Recent Experience
Canadian Pacific Railway, in its public offering of $300-million aggregate principal amount of 3.05% notes due 2050.
Canadian Pacific Railway, in its public offering of US$500-million aggregate principal amount of 2.050% notes due 2030.
Canadian Utilities Limited, an ATCO company, in the sale of its entire Canadian fossil fuel-based electricity generation portfolio for approximately $835 million, which was completed in three stages, through the sale of its interest in the Cory project in Saskatchewan to SaskPower International Inc., a sale of its interest in the Brighton Beach project in Ontario to Ontario Power Generation Inc., and a sale of the balance of the applicable generation assets through a sale of its equity interest in ATCO Power Canada Ltd. to Heartland Generation Ltd., an affiliate of Energy Capital Partners.
Devon Canada Corporation and Devon Canada Crude Marketing Corporation, in their approx. $3.8-billion sale of substantially all of their assets to Canadian Natural Resources Limited.
Pacific Oil & Gas Limited, in its acquisition of all of the issued and outstanding shares of Canbriam Energy Inc. for cash consideration.
The acquisition by International Petroleum Corporation of BlackPearl Resources Inc. (with an estimated enterprise value of approximately $675 million) by way of a share exchange pursuant to a plan of arrangement under the Canada Business Corporations Act.
Morgan Stanley Energy Partners, in its investment in Specialized Desanders Inc., a leading oilfield equipment company.
The Board of Directors of Sears Canada, in Sears' CCAA proceedings, one of the largest court-supervised liquidations in Canadian history.
ESI Energy Services Inc., in the reorganization with shareholders of Exploratus Ltd. and listing of ESI common shares on the Canadian Securities Exchange.
DirectCash Payments Inc., in its US$460 million acquisition by Cardtronics plc.
Marquee Energy Ltd., in its business combination with Alberta Oilsands Inc. by way of court-approved plan of arrangement.
Lone Pine Resources Canada, in its acquisition of Arsenal Energy Inc. and concurrent reorganization into a Canadian public corporation, Prairie Provident Resources
Eagle Energy Trust, in its acquisition of Maple Leaf Royalties Corp. and concurrent conversion of Eagle into a publicly-traded dividend-paying corporation, Eagle Energy Inc.
Devon Energy Corp., in the sale of its 50-percent ownership interest in Access Pipeline to Wolf Midstream Inc., a portfolio company of Canada Pension Plan Investment Board, for C$1.4 billion.
Waste Connections, Inc., in an approximately $13 billion merger with Progressive Waste Solutions Ltd.
Sino-Forest Corporation, in the Restructuring Support Agreement between Sino-Forest and an ad hoc group of Sino-Forest's noteholders providing for a $1.8 billion restructuring pursuant to the Companies Creditors' Arrangement Act under which Sino-Forest's noteholders and other affected creditors would acquire substantially all of the assets of Sino-Forest.
Glencore International, in its acquisition of all the outstanding shares of Viterra for approximately $6.1 billion by way of a plan of arrangement and the sale of certain assets of Viterra to each of Agrium and Richardson International for aggregate proceeds of approximately $2.6 billion.
Shore Gold Inc., in a merger with Kensington
Resources Limited by plan of arrangement to create a consolidated
diamond exploration and development company with a market
capitalization of approximately $885 million at the time of
closing.
Cenovus Energy Inc., in the completion of a US$3.5 billion private offering of debt securities which are exempt from the registration requirements of the Securities Act of 1933 under Rule 144A and Regulation S and the subsequent exchange of such debt securities for debt securities registered under the Securities Act of 1933.
EnCana Corporation, which had an enterprise value of approximately US$50 billion, in its division into two independent publicly traded companies - one new EnCana Corporation, an unconventional natural gas company and the other Cenovus Energy Inc. an integrated oil company.
ATCO Ltd., in the negotiation, structuring and other commercial matters relating to ATCO entering into a strategic alliance with Wipro including 10-year master service agreements governing the provision of IT services by Wipro to the ATCO Group of Companies valued at approximately $1.2 billion.
EOG Resources, Inc., one of the largest independent North American oil and natural gas exploration and production companies, in a divestment of all of its assets in Manitoba and certain assets in Alberta through two separate transactions for approximately US $410 million.
Precision Castparts Corp., in its US$560 million acquisition of Noranco from MidOcean Partners and PSP Investments.
TELUS Corporation in its proposed reorganization into an income trust
Anderson Energy Ltd., an Alberta-based oil and gas company, in its acquisition by Freehold Royalties Ltd. and related reorganization pursuant to a plan of arrangement.
Bennett Jones
