Hudbay Minerals Inc. (Hudbay) (TSX: HBM) (NYSE: HBM) completed a bought-deal equity offering of 24 million common shares at a price of $10.10 per share, for gross proceeds of $242 million.
The offering was underwritten by a syndicate co-led by RBC Capital Markets, BMO Capital Markets, and Scotiabank and included CIBC World Markets Inc., GMP Securities L.P., TD Securities Inc., National Bank Financial Inc., Barclays Capital Canada Inc., Canaccord Genuity Corp., Cormark Securities Inc., Haywood Securities Inc., Merrill Lynch Canada Inc., Citigroup Global Markets Canada Inc., Eight Capital, Macquarie Capital Markets Canada Ltd., Morgan Stanley Canada Ltd. and Raymond James Ltd.
Hudbay was represented in-house by Patrick Donnelly, Vice President and General Counsel, Mark Haber, Director, Corporate Legal and Carla Nawrocki, Legal Counsel; and externally by Goodmans LLP with a team that included Kari MacKay, Gesta Abols and David Coll-Black (securities/mining) and Michael Royal (tax); and in the United States by Milbank, Tweed, Hadley & McCloy LLP with a team that included Mark Mandel, Brett Nadritch and Sam Badawi (corporate/capital markets).
Cassels Brock & Blackwell LLP represented the underwriters with a team that included Chad Accursi, Nancy Choi, Stefanie Sebanc, Matt Gold and Patricia Wood (securities/mining), Mike Tallim (financial services) and James Morand (tax).