Parkland closes $500M issuance, enters “at-the-market” distribution agreement

On April 11, 2016, Parkland Fuel Corp.(Parkland) filed a short-form base shelf prospectus for the issuance of a combined aggregate principal amount of $500 million of debt securities and common shares.

On June 3, 2016, Parkland announced that it had filed a prospectus supplement and entered into an “at-the-market” equity distribution agreement with Canaccord Genuity Corp., acting as sole agent, providing for the distribution of common shares having aggregate gross proceeds of up to $110 million, from time to time, until May 11, 2018.

The Parkland team was led by Pierre Magnan, Vice President, General Counsel and Corporate Secretary, and Tariq Remtulla, Legal Counsel, and supported by John Piasta and Elyse van Spronsen (capital markets) and Greg Johnson (tax) of Bennett Jones LLP.

Canaccord Genuity Corp. was advised by Dentons Canada LLP with a team comprising William Gilliland, Toby Allan and Jessica Myers (capital markets).