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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.

HealthLease Properties REIT Completes $50 Million Debenture Offering

2013

Areas Corporate Finance and Securities, REITs and Income Securities, Tax

Summary

Goodmans represented HealthLease Properties Real Estate Investment Trust (“HealthLease”) in its offering of $50 million aggregate principal amount of 5.75% convertible unsecured subordinated debentures due November 30, 2018. The debentures are convertible, at the option of the holder, into trust units of the REIT at a price of $14.00 per trust unit.

The offering was completed on a bought deal basis and was underwritten by a syndicate of underwriters led by BMO Capital Markets and included Canaccord Genuity Corp., National Bank Financial Inc., CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., Dundee Securities Ltd., GMP Securities L.P., Raymond James Ltd. and Euro Pacific Canada Inc.  HealthLease intends to use the net proceeds of the offering to repay indebtedness incurred under its credit facility and for general business purposes.

HealthLease owns a premier portfolio of senior housing and care real estate in the United States and Canada.