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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.

Tricon Completes $51.7M Bought Deal Debenture Offering

2012

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

Summary

Goodmans represented Tricon Capital Group Inc. (TSX: TCN, TSX: TCN.DB) (“Tricon”) in connection with the completion of an offering of $51,750,000 aggregate principal amount of convertible unsecured subordinated debentures at a price of $1,000 per convertible debenture. The aggregate amount purchased by the underwriters included $6,750,000 principal amount of convertible debentures to cover over-allotments pursuant to the exercise in full of their over-allotment option.

The offering of convertible debentures was completed on a bought deal basis and was underwritten by a syndicate of underwriters co-led by GMP Securities L.P. and RBC Capital Markets and including CIBC World Markets Inc., Canaccord Genuity Corp. and Raymond James Ltd.  As previously announced, Tricon intends to use the net proceeds from the offering to fund continued expansion of its U.S. single-family home rental strategy, and for general corporate and working capital purposes.

Tricon is one of North America's leading residential real estate investment companies. Tricon provides financing to local operators or developers in select markets in the United States and Canada, with a primary focus on housing in growing markets.