Joyce M. Bernasek

Chemtrade Logistics Income Fund in its $110 million public offering of convertible debentures

On March 8, 2023, Chemtrade Logistics Income Fund completed a public offering of $100 million principal amount of 7.00% convertible unsecured subordinated debentures due June 30, 2028. The debentures were sold on a bought deal basis to a group of underwriters led by Scotiabank, TD Securities...

Lead Office: Toronto Date Closed: March 8, 2023 Value: $110 million

Chemtrade Logistics Income Fund in its $86.5 million bought deal equity offering

On August 22, 2022, Chemtrade Logistics Income Fund (“Chemtrade”) completed a public bought deal offering of trust units. The underwriters elected to exercise the over-allotment option in full, resulting in a total of 10,005,000 trust units being issued for gross proceeds of...

Lead Office: Toronto Date Closed: August 22, 2022 Value: $86.5 million

Symplicity in its acquisition of Orbis Communications

On December 6, 2021, Symplicity Corporation announced its acquisition of Orbis Communications. With this acquisition, Symplicity will expand its market share of universities and operations in the country, and will offer a more expansive employer network to Canadian universities. Symplicity...

Lead Office: Toronto Date Closed: December 6, 2021 Value: -

Apollo Global Management in its $3.3 billion acquisition of Great Canadian Gaming Corporation

On September 22, 2021, Apollo Global Management completed its acquisition of Great Canadian Gaming Corporation for a total value of $3.3 billion. Under the transaction, Apollo Funds acquired all the outstanding shares of Great Canadian for C$45 per share in cash. The transaction will enable Apollo...

Lead Office: Toronto Date Closed: September 22, 2021 Value: $3.3 billion

Bank of Montreal in its $15 million credit facility agreements with Royal Canadian Mortgage Investment Corporation and Royal Canadian 1st Mortgage Investment Corporation

On June 30, 2021, Bank of Montreal announced a $10 million credit facility agreement with Royal Canadian Mortgage Investment Corporation and a $5 million credit facility agreement with Royal Canadian 1^st Mortgage Investment Corporation. The Bank of Montreal is a Canadian...

Lead Office: Toronto Date Closed: June 30, 2021 Value: $15 million

Credit Suisse in its capacity as agent for the first lien lenders to Dominion Diamond Mines ULC

On April 21, 2021, Dominion Diamond Mines ULC was granted protection under the Companies’ Creditors Arrangement Act. Credit Suisse AG, Caymen Islands Branch, was named agent for the first lien lenders to Dominion. Following a failed sale transaction that resulted from Dominion’s sale and...

Lead Office: Toronto Date Closed: April 21, 2021 Value: -

CURO in its acquisition of Flexiti Financial

On February 1, 2021, CURO Group Holdings Corp. (CURO) announced that it had agreed to acquire FLX Holding Corp. and its operating subsidiary, Flexiti Financial Inc. (Flexiti) for CAD $108.6 million, plus earn-out amounts of up to CAD $46.5 million. The transaction is expected to close in...

Lead Office: Toronto Date Closed: March 10, 2021 Value: $155.1 million

Ad Hoc Term Lender Group in Covia’s emergence from creditor protection

On December 31, 2020, Covia announced its emergence from creditor protection. After voluntarily filing for Chapter 11 in U.S. Bankruptcy Court for the Southern District of Texas, Covia entered into a restructuring agreement with the ad hoc term lenders group and successfully restructured...

Lead Office: Toronto Date Closed: December 31, 2020 Value: -

KingSett Capital in its sale of VersaCold Logistics to TorQuest Partners

On December 16, 2020, TorQuest Partners announced its acquisition of VersaCold Logistics Services from KingSett Capital and Ivanhoe Cambridge along with various significant lease transactions and lease disputes. TorQuest partnered with The Investment Management Corporation of Ontario (IMCO) and...

Lead Office: Toronto Date Closed: December 16, 2020 Value: -

Andrew Peller Limited in its secured credit facility

On December 8, 2020, Andrew Peller Ltd completed the refinancing of its $350 million syndicated credit facilities with the Bank of Montreal acting as the Administrative Agent.  Andrew Peller Ltd is a leading producer and marketer of wines in Canada. Focused on its wineries in...

Lead Office: Toronto Date Closed: December 8, 2020 Value: $350 million