Morguard Corporation Completes Public Offering

Morguard Corporation completed a public offering of $135-million aggregate principal amount of series A senior unsecured debentures bearing interest at a rate of 4.099 per cent per annum and maturing on December 10, 2018. The debentures were offered on an agency basis by a syndicate of agents with RBC Capital Markets and TD Securities Inc. acting as joint bookrunners and co-lead agents.

Morguard was represented by Stikeman Elliott LLP with a team that included William Braithwaite, David Weinberger, Adam Kline, Tim McCormick and Ryan Kirvan (corporate and securities), and Katy Pitch and Lindsay Gwyer (tax). Morguard was also represented by Beverley Flynn, General Counsel and Secretary of Morguard.

The agents were represented by Torys LLP, with a team that included Simon Knowling, Michael Zackheim and Christian Thatcher (corporate and securities); Grace Pereira (tax), Michael Fortier (environmental) and Richard Missaghie (real estate).