199 Bay St, Suite 5300, Commerce Court West, Toronto, ON
Year called to bar: 2000 (ON)
D’Arcy Nordick is a corporate partner in the Toronto office. He is a member of the Management Committee and is the former Co-Head of the Capital Markets and Public Mergers & Acquisitions Groups in the Toronto office. He is also a member of the Private Equity, Mining and Financial Products & Services Groups. D’Arcy is one of the most well-regarded corporate and securities lawyers in Canada and has over 20 years’ experience advising both foreign and domestic clients in a variety of industries on business law matters including mergers and acquisitions (both public and private), corporate finance, corporate governance, structured financial products, licensing and joint ventures, project development, restructuring and general corporate and commercial law. His diverse clientele includes banks, governmental and quasi-governmental entities, securities dealers, investment funds, private equity firms, technology companies, health care companies, industrial companies, retailers, infrastructure/P3 participants, mining and resource companies, food services companies, transportation companies, and media and telecom companies.
CanWel Building Materials Group Ltd. (CanWel or the Company) (TSX:CWX) completed a $60 million bought deal offering of senior unsecured notes of the Company. The offering was underwritten by a syndicate of underwriters led by National Bank Financial Inc., and included GMP Securities L.P., Canaccord Genuity Corp., CIBC World Markets Inc., Raymond James Ltd., RBC Dominion Securities Inc., and Haywood Securities Inc. The notes trade on the Toronto Stock Exchange under the symbol CWX-NT.A. The net proceeds of the offering are expected to be used for the repayment of bank debt and for general corporate purposes.
On February 27, 2017, Superior Plus LP (Superior LP), an indirect wholly owned subsidiary of Superior Plus Corp., completed a private placement of $250 million aggregate principal amount of 5.25-per-cent Senior Unsecured Notes due February 27, 2024 (the Offering). Superior used the net proceeds of the Offering to repay drawn amounts under its syndicated bank credit facility and to partially finance the $412-million purchase price of the option to acquire the industrial propane business of Gibson Energy Inc.
On May 31, 2017, DHX Media Ltd. (DHX) completed the closing of a bought deal private placement offering (the Offering) of subscription receipts of DHX (the Subscription Receipts) for gross proceeds of $140 million.
On June 9, 2015, Citigroup Inc. completed a maple bond offering of subordinated notes due June 9, 2025, in the aggregate principal amount of $600 million (the Notes). The offering was made by way of a private placement. The proceeds of the offering will be used for general corporate purposes.
Essar Steel Algoma Inc. (Algoma) concluded its comprehensive US$1.4 billion recapitalization and refinancing. Algoma restructured certain of its existing debt obligations by way of a plan of arrangement under the CBCA and refinanced its outstanding debt through concurrent Term Loan, ABL, High Yield Debt and Junior Notes financings.
Noralta Lodge Ltd., a leader in quality workforce accommodation for Alberta’s oil sands, completed a high yield offering of $150 million of 7.50 per cent senior secured second lien notes due 2019, and simultaneous entry of a senior secured syndicated $110 million bank facility.