Transaction|April 16, 2013
Norbord Inc. announces completion of secondary bought deal offering of its common shares
Torys acted as counsel to Brookfield Asset Management with a team that included Karrin Powys-Lybbe, Michael Siltala and Will Hooper.
On April 16, 2013, Norbord Inc. (Norbord) announced the completion of its secondary offering of common shares by Brookfield Asset Management Inc. (Brookfield), through an indirect wholly-owned subsidiary Brookfield International Limited (Brookfield IL, formerly Brysons International Limited).
The underwriters, led by TD Securities Inc., CIBC and Scotiabank, exercised their over-allotment option in full and consequently an additional 495,000 common shares were included in the offering upon closing, bringing the total common shares offered to 3,795,000, of which 3,245,000 were offered by Brookfield IL and 550,000 were offered by three senior executives of Norbord.
With the over-allotment, the gross proceeds of the offering, received by the selling shareholders, was C$125,235,000.
Norbord Inc. is an international producer of wood-based panels with 13 plant locations in the United States, Europe and Canada.
Brookfield Asset Management Inc., headquartered in Toronto, is a global alternative asset management company focused on property, power and infrastructure assets.
Further information can be found on Norbord's website.
The underwriters, led by TD Securities Inc., CIBC and Scotiabank, exercised their over-allotment option in full and consequently an additional 495,000 common shares were included in the offering upon closing, bringing the total common shares offered to 3,795,000, of which 3,245,000 were offered by Brookfield IL and 550,000 were offered by three senior executives of Norbord.
With the over-allotment, the gross proceeds of the offering, received by the selling shareholders, was C$125,235,000.
Norbord Inc. is an international producer of wood-based panels with 13 plant locations in the United States, Europe and Canada.
Brookfield Asset Management Inc., headquartered in Toronto, is a global alternative asset management company focused on property, power and infrastructure assets.
Further information can be found on Norbord's website.