Opérations et transactions|12 novembre 2013
Student Transportation's C$75 million debenture offering
Torys acted as counsel to the underwriters led by BMO Nesbitt Burns with a team that included Kevin Morris, Alison Harnick and Shirin Mirsaeidi (corporate/securities), Leila Ross and Andrew Wong (tax).
On November 12, 2013, Student Transportation Inc. (STI) completed its offering of 6.25% convertible unsecured subordinated debentures due June 30, 2019 at a price of C$1,000 per debenture for total gross proceeds of C$75 million.
The offering of debentures was completed on a bought deal basis and was underwritten by a syndicate of underwriters led by BMO Nesbitt Burns Inc. and including Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc. and Raymond James Ltd.
STI intends to use the net proceeds from the offering to repay indebtedness under its credit facilities and for general corporate purposes.
STI is North America's third-largest and most innovative supplier school bus transportation services and management services.
Further information can be found on Student Transportation's website.
The offering of debentures was completed on a bought deal basis and was underwritten by a syndicate of underwriters led by BMO Nesbitt Burns Inc. and including Scotia Capital Inc., National Bank Financial Inc., TD Securities Inc. and Raymond James Ltd.
STI intends to use the net proceeds from the offering to repay indebtedness under its credit facilities and for general corporate purposes.
STI is North America's third-largest and most innovative supplier school bus transportation services and management services.
Further information can be found on Student Transportation's website.