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Torys LLP

27 May 2025

Alaris completes $80 million 6.50% convertible debenture offering to repay debt and support investments

Deal TypePublic/Private Offering

IndustryBanking/Finance

Transaction Value$ 80,000,000

ClientsAlaris Equity Partners Income Trust, National Bank Financial Inc., CIBC World Markets Inc., Desjardins Securities Inc., Acumen Capital Finance Partners Limited, Raymond James Ltd., RBC Dominion Securities Inc., Scotia Capital Inc., Cormark Securities Inc.
27 May 2025

Franco-Nevada acquires US$1.05 billion royalty on Côté Gold Mine

Deal TypeMerger & Acquisition

IndustryMining

Transaction Value$ 1,430,000,000

ClientsFranco-Nevada Corporation, IAMGOLD Corporation, Sumitomo Metal Mining Co. Ltd.
23 May 2025

Vermilion sells Saskatchewan & Manitoba assets for $415 million

Deal TypeMerger & Acquisition

IndustryEnergy

Transaction Value$ 415,000,000

ClientsVermilion Energy Inc., Buyer (undisclosed)
20 May 2025

Manulife launches $500 million fixed/floating subordinated debenture offering

Deal TypePublic/Private Offering

IndustryBanking/Finance

Transaction Value$ 500,000,000

ClientsManulife Financial Corporation, RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Manulife Wealth Inc., Merrill Lynch Canada Inc., UBS Securities Canada Inc., BNP Paribas (Canada) Securities Inc., Desjardins Securities Inc., Raymond James Ltd.
16 May 2025

BCI completes $1.5 billion re-opening of its series 3 notes

Deal TypePublic/Private Offering

IndustryBanking/Finance

Transaction Value$ 1,500,000,000

ClientsBritish Columbia Investment Management Corporation, BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Desjardins Securities Inc., Scotia Capital Inc., TD Securities Inc., Laurentian Bank Securities Inc., National Bank Financial Inc.
15 May 2025

Hakim Optical restructures under CCAA amid store closures and liquidity crisis

Deal TypeOther

IndustryOther

Transaction ValueUndisclosed/Confidential

ClientsHakim Optical, KSV Advisory, 1001112855 Ontario Inc., Ivanhoe Cambridge et al., Richmond Highland, Cadillac Fairview, Paradise Lifetime Rogers
15 May 2025

CAPREIT launches $300 million at-the-market offering with TD Securities as agent

Deal TypePublic/Private Offering

IndustryOther

Transaction Value$ 300,000,000

ClientsCanadian Apartment Properties Real Estate Investment Trust (CAPREIT), TD Securities Inc.
15 May 2025

Strathcona proposes share-and-cash takeover of MEG Energy at $23.27 per share

Deal TypeMerger & Acquisition

IndustryEnergy

Transaction ValueUndisclosed/Confidential

ClientsStrathcona Resources Ltd., MEG Energy Corp.
14 May 2025

Brookfield Infrastructure Finance prices $250 million subordinated notes due 2055

Deal TypePublic/Private Offering

IndustryBanking/Finance

Transaction Value$ 250,000,000

ClientsBrookfield Infrastructure Finance ULC, CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Citigroup Global Markets Canada Inc., SMBC Nikko Securities Canada, Ltd., Société Générale Capital Canada Inc., Desjardins Securities Inc., iA Private Wealth Inc.
14 May 2025

Li-Cycle seeks CCAA protection amid cost overruns and liquidity crisis

Deal TypeOther

IndustryEnergy

Transaction ValueUndisclosed/Confidential

ClientsLi-Cycle Corp., Alvarez & Marsal Canada Inc., Glencore, Investors (undisclosed), Koch Strategic Platforms, United States Department of Energy, Citibank