On April 21, 2005, Kimco North Trust III, an entity controlled by Kimco Realty Corp., a US-based REIT, issued $150 million principal amount of notes due in 2010. Kimco Realty, the guarantor of the notes, has a market capitalization of approximately $5.7 billion, and is the largest publicly traded owner and operator of community shopping centers in North America. Kimco North Trust III holds its Canadian assets. The transaction represented the first time a US REIT has raised capital in Canada. RBC Dominion Securities acted as lead agent and sole book-runner for the transaction, with Scotia Capital as co-lead agent and CIBC World Markets as co-manager.
Kimco Realty and Kimco North Trust III were represented by in-house counsel, Bruce Rubenstein, and by Davies Ward Phillips & Vineberg LLP, with respect to both Canadian and US matters, with a team that comprised Hillel Rosen, Neil Kravitz and Marc-Alexandre Poirier (corporate/securities), Gerald Shepherd and Ariane West-Pernica (corporate/securities - New York), Nathan Boidman and Rhonda Rudick (tax), and Peter Glicklich and Michele Alexander (tax - New York).
RBC Dominion Securities, Scotia Capital and CIBC World Markets were represented by McCarthy Tétrault LLP, with respect to Canadian matters, with a team that comprised Lorna Telfer, Patrick Boucher, David Woollcombe, Sumit Soni and Michael Urbani (corporate commercial and securities) and Jerald Wortsman and Steven Baum (tax); and by Winston & Strawn LLP, with respect to US matters, with a team that comprised Michael A. Smith (securities) and Michael Moetell (tax).
Kimco Realty and Kimco North Trust III were represented by in-house counsel, Bruce Rubenstein, and by Davies Ward Phillips & Vineberg LLP, with respect to both Canadian and US matters, with a team that comprised Hillel Rosen, Neil Kravitz and Marc-Alexandre Poirier (corporate/securities), Gerald Shepherd and Ariane West-Pernica (corporate/securities - New York), Nathan Boidman and Rhonda Rudick (tax), and Peter Glicklich and Michele Alexander (tax - New York).
RBC Dominion Securities, Scotia Capital and CIBC World Markets were represented by McCarthy Tétrault LLP, with respect to Canadian matters, with a team that comprised Lorna Telfer, Patrick Boucher, David Woollcombe, Sumit Soni and Michael Urbani (corporate commercial and securities) and Jerald Wortsman and Steven Baum (tax); and by Winston & Strawn LLP, with respect to US matters, with a team that comprised Michael A. Smith (securities) and Michael Moetell (tax).
Lawyer(s)
Michael A. Smith
Rhonda Rudick
Jerald M. Wortsman
Marc-Alexandre Poirier
Nathan Boidman
Steven C.C. Baum
Michael Moetell
Patrick Boucher
Hillel W. Rosen
Peter A. Glicklich
Gerald D. Shepherd
Lorna J. Telfer
Neil Kravitz
Michele J. Alexander
Michael G. Urbani
David E. Woollcombe