David Massé is a partner and Head of the Montreal office’s Securities Group. David has extensive experience focused primarily on corporate finance and securities, mergers & acquisitions, financial restructuring and corporate governance. He has been counsel to strategic purchasers, financial sponsors, private equity funds, pension funds and boards of directors in several complex domestic and cross-border transactions, including going private transactions and initial public offerings. He is involved in a wide range of industry sectors including power and renewable energy, mining, aviation, telecommunications, technology, pharmaceuticals and entertainment. David has been recognized by various industry publications including international directories, as a leading lawyer in the areas of corporate finance and securities, mergers and acquisitions, corporate commercial and mining. In 2007 and 2008, David garnered international experience working in the London office of Stikeman Elliott. He is a member of the Montreal office's Finance Committee.
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.