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.
Featured Work
-
Restructuring
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… -
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… -
Mergers and Acquisitions
Fiera Private Debt Construction, Acquisition and Term Loan Facility to BioNorth Energy
Goodmans acted as lead counsel to Fiera Private Debt on a construction, acquisition and term loan facility to BioNorth Energy to finance the acquisition of a 36.8 MW biomass-fired power generation… -
Restructuring
Sherritt International Corporation CBCA Plan of Arrangement
Goodmans LLP acted for Sherritt International Corporation in connection with their plan of arrangement under the Canada Business Corporations Act… -
Restructuring
McEwan Enterprises Inc. Restructuring
Goodmans LLP acted as counsel to McEwan Enterprises Inc. in connection with the successful restructuring of the Company’s lease obligations and its proceedings under the Companies’ Creditors… -
Mergers and Acquisitions
Clairvest Group's Acquisition of Sunpower Corporation
Goodmans acted for Clairvest Group Inc., together with Clairvest Equity Partners VI , in connection with the acquisition of the solar operations and maintenance business of SunPower Corporation…