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Aecon Group Inc. Completes a $172,500,000 Public Offering of Convertible Debentures

Published: 09/30/2009

By Bruce C. Bell, Jay F. King, Christopher B. Norton, John P. Vettese

On September 29, 2009, Aecon Group Inc. completed the issuance of convertible unsecured subordinated debentures on a bought deal basis to a syndicate of underwriters co-led by GMP Securities L.P. and TD Securities Inc., and including Raymond James Ltd., CIBC World Markets Inc., Paradigm Capital Inc., BMO Capital Markets, Canaccord Capital Corporation, National Bank Financial Inc., Genuity Capital Markets and Macquarie Capital Markets Canada Ltd. As a result of the exercise on closing of the over-allotment option granted to the underwriters, the total gross proceeds of the offering were $172,500,000.

Cassels Brock acted for the underwriters with a team that included John Vettese (Securities), Jay King (Securities) and Simon Flood (Securities), Chris Norton (Tax) and Bruce Bell (Financial Services).