On January 25, 2005, Intrawest Corp., one of the world’s leading destination resort and adventure travel companies, completed its concurrent offers to exchange an aggregate principal amount of US$226 million of its 7.50 per cent senior notes due October 15, 2013 (US$ Notes) and an aggregate principal amount of C$125 million of its 6.875 per cent senior notes due October 15, 2009 (C$ Notes). The offers were made concurrently to holders of US$ Notes and C$ Notes, which were privately placed in the US and Canada in October 2004.
The exchange notes were registered in the US through the multijursidictional disclosure system under a registration statement on Form F-10 and qualified for distribution in BC, Ontario and Quebec pursuant to a final short-form prospectus.
Intrawest was represented by Richard Balfour, Michael Urbani and Ranj Sangra (business) and Chris Falk (tax) of McCarthy Tétrault LLP. Gary Kocher and Christopher Cunningham (securities), Charles Purcell (tax) and Darcie Christopher (securities and tax) of Preston Gates & Ellis LLP in Seattle acted as US counsel to Intrawest.