Veresen Completes Public Offering of Preferred Shares

Veresen Inc. completed a public offering of six million Cumulative Redeemable Preferred Shares, Series C at a price of $25 per share representing aggregate gross proceeds of $150 million. The net proceeds of the offering were used to reduce the company's indebtedness under its revolving credit facility.
The offering was made through a syndicate of underwriters co-led by Scotia Capital Inc., TD Securities Inc., and CIBC World Markets Inc., which included RBC Capital Markets, BMO Capital Markets, and National Bank Financial Inc.

Veresen Inc. was represented by Kevan King, senior vice president, general counsel and secretary; and Autumn Howell, senior legal counsel; and by Bennett Jones LLP with a team led by Renee Ratke (capital markets) and including Kahlan Mills, Juliamai Giffen and Tommy Wong (capital markets) and Darcy Moch (tax).

The underwriters were represented by Blake, Cassels & Graydon LLP with a team led by Dan McLeod (capital markets), which included Sarah Gingrich, Chris Salamon and Perry Feldman (capital markets) and Carrie Aiken (tax).


Kahlan K. Mills Autumn Howell Darcy D. Moch Daniel John McLeod Kevan S. King Renée M. Ratke Sarah A. Gingrich Carrie Aiken Chris Salamon Juliamai Giffen