On September 30, 2002, TransForce Income Fund completed an initial public offering of 12 million trust units at $8.50 per unit, for gross proceeds of $102 million, as well as a bank refinancing of $90 million, following the conversion of TransForce, Inc. into the fund. The proceeds from the offering will be used to reduce bank indebtedness incurred in connection with the recent acquisition by TransForce of Canpar Transport Ltd. and to reduce long-term debt.
TransForce was represented by in-house counsel Josiane-Mélanie Langlois, and by Heenan Blaikie LLP with a team led by Claudette Bellemare (corporate), Richard Lewin (tax), Neil Wiener (securities) and Glen Bowman (banking), and including Antoine Tremblay, Nancy Dubuc, Eric Levy, Melanie De Souza, François- Simon Labelle, Stéphane Hudon, Poupak Bahamin and Karen Bengualid Payne in Montreal, and Paul Wickens, Jim McDermott, Lisa Davis, Andrea White, Robert Carillo and Andrea Safer in Toronto.
The underwriting syndicate for the offering was led by National Bank Financial Inc. and Scotia Capital Inc., and included RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Desjardins Securities Inc., TD Securities Inc. and Sprott Securities Inc. Stikeman Elliott represented the underwriters and the syndicate of lenders, with a team including André Roy, Monique Lussier, Anthony Penhale, Pierre-Yves Leduc and Thomas Lellouche (corporate and securities), Luc Bernier (tax) and Jean Lamothe, Etienne Massicotte and Natalie Gosselin (banking).
TransForce was represented by in-house counsel Josiane-Mélanie Langlois, and by Heenan Blaikie LLP with a team led by Claudette Bellemare (corporate), Richard Lewin (tax), Neil Wiener (securities) and Glen Bowman (banking), and including Antoine Tremblay, Nancy Dubuc, Eric Levy, Melanie De Souza, François- Simon Labelle, Stéphane Hudon, Poupak Bahamin and Karen Bengualid Payne in Montreal, and Paul Wickens, Jim McDermott, Lisa Davis, Andrea White, Robert Carillo and Andrea Safer in Toronto.
The underwriting syndicate for the offering was led by National Bank Financial Inc. and Scotia Capital Inc., and included RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Desjardins Securities Inc., TD Securities Inc. and Sprott Securities Inc. Stikeman Elliott represented the underwriters and the syndicate of lenders, with a team including André Roy, Monique Lussier, Anthony Penhale, Pierre-Yves Leduc and Thomas Lellouche (corporate and securities), Luc Bernier (tax) and Jean Lamothe, Etienne Massicotte and Natalie Gosselin (banking).
Lawyer(s)
Paul D. Wickens
Thomas Lellouche
André J. Roy
Luc Bernier
Anthony Penhale
Andrea White
Richard Lewin
Lisa G. Davis
Karen Bengualid Payne
Andrea Safer
Neil Wiener
Natalie Gosselin
James J. McDermott
Mélanie De Souza
Nancy Dubuc
Eric M. Levy
François-Simon Labelle
Antoine Tremblay
Jean G. Lamothe
Stéphane Hudon
Glen A. Bowman
Pierre-Yves Leduc
Robert G. Carillo
Poupak Bahamin
Etienne Massicotte