Jules Charette is a senior partner at Norton Rose Fulbright in Montréal. He is highly experienced in the fields related to corporate tax at the domestic and international levels, including mergers & acquisitions, reorganizations, capital markets, project financing, structured finance, derivatives, financial instruments, infrastructure projects, cross-border transactions and executive compensation. He has also developed an extensive knowledge in estate planning for individuals. He regularly advises a number of major Canadian public companies and family offices. He is a member of various organizations, including the Canadian Tax Foundation and the International Fiscal Association. Mr. Charette sits on the boards of a number of private companies and charitable organizations. He was called to the Québec Bar in 1981.
On March 7, 2019, Bombardier completed its issuance and sale of US$2.0 billion aggregate principal amount of its new 7.875% Senior Notes due 2027 (the “Notes”) (the “Notes Offering”). The proceeds of the Notes Offering were used to finance Bombardier’s tender offers (collectively, the “Tender Offers”) for (i) all of its outstanding 7¾% Senior Notes due 2020 (the “2020 Notes”), which was completed on March 7, 2019, and (ii) up to US$975 million aggregate purchase price of its outstanding 6⅛% Senior Notes due 2021 (the “6⅛ Notes”) and 8.750% Senior Notes due 2021 (the “8.750 Notes,” together with the 6⅛ Notes, the “2021 Notes”), to be completed on March 29, 2019, and to pay related fees and expenses.
CDPQ Infra Inc., a subsidiary of Caisse de dépôt et placement du Québec, announced on April 12, 2018, that construction of the Réseau express métropolitain (REM) project, an automated light-rail transportation system in the greater Montréal area, has officially started. The project comprises 67 kilometres of railway and 26 stations and, once complete, will be one of the largest automated transportation system in the world.
On March 23, 2018, Bombardier Inc. (Bombardier) completed its public offering (the Offering) of 168,000,000 Class B shares (subordinate voting) (the Shares) at a purchase price of $3.80 per Share for total gross proceeds of $638.4 million. Bombardier intends to use the net proceeds of the Offering to supplement its working capital and for general corporate purposes, consistent with Bombardier’s continued proactive approach to capital management.
On April 1, 2018, Desjardins Group (Desjardins) and CU CUMIS Wealth Holdings LP (Holdings), a limited partnership comprised of Canada's five provincial credit union centrals (the Centrals) and The CUMIS Group Limited (CUMIS), announced the closing of the merger of the businesses of their subsidiaries, Credential Financial Inc., Qtrade Canada Inc. and NEI Investments.
On February 11, 2016, Bombardier Inc. (Bombardier) closed the previously announced acquisition by Caisse de dépôt et placement du Québec (CDPQ) of a US$1.5 billion convertible share investment in Bombardier Transportation’s newly-created holding company, Bombardier Transportation (Investment) UK Ltd. (BT Holdco), which, following the completion of the previously-announced corporate reorganization, owns all of the assets of Bombardier’s Transportation business segment.
On March 6, 2015, Morgan Stanley Infrastructure Partners, LP, a subsidiary of Morgan Stanley Infrastructure, announced that it had sold Montreal Gateway Terminals to a consortium led by Fiera Axium Infrastructure and comprised of Fiera Axium Infrastructure Canada II L.P., Desjardins Group, via its insurance subsidiaries and its Pension Plan, Manulife, Fonds de solidarité FTQ and Industrial Alliance.
On February 23, 2015, Industrial Alliance Insurance and Financial Services Inc. (Industrial Alliance) completed the offering of $250 million aggregate principal amount of 2.64 per cent Fixed/Floating Subordinated Debentures due February 23, 2027.
Metro Inc. (Metro) issued $300 million aggregate principal amount of 3.20 per cent Series C Senior Unsecured Notes due December 1, 2021, and $300 million aggregate principal amount of 5.03 per cent Series D Senior Unsecured Notes due December 1, 2044.
National Bank Financial Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. acted as joint book-running managers for the offering and Desjardins Securities Inc., RBC Dominion Securities Inc. Scotia Capital Inc. and TD Securities Inc. acted as co managers.
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.
On December 18, 2006, Bombardier Inc. entered into a new €4.3 billion syndicated letter of credit facility completing its 2006 refinancing initiative, which included, in addition to the letter of credit facility, the issuance in Europe and the United States of €1.9 billion aggregate principal amount of senior notes and a debt tender offer in Europe.
On May 31, 2000, shareholders of Rimouski, Quebec-based QuébecTel Group Inc. voted to approve the merger with Burnaby, British Columbia-based TELUS Corporation, which had been announced on March 31, 2000.