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.
Issue link: https://digital.carswellmedia.com/i/1480511
26 www.lexpert.ca Big Deals COMPILED BY ZENA OLIJNYK AND KIEZZSA CRUZ Goldman that included Jessica Brown and Ashley Wilson. INNERGEX COMPLETES $212.8- MILLION PUBLIC OFFERING CLOSING DATE: FEBRUARY 22, 2022 On February 22, 2022, Innergex Renewable Energy Inc. completed a $212.8-million placement offering. e underwriters, CIBC Capital Markets, National Bank Financial Inc., BMO Capital Markets, and TD Securities Inc, agreed to purchase 8,451,000 common shares at an offering price of $17.75 per share for gross proceeds of $150 million to Innergex. Innergex also entered into a subscription agreement with HQI Canada Holding Inc., a subsidiary of Hydro-Québec, to purchase 2,100,000 common shares for gross proceeds of $37 million to Innergex. Innergex is an independent renewable power producer that develops, acquires, owns, and operates hydroelectric facilities, wind farms, solar farms, and geothermal power generation plants. As a global corporation, Innergex conducts operations in Canada, the United States, France, Chile, and Iceland. McCarthy Tétrault LLP advised Innergex with a team led by Philippe Leclerc that included Hadrien Montagne, Isabelle Nazon, and Romarick Prats (Business). Fasken Martineau DuMoulin LLP advised the syndicate of underwriters with a team that included Jean Michel Lapierre, Marie-Christine Valois, Alexandre Morin, Nancy Liu, and Tristan Lalumière-Roberge. BORALEX SELLS SENNETERRE BIOMASS POWER PLANT TO RESOLU CLOSING DATE: February 11, 2022 On February 11, 2022, Boralex Inc. entered into an agreement for the sale of the 34.5 MW Senneterre power plant, the last remaining biomass power generation asset in its port- folio. e power plant has been purchased by Resolu Forest Products Canada Inc. Boralex has been providing affordable renewable energy for over 30 years. ey are a leader in the Canadian market and France's largest independent producer of onshore wind power. ey also have facilities in the United States and development projects in the United Kingdom. McCarthy Tétrault LLP assisted Boralex with a team led by Mathieu Leblanc that included Richard O'Doherty, Jacob Stone, and Sonia Bardakjian (Corporate/M&A); Dominique Amyot-Bilodeau and Amelia Fong (Environment); Emilie ibault (Labour); Deron Waldock (Pension); and Marie-Pier Gosselin and Danielle Gagnon (Real Estate). Norton Rose Fulbright LLP served as opposing counsel with a team led by Miguel Manzano and Elliot Shapiro that included Antoine Desroches, Éric Lallier, Rujuta Patel, Mélissa Devost, Carl Boulva, Christine Duguay, and Sophie Doyle. ÉNERGIR COMPLETES $325-MILLION PRIVATE PLACEMENT OF SERIES 2022-1 FIRST MORTGAGE BONDS CLOSING DATE: FEBRUARY 9, 2022 On February 9, 2022, Énergir, L.P. completed a private placement of $325 million of Series 2022-1 First Mortgage Bonds. Énergir intends to use the proceeds to repay existing indebtedness and for general corporate purposes. e Series 2022-1 First Mortgage Bonds are offered on an agency basis through a syndicate of dealers led by CIBC Capital Markets and TD Securities Inc. as joint bookrunners and co-lead private placement agents, together with BMO Nesbitt Burns Inc., Desjardins Securities Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., and Casgrain & Company Limited, as agents. Énergir is a diversified energy production company based in Montreal with assets in natural gas, wind, solar, and LNG. McCarthy Tétrault LLP advised Énergir with a team led by Richard O'Doherty that included Patrick Boucher and Isabelle Nazon. Norton Rose Fulbright LLP advised CIBC World Markets and TD Securities, as joint bookrunners and co-lead private placement agents, with a team lead by David Lemieux and Peter Wiazowski and comprised of W. Provencher-Campeau and L. Desjardins. PETROSHALE CLOSES $54.5-MILLION PRIVATE PLACEMENT WITH PETERS & CO. AS LEAD AGENTS CLOSING DATE: FEBRUARY 2, 2022 On February 2, 2022, PetroShale Inc. (now Lucero Energy Corp.) closed its oversub- scribed non-brokered and brokered private placements raising gross proceeds of $54.5 million with a syndicate of agents led by Peters & Co. Limited and including Haywood Securities Inc., National Bank Financial Inc., RBC Dominion Securities Inc., CIBC World Markets Inc., BMO Nesbitt Burns Inc., and ATB Capital Markets Inc. PetroShale issued 112,500,000 common shares at a price of $0.40 per common share for gross proceeds of $45 million pursuant to the brokered private placement, which was increased from the original $30 million due to strong demand. rough the brokered and non-brokered private placement, PetroShale raised total gross proceeds of $54.5 million which will be used to reduce debt and for general corporate purposes, positioning the company to execute > ENERGY DEALS