Magellan Aerospace Corporation completed, on January 7, 2003, an offering of $55 million aggregate principal amount of 8.5 per cent convertible unsecured subordinated debentures due January 31, 2008. The offering was made on a bought deal basis through a syndicate of underwriters co-led by Scotia Capital Inc. and RBC Capital Markets Inc., and including CIBC World Markets Inc., Dundee Securities Corporation, Paradigm Capital Inc. and Raymond James Ltd.
Concurrently with the offering Magellan also completed a private placement with its principal shareholder of $15 million aggregate principal amount of debentures, which were issued on the same terms and conditions as the debentures issued pursuant to the public offering.
Magellan was represented by Burnet, Duckworth & Palmer LLP, with a team comprised of Allan Twa, Q.C., Stephen Chetner and Jeff Oke (securities/corporate). Andrew Comrie-Picard of Paul, Weiss, Rifkind, Wharton & Garrison LLP provided U.S. securities advice to Magellan.
Goodmans LLP acted for the underwriters, with a team comprised of Neill May, Chantal Thibault and Mark Ableman (securities/corporate) and Carrie Smit and Marcus Shantz (tax). Daniel Goldberg of Piper Rudnick LLP provided U.S. securities advice to the underwriters.
Concurrently with the offering Magellan also completed a private placement with its principal shareholder of $15 million aggregate principal amount of debentures, which were issued on the same terms and conditions as the debentures issued pursuant to the public offering.
Magellan was represented by Burnet, Duckworth & Palmer LLP, with a team comprised of Allan Twa, Q.C., Stephen Chetner and Jeff Oke (securities/corporate). Andrew Comrie-Picard of Paul, Weiss, Rifkind, Wharton & Garrison LLP provided U.S. securities advice to Magellan.
Goodmans LLP acted for the underwriters, with a team comprised of Neill May, Chantal Thibault and Mark Ableman (securities/corporate) and Carrie Smit and Marcus Shantz (tax). Daniel Goldberg of Piper Rudnick LLP provided U.S. securities advice to the underwriters.
