On November 1, 2018, ATCO Ltd. completed a private placement of $200 million aggregate principal amount of 5.50% fixed-to-floating rate subordinated notes due November 1, 2078.
The notes were offered through a syndicate of underwriters led by RBC Dominion Securities Inc. and TD Securities Inc., and which included BMO Nesbitt Burns Inc., Scotia Capital Inc., CIBC World Markets Inc. and MUFG Securities (Canada), Ltd.
The team from Bennett Jones LLP was comprised of William Osler, Kahlan Mills and Kay She (Capital Markets), Denise Bright (Banking) and Anu Nijhawan (Tax).
The underwriters were represented by Blake, Cassels & Graydon LLP with a team comprised of Jeff Bakker, Kris Simard and Valerie Simion (Capital Markets) and Dan Jankovic (Tax).