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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.

Great Lakes Carbon Income Fund completes its initial public offering of 18.5 million trust units

2003

Areas Corporate Finance and Securities, Mining and Natural Resources, REITs and Income Securities

Summary

Goodmans represented the syndicate of underwriters in connection with Great Lakes Carbon Income Fund's initial public offering of 18.5 million trust units priced at $10.00 per unit, for gross proceeds of $185 million. The net proceeds of the offering were used to acquire an indirect 35.05% interest in Great Lakes Carbon LLC (GLC).  The net proceeds from the IPO, together with borrowings under a new US$130 million senior credit facility and the private issuance of securities effectively exchangeable for units of the Fund, were used to retire GLC’s previous capital structure consisting of a senior credit facility, senior subordinated notes, and holding company discount debentures. GLC is the world’s largest producer of both anode and industrial grade calcined petroleum coke, a critical and necessary material used in the production of aluminum.