On November 18, 2024, NOVA Chemical Corporation (NOVA) announced the pricing of a private offering of US$400 million of senior unsecured notes. These notes are structured as 7-year non-call 3 years and an interest rate of 7% per annum. TD Securities (USA) LLC acted as lead bookrunner, and RBC Capital Markets, LLC, HSBC Securities (USA) Inc., Scotia Capital (USA) Inc., Morgan Stanley & Co. LLC, PNC Capital Markets LLC, CIBC World Markets Corp., National Bank of Canada Financial Inc., ATB Capital Markets Inc., MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc. and Loop Capital Markets LLC acted as Joint Bookrunners. NOVA plans on utilizing the proceeds towards its senior secured-term loan facility and expenses regarding the offering.
NOVA Chemicals Corporation operates as a North American petrochemical company.
Osler, Hoskin & Harcourt LLP advised NOVA Chemical Corporation with a team consisting of John Macfarlane and Sandra Malcolm (Corporate), Richard Borins and Aya Refaat (Financial Services), Kaeleigh Kuzma (Competition, Trade and Foreign Investment), Alan Kenigsberg, David Davachi and James Chang (Tax).
Key Contact
Partner, Corporate, Toronto
Team
Counsel, Corporate, Toronto
Partner, Financial Services, Toronto
Associate, Financial Services, Toronto
Partner, Competition/Antitrust and Foreign Investment, Calgary
Partner, Tax, Toronto
Partner, Tax, Toronto
Associate, Tax, Toronto
