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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.

Canaccord Genuity Group Inc. Completes Treasury Offering of Convertible Unsecured Senior Subordinated Debentures

2018

Areas Corporate Finance and Securities, Tax

Summary

Canaccord is Canada’s largest independent investment bank and was ranked #1 in the Canadian capital markets league tables in 2018. Goodmans represented this investment bank itself as issuer on this landmark capital markets transaction. 

Goodmans represented Canaccord Genuity Group Inc. (TSX:CF, "the Company") in its bought deal offering of convertible unsecured senior subordinated debentures for gross proceeds of $59,225,000, including the exercise, in full, of the underwriters' over-allotment option (the "Offered Debentures"). The Company also closed the concurrent non-brokered private placement with a large Canadian asset manager, for gross proceeds of $73,500,000, which together with the gross proceeds from the Offered Debentures, represent an aggregate principal amount of $132,725,000 (together with the Offered Debentures, the "Convertible Debentures").

The Convertible Debentures bear interest at a rate of 6.25% per annum, payable semi-annually on the last day of December and June each year commencing December 31, 2018. The Convertible Debentures are convertible at the holder's option into common shares of the Company, at a conversion price of $10.00 per common share. The Convertible Debentures mature on December 31, 2023 and may be redeemed by the Company in certain circumstances, on or after December 31, 2021.

Canaccord Genuity Group Inc. is a leading global independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets.