Transaction|March 10, 2021
Stelco completes secondary offering
Torys acted as counsel to BMO Capital Markets as the underwriter with a team that included Mike Amm, Rima Ramchandani, Braden Jebson, Daniel Masliyah and Melodie Adamson (Canadian securities), Mile Kurta and Chris Bornhorst (U.S. securities).
On March 10, 2021, Stelco Holdings Inc. completed a bought deal secondary offering of 7,000,000 common shares sold by Bedrock Industries Coöperatief U.A.. The offering was priced at C$26.25 per common share for aggregate gross proceeds of C$183,750,000 to Bedrock Industries Coöperatief U.A.
The offering was led by BMO Capital Markets.
Further information can be found on Canada Newswire’s website.
Stelco is a low cost, integrated and independent steelmaker with one of the newest and most technologically advanced integrated steelmaking facilities in North America.