LEXPERT MAGAZINE
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JULY/AUGUST 2017 21
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CORPORATE TRANSACTIONS OF IMPORTANCE
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Nicole Field and Andrew Imber (tax). Grant
Macdonald and Gareth Howells of Mac-
donald & Company acted as Yukon counsel
to ExxonMobil.
Sheree Ford, Daniel Murnane and Abi
Uthayachandran represented InterOil in-
house. Goodmans LLP represented In-
terOil in Canada with a team led by Robert
Vaux and Jamie van Diepen (corporate/
M&A), Alan Mark, Tom Friedland and
Melanie Ouanounou and Ryan Cookson
(litigation) and Mitchell Sherman, Jon Nor-
thup and Ken Saddington (tax). Wachtell,
Lipton Rosen & Katz LLP represented In-
terOil in the United States with a team led by
David Katz and that included Jenna Levine,
Sara Lewis, Kendall Handler and Chelsea
Darnell (corporate/M&A), and Eiko Stange
and David Sturgeon (tax).
Pipelines
Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce Construction & Engineering
Consumer Staples
SIRIUS XM CANADA
COMPLETES RECAPITALIZATION
AND GO-PRIVATE TRANSACTION
CLOSING DATE: MAY 25, 2017
On May 25, 2017, Sirius XM Canada Hold-
ings Inc. completed its statutory plan of
arrangement whereby all its shares were ac-
quired by a corporation, 2517835 Ontario
Inc., which is owned by Slaight Communi-
cations Inc., Obelysk Media Inc. and Sirius
XM Radio Inc.
Sirius XM Canada Holdings also an-
nounced that it will be redeeming all of its
outstanding 5.625-per-cent senior unsecured
notes due April 23, 2021, at a redemption
price equal to 102.813 per cent of the prin-
cipal amount of the Existing Notes plus ac-
crued and unpaid interest.
e arrangement, which was announced
on May 13, 2016, was approved at the spe-
cial meeting of shareholders held on August
30, 2016, by the Ontario Superior Court of
Justice (Commercial List) on September 6,
2016, and by the Canadian Radio-television
and Telecommunications Commission on
April 26, 2017.
Sirius XM Canada Holdings Inc. oper-
ates as SiriusXM Canada. With more than
2.8 million subscribers, SiriusXM Canada
is the country's leading audio entertainment
company. It broadcasts more than 130 satel-
lite radio channels featuring premier sports,
news, talk, entertainment and music.
Stikeman Elliott LLP was deal counsel
to Sirius XM Canada Holdings Inc. Blake,
Cassels & Graydon LLP was counsel to the
Special Committee of the Board. Fasken
Martineau DuMoulin LLP was its regula-
tory counsel.
Stikeman Elliott's team included Dee Ra-
jpal, Ryan Kirvan and Charlie McDonald
(M&A/corporate), John Lorito and Lindsay
Gwyer (tax), Alex Rose (litigation) and Mi-
chael Kilby (competition).
Sirius XM Canada Holdings Inc. was also
represented by its Senior Vice President &
General Counsel, Oliver Jaakkola, and its
Director, Legal & Regulatory, Christopher
Ferguson.
e Blakes team included Michael Gans,
Shlomi Feiner and Jacquie LaBine (securi-
ties) and Seumas Woods (litigation).
e Fasken Martineau team included
Stephen Whitehead, Scott Prescott and
Yael Wexler.
Norton Rose Fulbright Canada LLP
advised Sirius XM Radio Inc. and Sirius XM
Canada Holdings Inc. with a team that in-
cluded Ava Yaskiel, Robert Mason, Adrienne
Oliver, Martin Masse and Janet Wong.
Sirius XM Radio Inc. was also represented
by its EVP, General Counsel & Corporate
Secretary, Patrick Donnelly, and its SVP &
Deputy General Counsel, Ruth Ziegler.
McCarthy Tétrault LLP was counsel to
Canada Broadcasting Corp. with a team that
included David Woollcombe and Clemens
Mayr (M&A/securities).
Torys LLP represented National Bank
Financial as financial advisor to Sirius XM
Canada Holdings Inc. with a team that in-
cluded John Emanoilidis and Josh Lavine.
L.F. WADE INTERNATIONAL
AIRPORT REDEVELOPMENT
PROJECT REACHES
FINANCIAL CLOSE
CLOSING DATE: MARCH 15, 2017
On March 15, 2017, the L.F. Wade Inter-
national Airport Redevelopment Project in
Bermuda achieved commercial and finan-
cial close. is project is being implemented
under a framework agreement between the
Government of Bermuda and the Canadian
Commercial Corp. (CCC). Under the agree-
ment, CCC will, through its subcontract
with a subsidiary of Aecon Group, design
and construct a new passenger terminal and
related infrastructure under a fixed price,
date-guaranteed design and construction
contract valued at US$274 million.
Bermuda Skyport Corp. Ltd. (Skyport), a
wholly owned subsidiary of Aecon Conces-
sions, financed the design and construction
with a US$285-million fixed-coupon US
private placement and will assume opera-
tion and maintenance of the airport over a
30-year concession term. Construction of
the new terminal begins in April 2017 and is
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