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2016
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LEXPERT 39
tion Receipts issued upon the exercise in full of the
over-allotment option granted to the Underwriters) at
a price of $6.25 per Subscription Receipt, for gross pro-
ceeds of $672 million.
Additionally, Birchcliff closed its non-brokered pri-
vate placement of 3,000,000 Subscription Receipts at
a price of $6.25 per Subscription Receipt for gross pro-
ceeds of $18.75 million, which proceeds together with
the gross proceeds from the Offering, raised aggregate
gross proceeds of approximately $690.8 million.
Birchcliff was led by its General Counsel, Robyn
Bourgeois, on the financings.
Borden Ladner Gervais LLP represented Birchcliff
Energy Ltd. in connection with the financings. e
BLG team was led by Louise Lee and included Kent
Kufeldt and Ravi Latour.
Osler, Hoskin & Harcourt LLP represented the
Underwriters. e Osler team was led by Robert Le-
hodey and included Frank Turner, Daniel Zuniga and
Steven Ngo.
BRUCE POWER COMPLETES $1B ISSUE
OF SENIOR UNSECURED NOTES
CLOSING DATE: JUNE 23, 2016
Bruce Power L.P. has established a program providing
for the offering and issuance of an unlimited aggre-
gate principal amount of senior unsecured notes. In
conjunction therewith, on June 23, 2016, Bruce Power
L.P. issued $600,000,000 aggregate principal amount
of Series 2016-1 Senior Unsecured Notes, due June 23,
2021, and $400,000,000 aggregate principal amount
of Series 2016-2 Senior Unsecured Notes, due June 23,
2026. e offering represents the first such issuance in
Canada by a nuclear power producer.
Scotia Capital Inc. and TD Securities Inc. led the
agent syndicate, which included BMO Nesbitt Burns
Inc., CIBC World Markets Inc., HSBC Securities
(Canada) Inc., National Bank Financial Inc., RBC
Dominion Securities Inc. and BNP Paribas (Canada)
Securities Inc.
Bruce Power L.P. was advised internally by a team
including Brian Hilbers, Bill Schnurr and Lynn Ma-
honey (Legal) and assisted by a team from McCarthy
Tétrault LLP including Andrew Parker, Barry Ryan,
David Lever, Jake Irwin and Omar Soliman (corporate
finance), Douglas Cannon and Robert Nearing (tax),
Seán O'Neill, Christopher Langdon, Peter Brady and
Joanna Rosengarten (energy and environmental) and
Gordon Sato (real property).
e agents were advised by Rose Bailey, Jonathan
Weisz, Michael Zackheim, Yinka Olusoga, Dan Dou-
bilet and Brett Saulnier of Torys LLP.
WESTPORT COMPLETES
MERGER WITH FUEL SYSTEMS
CLOSING DATE: JUNE 1, 2016
On June 1, 2016, Westport Innovations Inc. (West-
port) and Fuel Systems Solutions, Inc. (Fuel Systems)
completed a merger under Delaware law whereby Fuel
Vogel, Grant Dentons Canada LLP
(780) 423-7272 grant.vogel@dentons.com
Mr. Vogel's practice includes a focus on public and private oil field service
businesses in domestic and cross-border transactions. His expertise
embraces corporate commercial matters, M&A and financial services
for lenders and borrowers.
Vézina, Sébastien Lavery, de Billy, L.L.P.
(514) 877-2964 svezina@lavery.ca
Mr. Vézina, partner at Lavery, has extensive experience in the field of
securities and natural resources law. He advises on corporate finance,
partnerships, mergers and acquisitions, and revenue-based financings.
He is involved in all phases of the project management cycle, from
exploration, project development and extraction, to project closure.
Vesey, Derek R.G. Davies Ward Phillips
& Vineberg LLP (416) 367-6921 dvesey@dwpv.com
Mr. Vesey acts on project finance, P3, banking and infrastructure
transactions in both Canada and the US. He advises lenders, operators
and sponsors in numerous sectors, including energy, mining, and social
and transportation infrastructure.
Vermeersch, Pam Gowling WLG
(905) 540-3247 pam.vermeersch@gowlingwlg.com
Ms. Vermeersch has a wide-ranging practice focused on M&A, corporate and
commercial law. Her experience includes advising on the acquisition of a
provider of nuclear products to the global health sciences market; advising
on the potential sale of a nuclear power station in Canada; negotiating
supply, distribution and other commercial agreements; and advising
on community energy projects.
Veilleux, Niko Fasken Martineau DuMoulin LLP
(514) 397-5236 nveilleux@fasken.com
Mr. Veilleux's practice focuses on public and private M&A, corporate finance,
securities and private equity/venture capital, notably complex cross-border
and multi-jurisdictional transactions. He advises on corporate governance
matters, as well.
Turner, Francis J. (Frank) Osler, Hoskin
& Harcourt LLP (403) 260-7017 fturner@osler.com
Mr. Turner specializes in M&A and corporate finance. He has significant
expertise advising international organizations, including state-owned
enterprises, sovereign wealth funds and public and private enterprises, on
acquisitions, investments and strategic alliances in Canada's energy sector.
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