32 LEXPERT MAGAZINE
|
JUNE 2016
BIG DEALS
to raise gross proceeds of $140 million.
e offering was underwritten on a
bought deal basis by a syndicate led by Na-
tional Bank Financial Inc. and which in-
cluded BMO Capital Markets, RBC Capital
Markets, TD Securities Inc., CIBC World
Markets Inc., Scotia Capital Inc., Canaccord
Genuity Corp., GMP Securities L.P., Ray-
mond James Ltd. and Desjardins Securities
Inc. e Series 7 Preferred Shares were issued
under a short form prospectus dated March
22, 2016.
Canadian Western Bank was represented
by an in-house team led by Gail Harding,
QC, Senior Vice President, General Coun-
sel and Corporate Secretary, and Summer
Bradko, AVP, Senior Legal Counsel & Chief
Ethics Officer. Torys LLP provided external
support with a team led by David Seville and
which included David Leith and Simonne
Horwitz (corporate/securities), Blair Keefe
(financial institutions), Jerald Wortsman and
Catrina Card (tax).
e underwriters were represented by Mc-
Carthy Tétrault LLP with a team led by An-
drew Parker and which included Barry Ryan,
Omar Soliman and John Murray (corporate/
securities) and Gabrielle Richards (tax).
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
INTACT FINANCIAL
CORPORATION COMPLETES
$250M NOTE OFFERING
CLOSING DATE: MARCH 1, 2016On
March 1, 2016, Intact Financial Corpora-
tion (the Company) completed an issuance
of $250 million principal amount of Series 6
medium term notes (the Notes). e Notes
were offered by way of a pricing supplement
to the Company's existing base shelf prospec-
tus and prospectus supplement, on a best ef-
forts basis through a syndicate of dealers co-
led by TD Securities Inc. and CIBC World
Markets Inc. and including Scotia Capital
Inc., BMO Nesbitt Burns Inc., National
Bank Financial Inc., RBC Dominion Secu-
rities Inc. and Casgrain & Company Limited
(collectively, the Dealers). e Notes are di-
rect unsecured obligations of the Company
and rank equally with all other unsecured
and unsubordinated indebtedness of the
Company. e Notes bear interest at a fixed
annual rate of 3.77 per cent until maturity on
March 2, 2026. Net proceeds of the offering
will be used for general corporate purposes.
e Notes have been given a rating of
A with a stable trend by DBRS Limited, a
rating of Baa1 with a positive outlook by
Moody's Investors Service, Inc. and a rating
of A- by Fitch Ratings Inc.
Intact Financial Corporation was repre-
sented by an in-house legal team led by Fré-
déric Cotnoir and Danistan Saverimuthu,
and including Caroline Bousquet-Racine.
Fasken Martineau DuMoulin LLP act-
ed as external counsel to the Company with
a team led by John Sabetti (corporate/securi-
ties) and including Justine Connors (corpo-
rate/securities) and Mitchell aw (tax).
McCarthy Tétrault LLP acted as counsel
to the Dealers with a team led by Andrew
Parker and including Fraser Bourne, Mark
McEwan and Suraj Rammohan (corporate/
securities) and Ryan Rabinovitch (tax).
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