Invesque Inc. completes US$50M bought deal offering

Invesque Inc. (TSX:IVQ.U) (“Invesque”) completed an offering of US$50 million aggregate principal amount of 6.00% convertible unsecured subordinated debentures of Invesque due September 30, 2023. The offering was underwritten by a syndicate of underwriters led by BMO Capital Markets, National Bank Financial Inc. and CIBC Capital Markets and included Canaccord Genuity Corp., Scotia Capital Inc., Raymond James Ltd., TD Securities Inc., Echelon Wealth Partners Inc., Industrial Alliance Securities Inc. and Desjardins Securities Inc.

Invesque Inc. is a North American health care real estate company with a growing portfolio of high quality properties located in the United States and Canada and operated by best-in-class senior living and care operators primarily under long-term leases and joint ventures.

Invesque was represented in-house by Azin Lotfi, General Counsel, and externally by Goodmans LLP with a team that was led by Jon Northup and Mark Spiro and included Matt Prager and Bryan Flatt (Securities), and Michael Royal (Tax).

The Underwriters were represented by Blake, Cassels & Graydon LLP with a team that included Will Fung, Eric Moncik, Raees Nakhuda and Andrew Wang (Securities), and Paul Stepak and Josh Jones (Tax).