Lexpert Magazine

42 www.lexpert.ca Big Deals Farris LLP represented the funders with a team led by Michael Allen, Maria McKenzie and David Selley, assisted by Cassandra Enns. AÉROPORTS DE MONTRÉAL COMPLETES $500-MILLION PRIVATE PLACEMENT CLOSE DATE: APR 21, 2020 Aéroports de Montréal (ADM), the local airport authority responsible for the manage- ment, operation and development of YUL Montréal-Trudeau International Airport and YMX International Aerocity of Mirabel, completed a private placement of $500 million 3.030 per cent Revenue Bonds, Series R, due Apr. 21, 2050. e bonds were offered through an agency syndicate consisting of CIBC World Markets Inc., Desjardins Securities Inc. and RBC Do- minion Securities Inc., as joint lead dealers and joint bookrunners, and including National Bank Financial Inc., BMO Nesbitt Burns Inc. and HSBC Securities (Canada) Inc. ADM was represented by Sylvain Cho- inière, vice president, legal affairs and cor- porate secretary of ADM, assisted by Sophie Prégent and Éric Lalonde also from ADM, and a team from Dentons Canada LLP in- cluding Vitale Santoro, Robert Roth, Shan Jiang and Sabrina Mach (corporate finance and securities). Norton Rose Fulbright Can- ada LLP represented the agency syndicate, with a team that included Solomon Sananes, Renée Loiselle and Dan Ton-at (corporate finance and securities). CANADIAN PACIFIC RAILWAY COM- PLETES $300-MILLION PUBLIC DEBT OFFERING IN CANADA CLOSE DATE: MAR 9, 2020 On Mar. 9, Canadian Pacific Railway Com- pany ("CPRC"), a wholly owned subsidiary of Canadian Pacific Railway Limited ("CPRL" and together with CPRC, "CP"), completed a public offering of $300 million aggregate principal amount of 3.05 per cent unsecured unsubordinated notes due 2050. e notes are fully and unconditionally guaranteed by CPRL. e offering was made in Canada under a base shelf prospectus of CPRC dat- ed Mar. 1, 2019, as supplemented on Mar. 5, 2020. e offering was completed through a syndicate of agents led by RBC Dominion Se- curities Inc., BMO Nesbitt Burns Inc. CIBC World Markets Inc. and Scotia Capital Inc., as joint lead book-runners and including Mer- rill Lynch Canada Inc., Wells Fargo Secur- ities Canada Ltd., Barclays Capital Canada Inc., Citigroup Global Markets Canada Inc., HSBC Securities (Canada) Inc., SMBC Nik- ko Securities Canada Ltd., AltaCorp Capital Inc., Desjardins Securities Inc., Morgan Stan- ley Canada Limited and MUFG Securities Canada, Ltd. CP was represented internally by David Sheridan, Bela Berze and Nizam Hasham. Bennett Jones LLP acted as external counsel to CP, with a team led by Harinder Basra and that included Brent Kraus, John Piasta and Steven Bodi (capital markets), Anu Nijhawan (tax), and Karen Dawson and Noriko Shimura (banking and finance). Osler Hoskin & Harcourt LLP repre- sented the agents with a team that included Dan Kolibar, Justin Sherman, Jacob Young and Meg Hiles (capital markets) and Colena Der and Darian Khan (tax). Firm(s): Bennett Jones LLP, Osler Hoskin & Harcourt LLP CANADIAN PACIFIC RAILWAY COMPLETES US$500-MILLION PUBLIC DEBT OFFERING IN THE U.S. CLOSE DATE: MAR 5, 2020 On Mar. 5, Canadian Pacific Railway Com- pany ("CPRC"), a wholly owned subsidiary of Canadian Pacific Railway Limited ("CPRL" and together with CPRC, "CP"), complet- ed an offering of US$500 million aggregate principal amount of 2.050 per cent notes due 2030. e notes are fully and unconditionally guaranteed by CPRL. e offering was made in the U.S. pursu- ant to an effective shelf registration statement previously filed with the Securities and Ex- change Commission on Mar. 1, 2019, as sup- plemented on Mar. 3, 2020. Barclays Capital Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC were joint book-running managers for the offering. BMO Capital Markets Corp., CIBC World Markets Corp., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., SMBC Nikko Se- curities America, Inc. and Desjardins Secur- ities Inc. acted as co-managers. CP was represented internally by David Sheridan and Béla Berze. Bennett Jones LLP acted as external coun- sel to CP in Canada with a team led by Har- inder Basra and that included Brent Kraus, John Piasta and Steven Bodi (capital markets), Anu Nijhawan (tax), Karen Dawson and Noriko Shimura (banking and finance). Paul Weiss Riind Wharton & Garri- son LLP represented CP in the U.S. with a team that included Andrew Foley, Stephen Centa, Dave Marshall, Anderson Christie, Sam Zhu and Sarah Lu (corporate and secur- ities), William O'Brien (environmental) and David Sicular and Kurt Naro (tax). Davis Polk & Wardell LLP represented the underwriters in the U.S. with a team that included John Crowley, Jennifer Ying Lan, Gil Savir and Cristina Maria Diaz Bauluz (capital markets), William Curran and Adam Brown- stone (tax) and David Zilberberg and Cristina Harshman (environmental). Osler Hoskin & Harcourt LLP repre- sented the underwriters in Canada with a team that included Frank Turner, Justin Sher- man and Jacob Young (capital markets) and Colena Der and Darian Khan (tax). Firm(s): Bennett Jones LLP, Osler Hoskin & Har- court LLP COMPILED BY ZENA OLIJNYK > INFRASTRUCTURE DEALS

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