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CORPORATE TRANSACTIONS OF IMPORTANCE
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greenhouse operator (the Partner) to develop
1.3 million sq. . of greenhouse growing ca-
pacity in British Columbia with an exclusive
option to develop a further 1.7 million sq. .
of existing greenhouse infrastructure at a sec-
ond BC location.
Canopy Growth owns 66 2/3 per cent of
BC Tweed. To fund the development of BC
Tweed, Canopy Growth will contribute, in
multiple tranches, an aggregate of $20 mil-
lion in cash (of which approximately $1 mil-
lion was advanced at closing), in exchange
for Class A Preferred Shares with cumulative
preferred dividends.
BC Tweed significantly supplements Can-
opy Growth's industry leading production
portfolio, and positions Canopy Growth
with production and distribution facilities
from coast to coast across the country.
is joint venture will increase the total
pro-forma greenhouse production footprint
at Canopy Growth operation to approxi-
mately 2.3 million sq. ., and includes an ex-
clusive option to bring that footprint to 4.0
million sq. .
As consideration for entering into and
operating BC Tweed, Canopy Growth will,
based upon various milestones and subject to
required regulatory and stock exchange ap-
provals, issue the Partner 310,316 common
shares of Canopy Growth over two tranches
and a further $2.75 million of common
shares in two remaining tranches.
Cassels Brock & Blackwell LLP acted
for Canopy Growth Corporation with a deal
team composed of John Vettese, Cathy Mer-
cer, Jonathan Sherman and Amanda Metallo
(business, securities, cannabis and M&A),
and Rob Lysy (real estate and cannabis).
e Partner was represented by Mogan
Daniels Slager LLP with a deal team that
included Ben Slager and Andrew Bull.
Consumer Goods Consumer Goods Consumer Goods
MATTEL ENTERS
US$1.6B CREDIT FACILITY
WITH BANK OF AMERICA
CLOSING DATE: DECEMBER 20, 2017
On December 20, 2017, Bank of America,
N.A. entered into a senior secured revolv-
ing credit facility (the Credit Facility) in the
amount of US$1,600,000,000 in favour of
Mattel, Inc. (the Company) and certain of
its subsidiaries.
e Credit Facility provides for
$1,600,000,000 in aggregate principal
amount of senior secured revolving credit
facilities, consisting of an asset-based lend-
ing facility with aggregate commitments of
$1,306,000,000 and a revolving credit facil-
ity with $294,000,000 in aggregate commit-
ments secured by certain fixed assets and in-
tellectual property of the US borrowers and
certain equity interests in various subsidiar-
ies of the Company.
Mattel, Inc. designs, manufactures and
markets a broad variety of toy products
worldwide, which are sold to its customers
and directly to consumers.
Mattel is the owner of a portfolio of global
brands and its products are among the most
widely recognized toy products in the world,
including American Girl®, Barbie®, Fisher-
Price®, Hot Wheels® and omas & Friends™.
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