On February 2, 2006, Jazz Air Income Fund completed its initial public offering. The offering, which raised gross proceeds of $235 million representing an ownership interest of 19.1 per cent by the fund in Jazz Air LP (Jazz), was underwritten by a syndicate co-led by CIBC World Markets Inc. and RBC Capital Markets, and was accompanied by the establishment of senior secured credit facilities in the amount of $150 million with a syndicate of financial institutions led by the Royal Bank of Canada. ACE Aviation Holdings Inc. retained a majority interest of 80.9 per cent in Jazz.
In connection with the offering, ACE was represented by Sydney John Isaacs, senior vice-president, corporate development and chief legal officer. ACE, Jazz and the Fund were represented by a team from Stikeman Elliott LLP's Montreal and Toronto offices, which included Jean Marc Huot, France Margaret Bélanger, Robert Carelli, David Massé and Jean Dufour-Neyron (securities), Howard Rosenoff, Gayle Noble, Maxime Turcotte and Nicole Charalambous (corporate), Ron Ferguson and Kenton Rein (financing), Brenda Hebert and Valérie Mac-Seing (real estate), Jonathan Melmed and Gil Michel-Garcia (US securities law) and Robert Hogan, Roanne Bratz and Frank Mathieu (tax).
Underwriters of the securities offering and banking facility were represented by a team from Osler, Hoskin & Harcourt LLP's Montreal, Toronto and New York offices, which included Robert Yalden, Chris Murray, Matthew Starnes, Joseph Cosentino and Max Rogan (corporate/securities), Robert Lando and Melanie Fitzpatrick (cross-border), Michael Matheson, Constantine Troulis, Mark Rasile and Danna Donald (financial services) and Elaine Marchand and Didier Fréchette (tax).
In connection with the offering, ACE was represented by Sydney John Isaacs, senior vice-president, corporate development and chief legal officer. ACE, Jazz and the Fund were represented by a team from Stikeman Elliott LLP's Montreal and Toronto offices, which included Jean Marc Huot, France Margaret Bélanger, Robert Carelli, David Massé and Jean Dufour-Neyron (securities), Howard Rosenoff, Gayle Noble, Maxime Turcotte and Nicole Charalambous (corporate), Ron Ferguson and Kenton Rein (financing), Brenda Hebert and Valérie Mac-Seing (real estate), Jonathan Melmed and Gil Michel-Garcia (US securities law) and Robert Hogan, Roanne Bratz and Frank Mathieu (tax).
Underwriters of the securities offering and banking facility were represented by a team from Osler, Hoskin & Harcourt LLP's Montreal, Toronto and New York offices, which included Robert Yalden, Chris Murray, Matthew Starnes, Joseph Cosentino and Max Rogan (corporate/securities), Robert Lando and Melanie Fitzpatrick (cross-border), Michael Matheson, Constantine Troulis, Mark Rasile and Danna Donald (financial services) and Elaine Marchand and Didier Fréchette (tax).
