Ironshore Pharmaceuticals Completes US$200 Million Financing
Goodmans LLP represented Ironshore Pharmaceuticals & Development, Inc. (“Ironshore”), a wholly owned subsidiary of Highland Therapeutics Inc., in the completion of a US$200 million private placement of Senior Secured Notes due 2024. Morgan Stanley & Co. LLC acted as sole placement agent for the transaction.
The proceeds from the financing will provide the necessary resources for Ironshore to complete its evolution from a research and development organization to a fully integrated pharmaceutical company with a world-class Medical Affairs function. The proceeds will also fund pre-commercialization marketing strategies and tactics as well as commercial launch activities for HLD200, a new drug that manages attention deficit hyperactivity disorder (ADHD) which is under review and awaiting approval by the U.S. Food and Drug Administration.
Featured Work
-
Mergers and Acquisitions
Onex to sell WestJet stakes to Delta and Korean Air
Goodmans LLP is advising WestJet Airlines Ltd. and its controlling shareholder, Onex Corporation, in the sale of Onex’s minority stakes in WestJet to Delta Air Lines and Korean Air… -
Capital Markets
Zodiac Gold closes non-brokered private placement
Goodmans LLP advised Zodiac Gold Inc. in connection with the closing of the second and final tranche of its non-brokered private placement… -
Capital Markets
Brookfield announces offering of First Mortgage Bonds for Bay Adelaide Centre East and West
Goodmans LLP advised CIBC Capital Markets, as Structuring Agent and Lead Left Joint Bookrunner, for Brookfield on its $433.2 million offering of First Mortgage Bonds for Bay Adelaide Centre East and… -
REITS and Income Securities
BSR REIT completes strategic asset sale with Avalon Bay Communities Inc.
Goodmans LLP advised BSR REIT in connection with the sale of an aggregate of nine properties, consisting of 2,701 apartment units, to AvalonBay Communities, Inc. for gross consideration valued at… -
Mining
Paulson and NOVAGOLD RESOURCES INC. to acquire Barrick Gold Corp.’s 50% stake in Donlin Gold LLC for US$1 billion
Goodmans LLP is advising Paulson & Co Inc. in connection with a backstop financing commitment entered into as part of its agreement to jointly acquire with NOVAGOLD RESOURCES INC. a 50% interest… -
REITS and Income Securities
NexPoint Hospitality Trust acquired by NexPoint Diversified Real Estate Trust
Goodmans LLP advised NexPoint Hospitality Trust in connection with its going private transaction with NexPoint Diversified Real Estate Trust…