Torys

Brookfield Reinsurance Completes Acquisition of AEL

Retrieved on: 
Thursday, May 2, 2024
Oliver Cromwell, LLP, Torys, Martha Plimpton, BMO Capital Markets, Insurance, NEWS, TSX, Barclays, Growth, J. P. Morgan, Acquisition, DeBevoise, Brookfield (corporation), AEL, Sullivan & Cromwell, Cravath, Swaine & Moore, Financial services

BROOKFIELD, NEWS, May 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) and American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced the completion of Brookfield Reinsurance’s acquisition of AEL in a cash and stock transaction valued at $56.50 per AEL share.

Key Points: 
  • BROOKFIELD, NEWS, May 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) and American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced the completion of Brookfield Reinsurance’s acquisition of AEL in a cash and stock transaction valued at $56.50 per AEL share.
  • Jon Bayer, Managing Partner at Brookfield Reinsurance said, “We are excited to welcome AEL to our organization as we continue to grow, diversify and scale our retirement services capabilities.
  • Barclays served as lead financial advisor to Brookfield Reinsurance and BMO Capital Markets also acted as an advisor to Brookfield Reinsurance on this transaction.
  • Cravath, Swaine & Moore LLP served as legal advisor to Brookfield Reinsurance and Debevoise & Plimpton LLP served as Brookfield Reinsurance’s insurance legal counsel.

Equinox Gold Consolidates Ownership of the Greenstone Gold Mine Arranges Term Loan and Bought Deal Equity Financing

Retrieved on: 
Tuesday, April 23, 2024
Torys, Blake, Cassels & Graydon, Partnership, Form, National bank, Transaction, Mining, ATTN:, Indian stock exchange, News, SPA, RBC Capital Markets, TSX, Scotiabank, Gold, Telephone, Interest, Offering, System, Bank, National Bank of Canada, Sale, Bank of Montreal, BMO Capital Markets, Toronto Stock Exchange, Term loan, Register, Security (finance)

VANCOUVER, British Columbia, April 23, 2024 (GLOBE NEWSWIRE) -- Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) is pleased to announce that it has entered into a binding share purchase agreement (the “SPA”) with certain funds managed by Orion Mine Finance Management LP (“Orion”) to acquire Orion’s 40% interest in Greenstone Gold Mine GP Inc., giving Equinox Gold 100% ownership of the Greenstone Mine (“Greenstone”) in Ontario, Canada (the “Transaction”).

Key Points: 
  • Equinox Gold will fund the cash consideration with net proceeds from both a new $500 million three-year term loan and a bought deal equity financing of common shares of Equinox Gold for approximately $260 million.
  • Ross Beaty, Chairman of Equinox Gold, stated: “When we acquired our 60% interest in Greenstone in 2021, our goal was to ultimately own the whole mine.
  • The Term Loan will have a three-year term with no principal payments during the first two years.
  • RBC Capital Markets is acting as financial advisor and Torys LLP is serving as legal counsel to Orion.

TorQuest Partners Announces Strategic Minority Investment by RidgeLake Partners

Retrieved on: 
Tuesday, April 16, 2024
OA, LLP, Torys, Partnership, Kirkland & Ellis, Gibson Dunn, Entrepreneurship, Culture, Partner (business rank), Senior, Growth

TORONTO, April 16, 2024 /PRNewswire/ - TorQuest Partners, a Toronto-based private equity firm founded in 2002 with more than C$5 billion in equity capital under management, is pleased to announce that RidgeLake Partners ("RidgeLake") has made a passive, minority investment in the firm.

Key Points: 
  • TORONTO, April 16, 2024 /PRNewswire/ - TorQuest Partners, a Toronto-based private equity firm founded in 2002 with more than C$5 billion in equity capital under management, is pleased to announce that RidgeLake Partners ("RidgeLake") has made a passive, minority investment in the firm.
  • "RidgeLake's strategic investment is an important part of a broader, long-term succession plan that is presently underway at TorQuest," said Brent Belzberg, Founder and Senior Managing Partner at TorQuest Partners.
  • "RidgeLake affiliates have been investing with TorQuest since 2013 and have been trusted partners throughout the last decade.
  • "We have tremendous respect for the culture and depth of TorQuest and are excited to partner with and assist in the sustained growth of their investment platform," added Michael Lunt, co-head of RidgeLake Partners.

