Kruger Products Completes $175M High Yeild Note Offering

Kruger Products L.P. completed an offering by way of private placement of $175,000,000 aggregate principal amount of 8 per cent senior unsecured notes due August 9, 2018. The net proceeds from the offering were used to repay certain outstanding indebtedness of Kruger Products and for general corporate purposes. The offering was underwritten by a syndicate of underwriters led by Scotia Capital Inc. (as sole book-runner) and included National Bank Financial Inc., RBC Dominion Securities Inc., TD Securities Inc., Merrill Lynch Canada Inc., CIBC World Markets Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc. and Laurentian Bank Securities Inc.

Kruger Products was represented by the Montréal office of McCarthy Tétrault LLP with a team that included Iain Scott, George Maziotis, Fraser Bourne, Laurent Gauthier and David Letourneau (corporate and securities); Marie-France Gagnon (financial services) and Christian Meighen (tax).

The underwriters were represented by Stikeman Elliott LLP in Toronto with a team which included D'Arcy Nordick, Ruth Elnekave and Warren Ng (corporate and securities) and Jill Winton (tax).


Fraser Bourne Ruth Elnekave Marie-France Gagnon Jill Winton Laurent Gauthier George Maziotis Iain C. Scott