Transaction|March 27, 2012
Morneau Shepell completes C$75 million offering of debentures
Torys acted as counsel to the underwriters with a team that included Kevin Morris, Tom Zverina, Robbie Leibel, Gabi Mandowsky, Shane Attersley and Tom Stevenson (corporate), Andrew Wong and Leila Ross (tax).
On March 27, 2012, Morneau Shepell Inc. (TSX:MSI) (Morneau Shepell) completed its public offering of C$75 million aggregate principal amount of 5.75% convertible unsecured subordinated debentures (the Debentures) due March 31, 2017 (the Offering), including C$5 million of debentures that were sold pursuant to an over-allotment option that was exercised by the underwriters.
The Offering was underwritten by a syndicate of underwriters led by National Bank Financial Inc. and TD Securities Inc. and included CIBC World Markets Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc. and GMP Securities L.P.
The net proceeds from the Offering will be used to repay indebtedness under the company's revolving credit facility, providing borrowing capacity for general corporate purposes and future strategic acquisitions.
Morneau Shepell provides human resource consulting and outsourcing services. Its solutions are designed to assist employers in managing the financial security, health and productivity of their employees.
Further information can be found on Marketwire's website.
The Offering was underwritten by a syndicate of underwriters led by National Bank Financial Inc. and TD Securities Inc. and included CIBC World Markets Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc. and GMP Securities L.P.
The net proceeds from the Offering will be used to repay indebtedness under the company's revolving credit facility, providing borrowing capacity for general corporate purposes and future strategic acquisitions.
Morneau Shepell provides human resource consulting and outsourcing services. Its solutions are designed to assist employers in managing the financial security, health and productivity of their employees.
Further information can be found on Marketwire's website.