"80 Goodmans lawyers ranked as top-tier in 31 areas of law." - Canadian Legal Lexpert Directory
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.

NorthWest Healthcare Properties REIT Completes $143.8M Bought Deal Equity Offering

2017

Areas Corporate Finance and Securities, Health Care Law, REITs and Income Securities, Tax

Summary

Goodmans represented NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) ("NorthWest") in an offering in which NorthWest sold an aggregate of 13,133,000 trust units of the REIT at a price of $10.95 per unit, which included 1,713,000 units issued pursuant to the exercise in full of the over-allotment option granted to the underwriters of the offering by NorthWest, on a bought deal basis, for aggregate gross proceeds of approximately $143.8 million. The offering was underwritten by a syndicate of underwriters co-led by BMO Capital Markets and RBC Capital Markets and included CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Eight Capital, Canaccord Genuity Corp., Hampton Securities Limited, Industrial Alliance Securities Inc. and Raymond James Ltd. 

NorthWest intends to use the net proceeds of the offering, together with existing resources, to repay its secured operating facility in the amount of approximately $125 million, which was utilized by NorthWest  to partially fund the acquisition of Generation Healthcare REIT, and the remainder for future acquisitions, repayment of additional high cost revolving debt and for general trust purposes.