Intrawest Completes Private Placement of Senior Notes

Vancouver-based Intrawest Corporation completed a private placement of US$137 million aggregate principal amount of 10.5 per cent senior notes due February 1, 2010. The syndicate of initial purchasers was led by Deutsche Bank Securities Inc., and co-led by Scotia Capital (USA) Inc. The syndicate also included Goldman, Sachs & Co., CIBC World Markets Corp., Credit Lyonnais Securities (USA) Inc. and TD Securities (USA) Inc. The deal closed on September 18, 2002.
Intrawest was represented by Richard Balfour, Michael Urbani and Darren Watt (business) and Michael Quigley and Chris Falk (tax) of McCarthy Tétrault LLP. Christopher Cunningham and Ben Orndorff of Preston Gates & Ellis LLP in Seattle acted as U.S. counsel to Intrawest. The initial purchasers were represented by Brice Voran, Christopher Cummings, Nancy Hoi Bertrand and Julian Fletcher of Shearman & Sterling in Toronto.