Paul Raymond is a senior partner of Norton Rose Fulbright Canada with domestic and international experience, mainly in the United States, Europe and emerging markets. He is experienced in corporate and securities law, financings and business acquisitions and sales. He has been involved in debt and equity financing of private and public corporations, governments and Crown corporations by way of private or public offerings acting on behalf of issuers and underwriters. He has acted in various transactions for the purchase or sale of businesses, as well as in mergers and reorganizations. He has also been involved in various structured finance transactions. He is a member of the CBA Québec Bar (1986). He is recognized in a variety of legal rankings, including Best Lawyers in Canada (2010–2021): corporate law, mergers & acquisitions law, project finance law, securities law; Best Lawyers in Canada (2015–2021): banking & finance; Chambers Canada (2016–2021): corporate/commercial: Québec; Chambers Canada (2019–2021): transportation – aviation: nationwide; IFLR1000 (2012–2021): leading lawyer in mergers & acquisitions; and The Canadian Legal Lexpert® Directory (2012–2021): recommended in Corporate Commercial Law, Corporate Finance & Securities, Corporate Mid-Market, Mergers & Acquisitions.
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.
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.
A group of investors led by the Dutil family (the Family Group) and composed of American Industrial Partners (AIP), Caisse de dépôt et placement du Québec (CDPQ) and Fonds de solidarité FTQ (FSTQ and, collectively with the Family Group and CDPQ, the Rollover Shareholders) successfully completed the acquisition of Canam Group Inc. (Canam), a corporation involved in the design, manufacture and sale of construction products and services for the commercial, industrial, institutional, multi-residential and infrastructure construction industries, for approximately $875 million, including the assumption of existing indebtedness.
On November 27, 2015, Endeavour Mining Corporation (Endeavour) completed a transaction with La Mancha Holding S.àr.l. (La Mancha), a privately-held gold investment company held by the Sawiris family group.
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.
The sale to Renaud-Bray of the retail operations of Archambault Group Inc., a subsidiary of Quebecor Media, closed on September 27, 2015. The transaction involves 14 Archambault stores, archambault.ca and the English-language Paragraphe bookstore.
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.
The Manufacturers Life Insurance Company, a wholly-owned subsidiary of Manulife Financial Corporation, acquired the holding company of The Standard Life Assurance Company of Canada and Standard Life Investments Inc. from Standard Life plc in consideration for a payment of CAD$4 billion in cash.
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.