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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Altus Completes $48 Million Convertible Debenture Offering and Acquires the Existing US Convertible Debentures Valued at US$52.1 Million

2012

Areas Banking and Finance Law, Corporate Finance and Securities, Tax

Summary

Goodmans represented Altus Group Limited (“Altus”) in connection with the completion of its offering of 6.75% convertible unsecured subordinated debentures due June 30, 2017 at a price of $1,000 per debenture for total gross proceeds of $48 million.

The offering was completed on a bought deal basis and was underwritten by a syndicate of underwriters comprised of BMO Capital Markets, as lead manager and sole bookrunner, CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Canaccord Genuity Corp. and HSBC Securities (Canada) Inc. 

On May 1, 2012, Altus used the net proceeds of the offering and completed the acquisition of the outstanding convertible debentures issued to the vendors of the Argus business in connection with Altus’ indirect acquisition of Realm Solutions, Inc. in June, 2011.  Altus acquired the US Convertible Debentures, which were valued at US$52.1 million as at May 1, 2012, for a purchase price of US$46 million.