|Date Announced:||May 16, 2017|
|Date Closed:||May 19, 2017|
|Client Name:||North West Redwater Partnership|
On May 19, 2017, North West Redwater Partnership completed a private placement of $1,500,000,000 aggregate principal amount of senior secured bonds, $750,000,000 aggregate principal amount of 2.80% Series J senior secured bonds due June 1, 2027 and $750,000,000 aggregate principal amount of 3.65% Series K senior secured bonds due June 1, 2035.
The bonds were offered through a syndicate of investment dealers co-led by RBC Dominion Securities and TD Securities Inc. and included CIBC World Markets Inc., J.P. Morgan Securities Canada Inc., BMO Nesbitt Burns Inc., Barclays Capital Canada Inc., Citigroup Global Markets Canada Inc., Merrill Lynch Canada Inc., MUFG Securities (Canada), Ltd., Scotia Capital Inc., Desjardins Securities Inc., AltaCorp Capital Inc., National Bank Financial Inc. and Casgrain & Company Limited.
Bennett Jones acted as counsel to North West Redwater Partnership and was led by Darrell Peterson (Capital Markets), together with a team that included Phil Backman, Q.C. (Financial Services), Kahlan Mills and Kristopher Simard (Capital Markets).