Solomon Sananes practises in the area of corporate finance and securities (including both private placements and public financings), mergers & acquisitions, and corporate governance. In corporate financing, he acts in numerous Canadian and Canadian/US cross-border offerings of debt, equity and derivative instruments on behalf of issuers, selling shareholders and underwriters. In mergers & acquisitions, he participates in a variety of significant transactions, acting for both buyers and sellers of public and private companies. He also advises a number of Canadian public companies on continuous disclosure obligations, governance issues and the conduct of shareholders’ meetings. Mr. Sananes is managing partner of our Montréal office and a member of our Canadian management committee.
ADM Aéroports de Montréal (ADM), the local airport authority responsible for the management, operation and development of YUL Montréal–Trudeau International Airport and YMX International Aerocity of Mirabel, completed a private placement of $400 million 3.441 per cent Revenue Bonds, Series S due Apr. 26, 2051 (the Bonds)
On January 16, 2018, Laurentian Bank of Canada (the Bank) completed a public offering of 2,624,300 common shares (the Shares), which included the exercise in full of the over-allotment option granted to the underwriters.
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 June 22, 2017, Laurentian Bank of Canada (the Bank) completed a public offering of $350 million aggregate principal amount of 4.25-per-cent Notes due June 22, 2027 (Non-Viability Contingent Capital, or NVCC) (subordinated indebtedness), the Bank’s initial offering of NVCC subordinated indebtedness.
On October 3, 2016, Laurentian Bank of Canada (Laurentian Bank) announced the completion of its acquisition of the Canadian equipment financing and corporate financing activities of CIT Group Inc. (CIT), a portfolio valued at approximately $1 billion (the Acquisition).
On September 16, 2016, Industrial Alliance Insurance and Financial Services Inc. (“Industrial Alliance”) completed the offering of $400-million aggregate principal amount of 3.30 per cent Fixed/Floating Subordinated Debentures due September 15, 2028.
On September 22, 2015, Canadian National Railway Company completed the offering of $350 million aggregate principal amount of 2.80 per cent Notes due 2025, $400 million aggregate principal amount of 3.95 per cent Notes due 2045, and $100 million aggregate principal amount of 4.00 per cent Notes due 2065.
On June 12, 2015, Aéroports de Montréal (ADM), the local airport authority responsible for the management, operation and development of Montréal–Trudeau and Montréal–Mirabel international airports, completed a private placement of $200 million 3.918 per cent Revenue Bonds, Series M due June 12, 2045 (the Bonds). The Bonds were offered through an agency syndicate consisting of CIBC World Markets Inc. and RBC Dominion Securities Inc., as joint lead dealers and joint bookrunners and including Desjardins Securities Inc., National Bank Financial Inc., Casgrain & Company Limited and HSBC Securities (Canada) Inc.
Stornoway Diamond Corporation announced that it had closed its previously announced financing transactions with US private equity firm Orion Mine Finance, Investissement Québec (through its wholly owned subsidiaries Diaquem Inc. and Resources Québec) (“RQ”), and the Caisse de dépôt et placement du Québec to fund the construction of the Renard Diamond Project, Quebec’s first diamond mine.
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.