rubio, Leguia, Normand was Peru
Counsel to the Underwriters with a team
that included Carlos Enrique Arata Del-
gado, Maria Claudia Arias Markovich, Eliana
Peláez Robles and Sheerley Cárdenas Guerra.
Brigard & Urrutia was Colombian
Counsel to the Underwriters with a team
that included Carlos Fradique Méndez,
Luis Gabriel Morcillo, Hernán Vidal Baute
and Juan Camilo Arbeláez.
Blake, Cassels & Graydon LLP was
Canadian Counsel to the Underwriters
with a team that included Ross McKee,
Daniel McLeod, Paul Stepak, Alexis Le-
vine, Raees Nakhuda, Niloofar Entezari,
Casey Richardson-Scott, Sharagim Habibi
and Joshua Hutchinson.
Higgs & Johnson was Bahamian Coun-
sel to the Underwriters with a team that
included Christel Sands-Feaste, Alexandra
Hall and Nia Rolle.
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
ALTAGAS LTD. ACQUIRES
WGL HOLDINGS, INC.
CLOSING DATE: JULY 6, 2018
On July 6, 2018, AltaGas Ltd. completed
its acquisition of WGL Holdings, Inc. for
approximately C$9 billion, including relat-
ed financing consisting of a US$3 billion
bridge facility, a C$2.6 billion bought deal
public offering of subscription receipts and
a concurrent C$400 million private place-
ment of subscription receipts.
e combination of AltaGas and WGL
supports AltaGas' long-term vision and
strateg y, and results in a company with
an enterprise value of over $17 billion, a
presence in over 30 states and provinces,
and approximately $6 billion in growth
opportunities.
AltaGas Ltd. was represented in Can-
ada by Keith Chatwin, Leland Corbett,
Amanda Kousinioris, Brandon Leitch
(Corporate/Banking/Securities), David
Weekes and Julie D'Avignon (Tax) of
Stikeman Elliott LLP; in the US by Jef-
fery Floyd, Keith Fullenweider, Benji Bar-
ron, Robert Hughes, Kathryn Hastings,
David Bumgardner, Mariam Boxwala
(Corporate), John Wander, Quentin Smith
(Litigation), John Decker, Damien Lyster,
Victoria Galvez, Andrew DeVore, (Energy
Regulatory), David Wicklund, Stephen
Tarry, Mike Bielby (Finance), John Lynch
(Tax), Brian Bloom, Dario Mendoza,
Austin Light (Benefits), Sean Becker (Em-
ployment), Kaam Sahely, Megan Menniti,
Michael Zarcaro (Energy Transactions &
Projects), Larry Nettles, Matthew Dobbins
(Environmental), Jared Knight (Real Es-
tate), and Billy Vigdor (Antitrust) of Vin-
son & Elkins LLP; and by Clifford Naeve
and John Estes (Energy) of Skadden, Arps,
Slate, Meagher & Flom LLP.
WGL Holdings, Inc. was represented
by Andrew Calder (Corporate), Melissa
Hutson, Suhan Shim (Finance), Scott
Price, Kate Coverdale (Benefits), Matthew
Antinossi, Tim Stephenson (Employ-
ment), Dean Shulman, Vincent orn
(Tax), Christian Semonsen (Environment-
al), Lisa Samenfeld (IP), Jennifer Sheehan
(Real Estate) of Kirkland & Ellis LLP;
and by Mark Plotkin, David Fagan (Privacy
& Data Protection), Damara Chambers
and Sara Lacy (Regulatory) of Covington
& Burling LLP.
Oil & Gas Oil & Gas Oil & Gas
JUST ENERGY COMPLETES
ACQUISITION OF FILTER
GROUP INC.
CLOSING DATE: OCTOBER 1, 2018
On October 1, 2018, Just Energy Group
