David Massé is a partner in the Corporate Group and a member of the Mining Group. He specializes in mergers & acquisitions, capital markets and securities. He has been counsel to sellers, purchasers and financial advisors in various mergers, acquisitions, divestitures, spin-offs and reorganizations. He also frequently acts as counsel to issuers and underwriters in public and private domestic and international offerings and advises TSX-listed issuers on regulatory compliance matters, corporate governance and continuous disclosure obligations. In his mining practice, he acts for mining companies and underwriters in connection with mergers & acquisitions, corporate finance, joint ventures and mining development projects.
Air Canada closed its private offering of three tranches of Enhanced Equipment Trust Certificates (EETCs), in the aggregate face amount of US$1,031,390,000. This is the second EETC offering in the last two years used by Air Canada to finance the acquisition of new aircraft to be added to its fleet. In April 2013, Air Canada closed the first Canadian offering using EETCs under the Cape Town Convention, which was ratified in December 2012, and became effective April 1, 2013, in Canada.
Element Financial Corporation acquired the assets and operations of PHH Arval, PHH Corporation's North American fleet management services business, for a purchase price of US$1.4 billion in cash. Element also assumed PHH's obligations under the PHH fleet securitization programs in the US and Canada.
On November 2, 2010, Bombardier completed its issuance and sale of €780 million aggregate principal amount of its new Senior Notes due 2021, which carry a coupon of 6.125 per cent sold at 99.0422 per cent.