Student Transportation Completes $50M Debenture Offering

On June 21, 2010, Student Transportation Inc. completed its offering of 6.75 per cent convertible subordinated unsecured debentures due June 30, 2015 at a price of $1,000 per debenture for total gross proceeds of $50 million. The offering was underwritten by a syndicate of underwriters led by Scotia Capital Inc. and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., TD Securities Inc., Wellington West Capital Markets Inc., Raymond James Ltd. and Cormark Securities Inc. The net proceeds from the offering will be used to repay indebtedness under the company's credit facilities and for general corporate purposes.

Student Transportation is North America's third-largest and fastest growing provider of school bus transportation services.

Student Transportation Inc. was represented by Goodmans LLP with a team that included Robert Vaux, Caroline Wang, Chat Ortved (corporate) and Jon Northup and Mark Biderman (tax); and by Robert Byrne of Byrne Law Office.

The underwriters were represented by Torys LLP with a team that included Kevin Morris, Alison Harnick (corporate) and Richard Johnson (tax).


Mark Biderman Robert H. Byrne Richard W. Johnson Caroline C.H. Wang Chat Ortved Kevin M. Morris Alison Harnick Jon Northup Robert Vaux


Goodmans LLP Byrne Law Office Torys LLP