Rick Fullerton

Manulife Financial Corporation in its largest Canadian Universal Life reinsurance transaction valued at $5.8 billion

On March 25, 2024, Manulife Financial Corporation announced its agreement to reinsure $5.8 billion of reserves of law ROE Canadian Universal Life Block to RGA Life Reinsurance Company of Canada. This represents the largest Universal Life reinsurance transaction within the Canadian insurance...

Lead Office: Toronto Date Announced: Mar 25, 2024 Value: $5.8 billion

Float in its closing of a $50 million credit facility from Silicon Valley Bank

On February 13, 2024, Float announced that it closed a $50 million credit facility from Silicon Valley Bank. This capital will allow for Float to expand its no-personal-guarantee credit program, Charge Card, which will offer small and medium sized businesses up to 30 days of interest-free...

Lead Office: Toronto Date Announced: Feb 13, 2024 Value: $50 million

Ratehub in its investment by Novacap

On July 14, 2022, Ratehub Inc. announced its investment by Novacap, a leading North American private equity firm. The partnership will improve Ratehub’s services and assist in solidifying their position in the financial technology industry.Ratehub Inc. is Canada's leading platform...

Lead Office: Toronto Date Closed: July 14, 2022 Value: --

Laurentian Bank in its inaugural LRCN offering

On May 7, 2021, Laurentian Bank of Canada completed its inaugural offering of $125 million aggregate principal amount of 5.30% Limited Recourse Capital Notes (LRCNs). The offering was made through a syndicate of agents co-led by Laurentian Bank Securities and CIBC Capital Markets acting as...

Lead Office: Toronto Date Closed: May 7, 2021 Value: $125 million

The Bank of Nova Scotia in its US$1.25 billion senior notes offering

On April 17, 2020, The Bank of Nova Scotia completed its US$1.25 billion offering. The 1.625% senior unsubordinated unsecured notes are due 2023 and the proceeds will be used for general corporate purposes. The Bank of Nova Scotia is a leading financial institution in Canada and a financial...

Lead Office: Toronto Date Closed: April 17, 2020 Value: US $1.25 billion

BMO in its US$500 million inaugural additional Tier 1 note offering

On July 23, 2019, the Bank of Montreal (“BMO”) announced its US$500 million inaugural offering of additional Tier 1 notes. This relatively new form of capital expands the scope of available investor markets to Canadian banks. The coupon of 4.80% represents the strength of...

Lead Office: Toronto Date Closed: -- Value: US$500 million

FundThrough in its $34 million Series A financing

On June 19, 2018, FundThrough announced that it has secured $9 million in equity funding and a new $25 million credit facility. The Series A financing round was led by David Mirvish and ScaleUP Ventures and the credit facility was provided by Intercap Inc. FundThrough plans to use the...

Lead Office: Toronto Date Closed: June 19, 2018 Value: $34 million

Borrowell Inc. in connection with its $12 million Series A round of financing led by Portag3 Ventures LP, Equitable Bank and White Star Capital and $45 million in new credit facilities provided by Concentra and FirstOntario Credit Union

Borrowell completed its $57 million in financing, consisting of $12 million (CAD) in equity funding and $45 million in new credit facilities. The Series A equity round is being led by Portag3 Ventures LP, Equitable Bank and White Star Capital, with participation by FirstOntario Credit...

Lead Office: Toronto Date Closed: June 1, 2017 Value: $57 million