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CCCA_V7No1_Col-DealDevelop-FIN_CCCA_V6No4 2/12/13 6:27 PM Page 48 AND TM Canada Housing Trust No. 1 (con’d) Details: (con’d) the issuance of Floating Rate Canada Mortgage Bonds , Series 50, in an aggregate principal amount of $3,000,000,000 and TM 2.400 per cent Canada Mortgage Bonds , Series 48 (Re-Opening), in an aggregate principal amount of $2,250,000,000 for a combined TM total of $5,250,000,000 of Canada Mortgage Bonds , which were provided with Canada’s sovereign guarantee through Canada TM Mortgage and Housing Corporation (CMHC). Date: Closed November 23, 2012. On the Deal: For CMHC and Canada Housing Trust No. 1: In-house by Sébastien Gignac, Reem Hindieh and Audrey Chauvin; Rosalind Morrow and Mark Lau (corporate and securities), Stephen Redican, Gus Karantzoulis, Tiffany Murray and Jenna Grant (banking and financial services), and Larissa Tkachenko (tax) and Johanne Thomas (civil), Borden Ladner Gervais LLP. For the Underwriting Syndicate (for both Series 50 and Series 48 (Re-Opening)): National Bank Financial Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc. and The Toronto-Dominion Bank. For the Underwriters: Carol Pennycook, Sonny Bhalla and Bradley Ashkin (corporate and securities) and Ron Wilson (tax), Scott Tayne (corpo- rate and securities) and Candice Turner (tax), Davies Ward Phillips & Vineberg LLP. Pure Industrial Real Estate Trust Details: Pure Industrial Real Estate Trust (PIRET) (TSXV: AAR.UN) announced the successful closing of two multi-tenant industrial prop- erties in Richmond, B.C. Known as the “Richmond Portfolio,” the two Richmond properties comprise an aggregate GLA of 927,351 square feet, which is 100 per cent leased to four high-quality multi-national and regional tenants with a weighted average remain- ing lease term of approximately five years. The properties are located at 16131 and 16133 Blundell Road, Richmond, B.C., and were acquired for an aggregate purchase price of $102,460,000, representing a 6.16 per cent going-in capitalization rate. PIRET acquired the properties using proceeds from its bought deal financing that closed on December 12, 2012, and through the assumption of the first mortgage representing 55.83 per cent of the purchase price at a weighted interest rate of 4.71 per cent per annum. Date: Closed December 20, 2012. On the Deal: For PIRET: James Speakman and Shauna Towriss, and others, Clark Wilson LLP. For the Vendor, KingSett Canadian Real Estate Income Fund LP: Simon Crawford, John van Gent and Michael Kershaw, Bennett Jones LLP. Compiled by Gina Fusco. 48 CCCA Canadian Corporate Counsel Association SPRING 2013