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Cassels Brock Represents the Underwriters as Algonquin Power Completes an $85M Public Offering

Published: 10/31/2011

By Chad Aboud, Christopher B. Norton, Kerian Wallace, Nicole Washington

On October 27, 2011, Algonquin Power & Utilities Corp. ("APUC") announced that it has closed its previously announced public offering (the "Offering") of common shares of APUC. Under the terms of the Offering, APUC issued 15,100,000 Common Shares at a price of $5.65 per share, for gross proceeds of approximately $85 million.

The Common Shares were sold pursuant to an underwriting agreement with a syndicate of underwriters co-led by Scotia Capital Inc. and BMO Nesbitt Burns Inc. and including CIBC World Markets Inc., National Bank Financial Inc., TD Securities Inc., Macquarie Capital Markets Canada Ltd., RBC Dominion Securities Inc., Canaccord Genuity Corp., Desjardins Securities Inc., Stifel Nicolaus Canada Inc., Mackie Research Capital Corporation and Cormark Securities Inc (collectively, the "Underwriters").

The Underwriters were represented by Cassels Brock by a team that included Norman Findlay (Securities), Nicole Washington (Securities), Chad Aboud (Securities), Christopher Norton (Tax) and Kerian Wallace (Student).

Blake, Cassels & Graydon LLP acted for the company, Algonquin Power & Utilities Corp.