Sienna Senior Living Short Form Offering
Goodmans LLP acted for Sienna Senior Living Inc. (“Sienna”) in connection with their agreement with a syndicate of underwriters (the “Underwriters”) led by TD Securities Inc., as sole bookrunner, under which the Underwriters have agreed to buy, on a bought deal basis, 5,000,000 common shares of the Company (the “Common Shares”) at a price of $15.00 per Common Share (the “Offering Price”) for gross proceeds of $75 million (the “Offering”).
The Company has also granted the Underwriters an option (the “Over-Allotment Option”) to purchase up to an additional 750,000 Common Shares at the Offering Price to cover the Underwriters' over-allocation position, if any, exercisable, in whole or in part, no later than 30 days after the closing of the Offering. If the Over-Allotment Option is exercised in full, the gross proceeds to the Company will be approximately $86 million.
The Company intends to use the net proceeds of the Offering and any Over-Allotment Option to partially fund the Acquisitions and pay the Company's expenses of the Acquisitions.
Expertise
Featured Work
-
Mergers and Acquisitions
HoudiniSwap acquired by Sol Strategies for US$18 million
Goodman LLP advised HoudiniSwap LLC in connection with its acquisition by Sol Strategies for US$18 million… -
Capital Markets
Century Lithium completes private placement
Goodmans LLP advised Century Lithium Corp. in connection with the closing of a C$7 million listed issuer financing exemption offering (the “Life Offering”) of its 14,893,616 units… -
Technology
Scotiabank and Desjardins lead C$402.5 million offering of subscription receipts for Kraken Robotics
Goodmans LLP acted for a syndicate of underwriters led by Scotiabank and Desjardins Capital Markets in connection with Kraken Robotics Inc.’s C$402.5 million bought deal offering of subscription… -
Capital Markets
Paulson & Co. completes US$40 million private placement for International Tower Hill Mines Ltd.
Goodmans LLP advised Paulson & Co. in connection with the US$40 million private placement of common shares by International Tower Hill Mines Ltd. (“ITH… -
REITS and Income Securities
Minto Apartment REIT announces going-private transaction with Crestpoint and Minto Group
Goodmans LLP is acting for Minto Apartment Real Estate Investment Trust (the “REIT”) in connection with its going-private transaction with Crestpoint Real Estate Investments Limited Partnership… -
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…