Sherritt International Corporation Completes $90 Million Notes Purchase Transaction

Goodmans LLP represented Sherritt International Corporation in its $90 Million Notes Purchase Transaction Pursuant to Oversubscribed Offers.

In December 2022, Sherritt International Corporation completed its second notes purchase transaction of 2022, which together with its notes purchase transaction completed in June 2022, has resulted in a reduction of Sherritt’s aggregate principal amount of outstanding Notes by approximately $150 million, or 35% from the beginning of the year, and a reduction annual interest expense by approximately $13 million. The purchase offer in respect of the Sherritt’s secured notes was structured as a modified Dutch auction process, and the purchase offer in respect of Sherritt’s junior notes was structured as a fixed price tender offer.

Expertise

Featured Work

  • Restructuring

    Instant Brands’ Restructuring Proceedings

    Goodmans LLP is counsel for Ernst & Young Inc. (“EY”) in its capacity as court-appointed information officer (the “Information Officer”) in the recognition proceedings of Instant Brands Inc…
  • Restructuring

    Stoneway Capital Corporation’s CBCA Proceedings

    Goodmans LLP acted as co-counsel to the Term Loan Lenders to Stoneway Capital Corporation in its proceedings before the Ontario Superior Court of Justice (Commercial List) to implement a pre-arranged…
  • Restructuring

    MJardin’s Restructuring Proceedings

    Goodmans LLP acts for KSV Restructuring Inc. (“KSV”) in respect of MJardin Group, Inc. (“MJardin” or the “Company”), a publicly traded licensed Canadian cannabis producer, in its ongoing restructuring…
  • Restructuring

    Harte Gold CCAA Proceedings

    Goodmans LLP (“Goodmans”) is counsel to FTI Consulting Canada Inc. (“FTI”), the court-appointed monitor of Harte Gold Corp. (“Harte Gold” or the “Company”) in its ongoing proceedings under the…
View More Experience