Silver Wheaton completes US$800M bought deal MJDS financing

On March 17, 2015, Silver Wheaton Corp. completed a bought deal common share offering pursuant to the multijurisdictional disclosure system (MJDS). An aggregate of 38,930,000 common shares were sold for aggregate gross proceeds of US$800 million. Silver Wheaton used the net proceeds to fund its acquisition of an additional 25 per cent gold stream from Vale S.A.’s Salobo Mine, located in Brazil. The offering was completed through a syndicate of underwriters led by Scotiabank and included BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Merrill Lynch Canada Inc., TD Securities Inc., GMP Securities L.P., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Canaccord Genuity Corp., HSBC Securities (Canada) Inc., Morgan Stanley Canada Ltd., Raymond James Ltd., UBS Securities Canada Inc., Credit Suisse Securities (Canada) Inc., Mitsubishi UFJ Securities (USA), Inc. and Salman Partners Inc. 

Silver Wheaton was represented in-house by Curt Bernardi (Senior Vice-President, Legal and Corporate Secretary) and Tamara Howarth (Senior Legal Counsel) and by Cassels Brock & Blackwell LLP with a team comprising Mark Bennett, Alex Iliopoulos, Jennifer Hansen, Andrew Spencer (securities and mining) and Matthew Peters (taxation). Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as US counsel to Silver Wheaton with a team that included Andrew Foley, Stephen Centa and Rebecca Vasluianu (corporate) and David Mayo (tax).

The underwriters were represented by Blake, Cassels & Graydon LLP in Canada with a team that included Bob Wooder, Kathleen Keilty, Ashley Baker, Michael Li, Iva Erceg and Evan Straight (securities) and Kevin Zimka (tax), and by Skadden, Arps, Slate, Meagher & Flom LLP in the US. 


Alexandra (Alex) Iliopoulos Mark T. Bennett Jen Hansen Bob J. Wooder Kathleen P. Keilty Ashley Baker Kevin Zimka