John Macfarlane

Emera Inc. in the sale of its interest in the Labrador Island Link

Osler advised Emera Inc. in the sale of its minority equity interest in the Labrador Island Link, a critical energy transmission asset in Newfoundland and Labrador, to Kohlberg Kravis Roberts & Co. for a total transaction value of $1.19 billion. The transaction value was made up of $957...

Lead Office: Toronto Date Announced: Jun 4, 2024 Value: $1.19 billion

NOVA Chemicals Corporation in its Offering of US$400 million Senior Secured Notes and its Offering of US$650 million of Senior Unsecured Notes

Osler represented NOVA Chemicals Corporation (“NOVA”) in its 2023 private placement of US$400 million senior secured notes due 2028 (the “2028 Notes”) and its 2024 private placement of US$650 million senior unsecured notes due 2030(the “2030...

Lead Office: Toronto Date Closed: February 5, 2024 Value: US400 million and US$650 million

Emera Incorporated in its $500 million senior unsecured note financing

On May 2, 2023, Emera Incorporated completed its $500 million offering of 4.838% Senior Unsecured Notes due 2030. The Notes were offered through a syndicate of agents led by Scotia Capital Inc. and RBC Dominion Securities Inc., and included BMO Nesbitt Burns Inc., CIBC World Markets Inc., TD...

Lead Office: Toronto Date Closed: May 2, 2023 Value: $500 million

The Syndicate of Agents in AltaLink’s $275 million notes offering

On November 28, 2022,  AltaLink issued $275 million of 4.692% Senior Secured Notes due 2032 on a private placement basis, with a syndicate led by RBC Dominion Securities Inc., Scotia Capital Inc. and BMO Nesbitt Burns Inc. The proceeds from the offering will be used to repay or refinance...

Lead Office: Toronto Date Closed: November 28, 2022 Value: $275 million

The Underwriters in Enbridge Inc.’s US$1.5 billion offering of notes

On February 19, 2022, Enbridge completed its three tranche public offering consisting of US$400 million 2.15% senior notes, US$500 million 2.5% senior notes and US$600 million floating rate senior notes. The offerings have aggregate proceeds of approximately US$1.5 billion and were made...

Lead Office: Toronto Date Closed: February 19, 2022 Value: US$1.5 billion

Greater Toronto Airports Authority in its $400 million offering

On October 5, 2021, the Greater Toronto Airports Authority completed its $400 million 3.15% notes offering. The offering was made by a syndicate of agents led by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc., and included National Bank Financial...

Lead Office: Toronto Date Closed: October 5, 2021 Value: $400 million

The Underwriters in Enbridge Inc.’s US$1.5 billion public offering

On October 4, 2021, Enbridge Inc. completed its three tranche public offering consisting of US$500 million 3.4% senior notes, US$500 million 0.55% senior notes and US$500 million 1.6% senior notes. The offerings have aggregate proceeds of approximately US$1.5 billion and were made through a...

Lead Office: Toronto Date Closed: October 4, 2021 Value: US$1.5 billion

Emera Incorporated in its $225 million preferred share financing

On September 24, 2021, Emera Incorporated completed its $225 million preferred share financing of Series L preferred shares. The offering was made through a syndicate of underwriters with TD Securities Inc. and CIBC Capital Markets acting as joint bookrunners, and included RBC Capital...

Lead Office: Toronto Date Closed: September 24, 2021 Value: $225 million

The Syndicate of Dealers in AltaLink’s $225 million notes offering

On September 11, 2020,  AltaLink issued $225 million of 1.509% Senior Secured Notes due 2030 on a private placement basis, with a syndicate led by Scotia Capital Inc., RBC Dominion Securities Inc. and BMO Nesbitt Burns Inc. The proceeds from the offering will be used to repay $125...

Lead Office: Toronto Date Closed: September 11, 2020 Value: $225 million

Greater Toronto Airports Authority in its successful 2020 $6.9 billion bondholder consent solicitation

On July 23, 2020, the Greater Toronto Airports Authority (GTAA) successfully completed its $6.9 bondholder consent solicitation. The solicitation saw 94.55% of bondholders support an amendment to the Indenture governing the GTAA’s capital markets and bank indebtedness which...

Lead Office: Toronto Date Closed: July 23, 2020 Value: $6.9 billion