Alamos Gold Announces Friendly Acquisition of Argonaut Gold

Retrieved on: 
Wednesday, March 27, 2024
La Colorada, Immediate, Private, Growth, Agreement, Webcast, Par value, AGI, Gold, Torys, Scotiabank, Toronto Stock Exchange, Alamos Gold, Life, TSX, Mineral, Arrangement, Transaction

TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (“Alamos”) (TSX:AGI; NYSE:AGI) and Argonaut Gold Inc. (“Argonaut”) (TSX:AR) are pleased to announce that they have entered into a definitive agreement (the “Agreement”) whereby Alamos will acquire all of the issued and outstanding shares of Argonaut pursuant to a court approved plan of arrangement (the “Transaction”).

Key Points: 
  • TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (“Alamos”) (TSX:AGI; NYSE:AGI) and Argonaut Gold Inc. (“Argonaut”) (TSX:AR) are pleased to announce that they have entered into a definitive agreement (the “Agreement”) whereby Alamos will acquire all of the issued and outstanding shares of Argonaut pursuant to a court approved plan of arrangement (the “Transaction”).
  • As part of the Transaction, Alamos will acquire Argonaut’s Magino mine, located adjacent to its Island Gold mine in Ontario, Canada.
  • Under the terms of the Agreement, each Argonaut common share outstanding will be exchanged for 0.0185 Alamos common shares and 1 share of SpinCo2 (the “Exchange Ratio”).
  • Upon completion of the Transaction, existing Alamos and Argonaut shareholders will own approximately 95% and 5% of the pro forma company, respectively.

INDIGO AGREES TO BE TAKEN PRIVATE BY TRILOGY AT $2.50 PER SHARE

Retrieved on: 
Wednesday, April 3, 2024
Blake, Cassels & Graydon, BMO, Committee, Minority, Special, Chairperson, Torys, LLP, Effective interest rate, Attention, Toronto Stock Exchange, Suite, TSX, BMO Capital Markets, VWAP, IDG, Multilateral, Transaction, Security (finance)

TILP and TRHI are controlled by Mr. Gerald W. Schwartz, a member of the board of directors of the Company (the "Board").

Key Points: 
  • TILP and TRHI are controlled by Mr. Gerald W. Schwartz, a member of the board of directors of the Company (the "Board").
  • The cash premium transaction will provide Minority Shareholders with immediate and certain value that is expected to be higher than that realizable in the foreseeable future.
  • Mr. Dohle added, "Since its inception, Indigo has established itself as a cherished Canadian brand with an important leadership role in the Canadian publishing and bookselling industries.
  • To obtain a copy of the early warning report, please contact Trilogy, 161 Bay Street, 49th Floor, Toronto, ON, M5J 2S1, Attention: Lori Shapiro, 416-362-7711.

CONNOR, CLARK & LUNN INFRASTRUCTURE TO EXPAND RENEWABLE ENERGY PORTFOLIO WITH INVESTMENT IN 297 MEGAWATT ALBERTA WIND FARM

Retrieved on: 
Wednesday, February 14, 2024
EDP, EDPR, Torys, EDP Renováveis, Project, Enterprise value, Wind, EDP Renewables North America, Farm, CC, Renewable energy

"The Sharp Hills wind farm is an attractive addition to our increasingly diverse portfolio of infrastructure assets.

Key Points: 
  • "The Sharp Hills wind farm is an attractive addition to our increasingly diverse portfolio of infrastructure assets.
  • "CC&L Infrastructure has a long history and significant expertise as an owner of more than 80 clean energy projects.
  • "We're excited to partner again with CC&L Infrastructure, this time in Alberta," added Sandhya Ganapathy, CEO of EDP Renewables North America.
  • "The Sharp Hills project underscores our continuing commitment to invest in Alberta and contribute to its grid resiliency and energy security.

The Canadian National Emergency Preparedness and Climate Adaptation Convention to Take Place September 24-26, 2024 in Ottawa

Retrieved on: 
Tuesday, January 23, 2024
Team Rubicon, City, University, Robotics, Government, Senior advisor, University of Toronto, Doctor of Philosophy, Disaster, Climate, Municipal council, Continuity, Business development, GHD, Entrepreneurship, Intact Centre, Water, Emergency management, Climate change, Torys, ALTA, Continuity of government, State of emergency, Region, University of Waterloo, GlobalMedic, WSP, Sam, Exhibition, Pressure, York University, Private sector, Consultant, Shaw Centre

Calgary, ALTA, Canada, Jan. 23, 2024 (GLOBE NEWSWIRE) -- CALGARY, ALTA: (January 22, 2024) The Canadian National Emergency Preparedness and Climate Adaptation  Convention (CEPCA) presented by dmg events is launching its inaugural event September 24-26, 2024 at the Shaw Centre in Ottawa,  Ontario.

