Ranking ahead of common equity and behind senior debt in the capital stack, structured equity, convertible and preferred instruments, hybrid notes and other hybrid capital instruments have proven to be attractive financing tools that can support issuers and investors in achieving a range of strategic objectives. For decades, Torys has been widely considered among the best and most creative corporate practices, working closely with investors (pension funds, asset managers, private equity funds and other institutional investors) and issuers in a full range of industries on complex, bespoke and first-of-kind equity and equity-like investments in Canada and the United States.

With an integrated team of market-leading corporate, M&A, securities, private equity and tax practitioners in Canada and the United States, we routinely advise on all manner of transactions involving hybrid instruments. Our experience gives us a firm grasp on both prevailing and emerging market trends and uniquely positions us to support investors and issuers on these complex transactions.