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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.

RGL Reservoir Management Group Inc. Completes US$404 Million Recapitalization

2017

Areas Banking and Finance Law, Corporate and Commercial, Corporate Restructuring, Mergers and Acquisitions, Private Equity, Tax

Summary

Goodmans represented RGL Reservoir Management Group Inc. and its subsidiaries (RGL) in the implementation of a recapitalization transaction pursuant to a plan of arrangement under the Canada Business Corporations Act.  RGL is a Canadian-based global provider of oilfield solutions with a focus on engineering and manufacturing sand control and flow control products for enhanced oil recovery in the heavy oil industry.

The recapitalization transaction involved the exchange of approximately US$404 million of RGL’s secured debt for common shares of the reorganized company and US$75 million in take-back debt pursuant to a new secured credit facility. As part of the recapitalization, RGL’s existing shareholders received common shares and warrants of the reorganized company.