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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.

New Flyer ends offering of IDSs

2005

Areas REITs and Income Securities, Tax

Summary

Goodmans represented the underwriters in connection with New Flyer Industries Inc. and New Flyer Industries Canada UL's $200-million initial public offering of income deposit securities (IDSs). The offering was led by CIBC World Markets and BMO Nesbitt Burns and included a US$170-million credit facility. It was the first instance of a cross-border income securities structure being used in connection with a primarily Canadian operating business.