Western Forest Products Completes Bought Deal Secondary Offering by Brookfield

Western Forest Products Inc. (TSX: WEF) (“Western”) and Brookfield Special Situations Management Limited (“Brookfield”), a wholly owned subsidiary of Brookfield Asset Management Inc., closed a bought deal secondary offering, through which Brookfield sold 62,500,000 non-voting shares of Western at an offering price of $1.20 per share (the “Offering”) for aggregate gross proceeds to Brookfield of $75,000,000.

The Offering was co-led by Scotiabank, CIBC World Markets Inc., and Goldman Sachs Canada Inc., and also included RBC Dominion Securities Inc., TD Securities Inc., BMO Nesbitt Burns Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc. and Raymond James Ltd.

Davis LLP was corporate counsel to Western, with a team led by David Reid and included Ruby Chan, Marc Philibert, Daniel Kenney, Don Collie, Keely Pegg (securities and corporate finance) and Michael Coburn (tax). Dorsey & Whitney LLP's Randal Jones and Lisa Luebeck (corporate finance and securities) were US counsel to Western.

Sarbjit Basra, Jason Saltzman and Richard Fridman of Davies Ward Phillips & Vineberg LLP were counsel to the Special Committee of Western's Board of Directors.

Brookfield was represented by its Senior Managing Partner and Counsel, Joseph Freedman, and by A.J. Silber, its Vice President, Legal Affairs.

Goodmans LLP represented the underwriters with a team that included Lawrence Chernin, Bill Gorman, Meenu Khindri-Patel and Lyndsay Hatlelid (corporate finance and securities) and Maureen Berry (tax).


Maureen Berry William (Bill) Gorman Ruby Chan Meenu Khindri Patel Marc Philibert Donald R. Collie David R. Reid Michael R. Coburn Sarbjit S. Basra Daniel E. Kenney Lawrence S. Chernin Jason M. Saltzman Richard Fridman


DLA Piper (Canada) LLP Dorsey & Whitney LLP Davies Ward Phillips & Vineberg LLP Goodmans LLP