Key Points: 
  • Calgary, ALTA, Canada, Jan. 23, 2024 (GLOBE NEWSWIRE) -- CALGARY, ALTA: (January 22, 2024) The Canadian National Emergency Preparedness and Climate Adaptation  Convention (CEPCA) presented by dmg events is launching its inaugural event September 24-26, 2024 at the Shaw Centre in Ottawa,  Ontario.
  • The mission is to connect key stakeholders, private sector, government and Indigenous communities  together to discuss national-level risk assessment, emergency management plans, response plans to manage  disasters, climate adaptation strategies, and innovation and technology in emergency preparedness.
  • The Canadian National Emergency Preparedness and Climate Adaptation Convention is anticipated to  welcome over 6,000 attendees and will include an exhibition floor with over 250 exhibitors, a strategic  conference, technical conference and 1,500 conference delegates.
  • For more  information on the Canadian National Emergency Preparedness and Climate Adaptation Convention, please  visit emergencyexpo.com.

Minister Valdez announces appointments to BDC Board of Directors

Retrieved on: 
Monday, January 29, 2024
BDC, Corporation, Social media, Torys, Small business, Mergers and acquisitions, COVE, Growth, Management

OTTAWA, ON, Jan. 29, 2024 /CNW/ - Today, the Honourable Rechie Valdez, Minister of Small Business and Minister responsible for the Business Development Bank of Canada (BDC), announced four new appointments to BDC's Board of Directors, effective January 26, 2024.

Key Points: 
  • OTTAWA, ON, Jan. 29, 2024 /CNW/ - Today, the Honourable Rechie Valdez, Minister of Small Business and Minister responsible for the Business Development Bank of Canada (BDC), announced four new appointments to BDC's Board of Directors, effective January 26, 2024.
  • BDC is the nation's leading bank for Canadian entrepreneurs to help their businesses grow and succeed.
  • I wish all the new board members success in their new roles supporting businesses from coast to coast to coast."
  • – The Honourable Rechie Valdez, Minister of Small Business
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NOVA CHEMICALS CORPORATION ANNOUNCES EARLY TENDER RESULTS OF CASH TENDER OFFER FOR ITS 4.875% SENIOR NOTES DUE 2024

Retrieved on: 
Monday, November 27, 2023
Tender offer, Latham & Watkins, RBC, RBC Capital Markets, Toll, NOVA, Settlement, Tender, Torys, Date, Capital market, Nova Chemicals, Cryptocurrency

The Aggregate Maximum Principal Amount has been fully subscribed by the Notes tendered as of the Early Tender Date.

Key Points: 
  • The Aggregate Maximum Principal Amount has been fully subscribed by the Notes tendered as of the Early Tender Date.
  • NOVA Chemicals does not anticipate accepting for purchase any Notes validly tendered after the Early Tender Date.
  • NOVA Chemicals is making the Tender Offer only in those jurisdictions where it is legal to do so.
  • Copies of the Offer to Purchase are available to holders of Notes from Global Bondholder Services Corporation, the information and tender agent for the Tender Offer.

NOVA Chemicals Corporation Announces Pricing of Private Offering of $400 Million of Senior Secured Notes

Retrieved on: 
Thursday, November 9, 2023
Sale, Torys, HSBC, LLP, NOVA, Nova Chemicals, AB, SMBC Nikko Securities, National bank, Latham & Watkins, RBC Capital Markets, SEC Rule 144A, Regulation, News, Security (finance)

CALGARY, AB, Nov. 09, 2023 (GLOBE NEWSWIRE) -- NOVA Chemicals Corporation (the “Company”) announced today the pricing of a private offering of $400 million of senior secured notes, structured as 5-year non-call 2, which includes a special redemption feature to redeem up to 10% annually at 103% during the non-call period, due 2028 (the “2028 notes”).

Key Points: 
  • CALGARY, AB, Nov. 09, 2023 (GLOBE NEWSWIRE) -- NOVA Chemicals Corporation (the “Company”) announced today the pricing of a private offering of $400 million of senior secured notes, structured as 5-year non-call 2, which includes a special redemption feature to redeem up to 10% annually at 103% during the non-call period, due 2028 (the “2028 notes”).
  • Alongside the 2028 notes offering, the Company announced a tender offer and consent solicitation for $400 million of its $1,050 million 4.875%, senior notes due 2024 (the “2024 notes”).
  • The Company plans to use the net proceeds of the 2028 notes offering to redeem $400 million of 2024 notes, to pay fees and expenses related to the offering, and general corporate purposes.
  • The closing of the offering of the 2028 notes is expected to occur on November 28, 2023, subject to customary closing conditions.