Stelco Issues Convertible Debentures

On January 21, 2002, Stelco Inc. completed the issue of $90 million aggregate principal amount of 9.5 per cent convertible unsecured subordinated debentures due to mature February 1, 2007. The debentures were issued pursuant to a prospectus supplement dated January 11, 2002, to a short-form base shelf prospectus dated January 8, 2002, which qualified the issuance of up to $300 million of debt securities, subordinated debt securities and series A convertible common shares.
McCarthy Tétrault LLP acted for Stelco, with a team that included Edward Kerwin, G. Blair Cowper-Smith and Frank DeLuca (securities/corporate), Judith Woods and Steven Baum (tax) and Riyaz Dattu and Orlando Silva (trade).

The underwriters for the offering were CIBC World Markets Inc., National Bank Financial Inc. and Scotia Capital Inc. Goodmans LLP acted for the underwriters, with a team that included Kenneth Wiener, Georges Dube and Trevor Fencott (securities/corporate), Mitchell Sherman and Alan Bowman (tax) and Cyndee Todgham Cherniak (trade).

Lawyer(s)

Trevor A.S. Fencott Kenneth R. Wiener G. Blair Cowper-Smith Cyndee Todgham Cherniak Alan Bowman Orlando E. Silva Mitchell J. Sherman Steven C.C. Baum Riyaz Dattu