Darren Hueppelsheuser is a partner in the Calgary office of Norton Rose Fulbright. His practice focuses on Canadian income tax law, with an emphasis on the tax aspects of financing and transaction planning for corporations and partnerships in both private and public transactions. Darren advises extensively on the acquisition structuring and tax consequences of Canadian inbound and outbound investments. Recently he has planned and implemented a broad range of complex transactions for cross-border restructurings under the CCAA, private equity investee company reorganizations, and mergers and acquisitions. He has written and lectured in Canada and the United States on numerous tax topics for organizations such as the International Fiscal Association, Canadian Tax Foundation, Canadian Petroleum Tax Society, Canadian Bar Association and Tax Executives Institute.
Northern Courier Pipeline Limited Partnership (Northern Courier) issued $1 billion of 3.365% senior notes (Senior Notes) with RBC Capital Markets (RBCCM) acting as sole bookrunner and global lead agent in respect of the offering of senior notes (the Offering), and TD Securities acted as co-manager.
On December 13, 2018, MISTRAS Group, Inc. (MG: NYSE), a global provider of technology-enabled asset protection solutions to the energy, infrastructure and industrial sectors, announced the acquisition of Onstream Pipeline Inspection, a leading North American provider of proprietary technology enabling pipeline inspection and data analytics services from NOVACAP and affiliates.
On August 16, 2017, Paramount Resources Ltd. acquired all of the shares of Apache Canada Ltd., a wholly owned subsidiary of US public company Apache Corp., for approximately $460 million. The acquisition added significant reserves, production and landholdings within Alberta and British Columbia to Paramount’s portfolio.
On September 11, 2015, Canadian Pacific Railway Company, a wholly-owned subsidiary of Canadian Pacific Railway Limited, completed its offering of US$900M of 6.125 per cent unsecured unsubordinated notes due 2115 and US$300M of 4.800 per cent unsecured unsubordinated notes due 2035 for combined aggregate gross proceeds of US$1.2B.
On May 8, 2015, Repsol S.A. of Madrid, Spain completed the acquisition of Talisman Energy Inc. in a deal worth approximately $16.5 billion (US$13.5 billion). The transaction was the largest M&A deal by value announced in Canada in more than two years and the largest international deal by a Spanish company in over five years. The transaction was completed by way of court-approved arrangement under the <i>Canada Business Corporations Act</I> and, upon closing, all of the issued and outstanding common and preferred shares of Talisman were acquired by Repsol for cash consideration. Talisman’s publicly held debt remained outstanding following completion.
TriWest Capital Partners, in partnership with the senior management team, acquired Broda Group Inc. (formerly Broda Construction Inc.) from Stuart Olson Inc. by way of a combination of an acquisition of assets and shares. The purchase price was $39 million.
On October 13, 2004, EnerVest Diversified Income Trust completed an exchange offer under which EnerVest issued approximately 22.5 million of its trust units at $7.34 per unit in exchange for units of 118 different income, royalty and real estate investment trusts and limited partnerships, all of which such issuers are listed on the Toronto Stock Exchange.
Calgary-based EnerVest Diversified Income Trust completed an exchange offer, which EnerVest issued approximately 19 million of trust units at $6.52 per unit in exchange for units of 104 different income, royalty and real estate investment trusts and limited partnerships.