On June 2, 2016, Gibson Energy Inc. completed an offering of 14,892,500 common shares, including the fully exercised over-allotment option of 1,942,500 common shares, at a price of $15.45 per common share and $100 million aggregate principal amount of 5.25 per cent unsecured subordinated debentures due July 15, 2021, for aggregate gross proceeds of $330,089,125.
The offering was completed by way of a prospectus supplement, which was dated May 26, 2016, to its base-shelf prospectus, which was dated April 13, 2015.
BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc. co-led a syndicate of underwriters (the Underwriters) which also included National Bank Financial Inc., Scotia Capital Inc., J.P. Morgan Securities Canada Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Merrill Lynch Canada Inc., AltaCorp Capital Inc., FirstEnergy Capital Corp., Peters & Co. Ltd., Canaccord Genuity Corp., CIBC World Markets Inc. and Raymond James Ltd.
Gibson Energy Inc. was represented by in-house counsel Jessica Ferguson.
Gibson energy was represented externally by Bennett Jones LLP.
The team from Bennett Jones comprised Will Osler, John Piasta, Elyse van Spronsen (capital markets) and Alan Rautenberg (tax).
The Underwriters were advised by Blake, Cassels & Graydon LLP.
The team from Blakes comprised Ross Bentley, Jeff Bakker, Trevor Rowles and Mike Proudfoot (capital markets).