Four Seasons Hotel Inc. completed a public offering in Canada and the United States on September 22, 1999 of U.S. $570,020,000 of Liquid Yield Option™ Notes (“LYONs”) due 2029. The net proceeds to Four Seasons from the sale of the LYONs will be used to repay existing bank indebtedness and for general working capital purposes.
Canadian legal counsel was provided to Four Seasons by Jonathon Lampe, Sheila Forbes, Corine Smit (tax) and associates Sheldon Freeman and Steve Cohen of Goodman Phillips & Vineberg in Toronto.
Daniel Neff, David Katz and associates David Shapiro and Jean-Baptiste Dupuis of Wachtell, Lipton, Rosen & Katz in New York provided U.S. legal counsel. Acting for the underwriters Merrill Lynch & Co. were Jean Fraser, Clara Gonzalez-Martin, Andrew McGuffin (tax) and associates Cameron Negraiff and Jason Comerford of Osler, Hoskin & Harcourt LLP (Toronto) and, as U.S. counsel, Brice Voran, Lawrence Crouch (tax) and associates Chris Cummings and Dimitri Handera of Shearman & Sterling (Toronto).