Laurentian Bank of Canada completes $144M public offering

On January 16, 2018, Laurentian Bank of Canada (the Bank) completed a public offering of 2,624,300 common shares (the Shares), which included the exercise in full of the over-allotment option granted to the underwriters. The Shares were priced at $54.80 per Share for aggregate gross proceeds of $143,811,640. The offering was made pursuant to the Bank’s short form base shelf prospectus dated December 20, 2016, and the Bank’s prospectus supplement dated January 9, 2018, which were filed with the securities regulatory authorities in all provinces of Canada.

The syndicate of underwriters, led by TD Securities Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc., was also comprised of Laurentian Bank Securities Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Desjardins Securities Inc., Scotia Capital Inc., Barclays Capital Canada Inc., Canaccord Genuity Corp. and Cormark Securities Inc.

The Bank was represented in-house by Christian Marcoux, Vice-President, Legal Affairs and Secretary, and Vanessa Romano, Legal Counsel and Assistant Secretary. Norton Rose Fulbright Canada LLP was cousel to the Bank with a team that included Solomon Sananes, Michelle Felsky, Thomas Charest-Girard and Sarah Leclerc (corporate/securities) and Derek Chiasson (tax).

Fasken Martineau DuMoulin LLP acted as counsel to the underwriters with a team that included Jean-Pierre Chamberland and Sébastien Bellefleur (corporate/securities) and Ryan Rabinovitch (tax).

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