"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.

Whiterock REIT Completes Concurrent Unit and Debenture Offerings

2011

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

Summary

Goodmans represented Whiterock Real Estate Investment Trust (TSX:WRK.UN) in the completion of its public offering consisting of 1,560,000 trust units of the REIT at a price of $12.85 per Unit for gross proceeds of $20,046,000 and a concurrent public offering of $45 million aggregate principal amount of 5.50% convertible unsecured subordinated debentures, Series H of the REIT due March 31, 2017 at a price of $1,000 per Debenture, for aggregate gross proceeds of approximately $65 million. Both offerings were completed on a bought deal basis by a syndicate of underwriters led by TD Securities Inc. and including CIBC World Markets Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., Canaccord Genuity Corp., National Bank Financial Inc., Dundee Securities Ltd., Raymond James Ltd., Brookfield Financial Corp., Desjardins Securities Inc., Macquarie Capital Markets Canada Ltd., and Laurentian Bank Securities Inc.

On December 19, 2011, the Underwriters exercised their over-allotment option to purchase an additional 234,000 Units at a price of $12.85 per unit and an additional $6,650,000 principal amount of Debentures, for additional aggregate gross proceeds to Whiterock of approximately $9.7 million. The aggregate gross proceeds to Whiterock from the Offering and the completed over-allotment option exercise totalled approximately $74.7 million.