LEXPERT MAGAZINE
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SEPTEMBER 2017 23
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CORPORATE TRANSACTIONS OF IMPORTANCE
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interest in the Canadian business through
its ownership interest in KMCLP and all
of the 242,058,000 special voting shares
of KML, representing 70 per cent of the
voting shares in KML. e IPO was com-
pleted through a syndicate of underwriters
co-led and joint bookrun by TD Securities
and RBC Capital Markets.
Additionally, on June 16, 2017, KML,
indirectly through its affiliates, entered
into definitive agreements establishing a
$4-billion revolving construction credit
facility for the purposes of funding the de-
velopment, construction and completion
of the Trans Mountain expansion project,
a $1-billion revolving contingent credit
facility for the purposes of funding, if nec-
essary, additional Trans Mountain expan-
sion project costs and a $500-million re-
volving working capital facility. e facility
is available for general corporate purposes,
including working capital.
KMI's in-house legal team on the IPO
and bank financing included David De-
Veau, Adam Forman, Angela Teer, Mela-
nie Blair and Nathan Zaseybida. KMI
and KML were represented on the IPO
by Blake, Cassels & Graydon LLP with
a team that included Chad Schneider,
Olga Kary, Jennifer Marshall and Kath-
leen Cloutier (securities), Carrie Aiken
and Robert Kopstein (tax), and Mungo
Hardwicke-Brown, Ky Kvisle, Keith By-
blow, Todd McRae, Kevin Kerr and Garett
Morin (corporate/energy). US legal assis-
tance on the IPO was provided to KML
by Weil, Gotshal & Manges LLP, with a
team including Michael Aiello, Alexander
Lynch and Alexander Horstmann, and to
KMI by Troy Harder and Kathy Medford
of Bracewell LLP.
e underwriters of the IPO were rep-
resented by Osler, Hoskin & Harcourt
LLP, with a team including Frank Turner,
Ed Tapuska, Desmond Lee, Jason Comer-
ford, Daniel Zuniga and Lily Liu (securi-
ties), Jack Silverson (tax), and Martin Igna-
siuk and Sander Duncanson (regulatory).
Chris Cummings and Christian Kurtz
of Paul, Weiss, Riind, Wharton &
Garrison LLP provided US advice to the
underwriters on the transaction.
Blake, Cassels & Graydon LLP assist-
ed KML in implementing the credit fa-
cilities with a team consisting of Michael
McIntosh, Andrew Kolody, James Des-
jardins and Rodney Perkins. e lenders
under the credit facilities were represented
by Torys LLP with a team which includ-
ed Kevin Fougere, Jonathan Weisz, David
Kolesar and Tyrel Henderson. Heather
Brown and Jennifer Necas of Bracewell
LLP provided US advice to Kinder Mor-
gan on the banking matters.
REAL MATTERS
COMPLETES IPO
CLOSING DATE: MAY 11, 2017
On May 11, 2017, Real Matters Inc. (Real
Matters) successfully closed its initial
Master the Law.
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