|Date Announced:||April 18, 2017|
|Date Closed:||May 09, 2017|
|Client Name:||Parkland Fuel|
The net proceeds of the Common Share Offering and High Yield Offering will be used by Parkland to fund a portion of the costs to be incurred by Parkland in connection with its acquisition of all of the shares of Chevron Canada R&M ULC which operates the Canadian integrated downstream fuel business of Chevron Canada Ltd. for $1,460 million plus an estimated $186 million in working capital.
The Common Share Offering was completed by a syndicate of underwriters led by TD Securities Inc. and National Bank Financial Inc., as joint bookrunners, RBC Dominion Securities Inc., Scotia Capital Inc., CIBC World Markets Inc., BMO Nesbitt Burns Inc., AltaCorp Capital Inc. and Canaccord Genuity Corp.
The High Yield Offering was completed by a syndicate of underwriters led by TD Securities Inc., National Bank Financial Inc. and Merrill Lynch Canada Inc. as joint bookrunners and joint lead managers, Scotia Capital Inc. as joint lead manager, and RBC Dominion Securities Inc., CIBC World Markets Inc., BMO Nesbitt Burns Inc. and Wells Fargo Securities Canada, Ltd. as co-managers.