199 Bay St, Suite 5300, Commerce Court West, Toronto, ON
Year called to bar: 1996 (ON); 2007 (England & Wales)
Jonathan Willson is a partner in the Tax Group. His practice focuses on all areas of Canadian income tax law, including domestic, cross-border and international mergers and acquisitions, corporate reorganizations and restructurings, corporate finance, and investment fund structuring. Jonathan’s clients include publicly listed and private Canadian, US and global entities across various industries, including financial services, real estate, mining, technology, and healthcare. He has been recognized as a leading lawyer in the areas of tax, corporate tax and derivative instruments by the legal industry’s most notable directories, including The Canadian Legal Lexpert Directory and The Best Lawyers in Canada.
Capital markets participants must carefully consider the new tax when evaluating transactions involving the redemption, repurchase, or cancellation of equity by publicly traded entities, says Jonathan Willson
On February 22, 2019, CDP Financial Inc. (“CDP Financial”), a wholly-owned subsidiary of Caisse de dépôt et placement du Québec (“CDPQ”), launched a Senior Note Program for the issue and sale of up to an aggregate principal amount of US$20 billion of senior notes (the “Program”), to be unconditionally and irrevocably guaranteed by CDPQ. On March 6, 2019, CDP Financial completed an initial offering of US$2 billion aggregate principal amount of senior notes due 2022 under the Program (the “Offering”), with Goldman Sachs International, BNP Paribas, HSBC Bank plc and TD Securities (USA) LLC acting as agents for the Offering.
On March 23, 2018, Aphria Inc. (Aphria)(TSX: APH and US OTC: APHQF) completed its acquisition of Nuuvera Inc. (Nuuvera) pursuant to a plan of arrangement under the Business Corporations Act (Ontario) for approximately $425 million.
On February 27, 2017, Superior Plus LP (Superior LP), an indirect wholly owned subsidiary of Superior Plus Corp., completed a private placement of $250 million aggregate principal amount of 5.25-per-cent Senior Unsecured Notes due February 27, 2024 (the Offering). Superior used the net proceeds of the Offering to repay drawn amounts under its syndicated bank credit facility and to partially finance the $412-million purchase price of the option to acquire the industrial propane business of Gibson Energy Inc.
On June 5, 2015, Royal Bank of Canada completed a public offering of 6,000,000 non-viable contingent capital Non-Cumulative First Preferred Shares, Series BH at a price of $25 per share for gross proceeds of $150 million.
