Algoma Steel secures C$500 million in government financing facilities
Goodmans LLP acted for Algoma Steel Group Inc. in connection with its C$500 million financing transaction with the Governments of Canada and Ontario.
The financing includes C$400 million (including an C$80 million secured tranche) from the Canada Enterprise Emergency Funding Corporation and C$100 million (including a C$20 million secured tranche) from the Province of Ontario. This financing transaction will strengthen Algoma’s balance sheet, advance its EAF transformation, and support government and industry goals of a low-carbon Canadian steel supply chain.
Algoma is a leading Canadian producer of high-quality plate and sheet steel products, proudly supporting critical sectors including energy, defense, automotive, shipbuilding, and infrastructure.Featured Work
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Mergers and Acquisitions
Organigram to acquire Sanity Group
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Mergers and Acquisitions
General Atlantic to sell Budge Studios to Haveli
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Mergers and Acquisitions
GTCR acquires Dentalcorp for C$2.2 billion
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REITS and Income Securities
Minto Apartment REIT announces going-private transaction with Crestpoint and Minto Group
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Mergers and Acquisitions
WildBrain to sell 41% Peanuts stake to Sony for C$630 million
Goodmans LLP is acting for WildBrain Ltd. (“WildBrain”) in connection with its definitive agreement to sell its 41% stake in Peanuts Holdings LLC (“Peanuts”) to Sony Music Entertainment (Japan) Inc… -
Banking and Financial Services
Doman Building Materials Group completes reopening of C$170 million senior notes
Goodmans LLP advised Doman Building Materials Group Ltd. in connection with the closing of its offering of an additional C$170 million aggregate principal amount of its 7.50% Senior Unsecured Notes…