LEXPERT MAGAZINE
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SEPTEMBER 2016 29
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CORPORATE TRANSACTIONS OF IMPORTANCE
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e Parkland team was led by Pierre Mag-
nan, Vice President, General Counsel and
Corporate Secretary, and Tariq Remtulla,
Legal Counsel, and supported by John Piasta
and Elyse van Spronsen (capital markets) and
Greg Johnson (tax) of Bennett Jones LLP.
Canaccord Genuity Corp. was advised by
Dentons Canada LLP with a team compris-
ing William Gilliland, Toby Allan and Jes-
sica Myers (capital markets).
Oil & Gas Oil & Gas
NORTH WEST REDWATER
PARTNERSHIP COMPLETES
$1.2B ISSUANCE OF BONDS
CLOSING DATE: JUNE 10, 2016
North West Redwater Partnership closed on
the issuance of an additional $1.200,000,000
in senior secured bonds as part of its antici-
pated $8.5 billion capital cost program to
construct and operate a merchant upgrader/
refinery in Alberta.
e bonds were successfully sold in Cana-
da only and are composed of a three-tranche
offering of $200,000,000 4.75 per cent
Series G Secured Bonds due June 1, 2037,
$500,000,000 4.15 per cent Series H Secured
Bonds due June 1, 2033 and $500,000,000
4.35 per cent Series I Secured Bonds due
January 10, 2039.
Bennett Jones LLP was counsel to North
West Redwater Partnership.
e Bennett Jones team was led by Darrell
Peterson and included Phil Backman, Tessa
Guenther and Kris Simard.
Blake, Cassels & Graydon LLP repre-
sented the Agents (BMO Nesbitt Burns Inc.,
CIBC World Markets Inc., TD Securities
Inc., J.P. Morgan Securities Canada Inc.,
RBC Dominion Securities Inc., Scotia Capi-
tal Inc., Merrill Lynch Canada Inc., Barclays
Capital Canada Inc., Citigroup Global Mar-
kets Canada Inc., BNP Paribas (Canada)
Securities Inc., National Bank Financial Inc.,
AltaCorp Capital Inc., Desjardins Securities
Inc. and Casgrain & Company Ltd.).
e Blakes team consisted of Tim Andi-
son, Gordon McKenna, Charles McRob-
erts and Joe Zed.
Oil & Gas Oil & Gas Oil & Gas
KELT EXPLORATION
COMPLETES ITS CONVERTIBLE
DEBENTURE FINANCINGS
CLOSING DATE: MAY 3, 2016
On May 3, 2016, Kelt Exploration Ltd. (Kelt)
announced that it had closed its convertible
debenture financing by way of a short form
prospectus on a bought deal basis, complet-
ing the sale of $75 million principal amount
of 5.00 per cent convertible subordinated un-
secured debentures (Debentures) at a price of
$1,000 per Debenture (the Offering).
e Offering was completed through a
syndicate of underwriters co-led by Peters
& Co. Ltd. and FirstEnergy Capital Corp.
and including National Bank Financial
Inc., Cormark Securities Inc., TD Securi-
ties Inc., CIBC World Markets Inc., RBC
Capital Markets, GMP Securities L.P.,
Macquarie Capital Markets Canada Ltd.,
Raymond James Ltd., Scotia Capital Inc.,
AltaCorp Capital Inc. and BMO Capital
Markets (the Underwriters).
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