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Cassels Brock Represents the Agents in Finning International Inc.'s $200 Million Senior Note Offering

Published: 09/29/2017

Team: Gordon R. Chambers, John T.C. Christian, Arend J.A. Hoekstra, Aimee O'Donnell

On September 29, 2017, Finning International Inc. completed a private placement of $200 million principal amount of 2.84% Senior Unsecured Notes due September 29, 2021, ranking pari passu with existing senior unsecured obligations of Finning. Proceeds from the issuance of the motes will be used to fund, in part, the redemption prior to maturity of all of Finning’s outstanding $350 million principal amount 6.02% Medium Term Notes due June 1, 2018.

The offering was completed by a syndicate of agents comprised of CIBC Capital Markets, RBC Capital Markets and Scotiabank (as joint bookrunners), together with BMO Capital Markets, Citigroup Global Markets Canada Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Merrill Lynch Canada Inc., MUFG Securities (Canada), Ltd. and Wells Fargo Securities Canada, Ltd.

Cassels Brock acted for the agents with a deal team that included Gordon Chambers, John Christian, Arend Hoekstra and Aimee O’Donnell (Securities).