A group of agents, headed by CIBC World Markets and RBC Capital Markets, are coordinating a $300-million private offering of 3.761% senior unsecured debentures by Whitecap Resources Inc., due in 2028.
Whitecap Resources Inc. Secures Legal Counsel for $300-million Private Placement
In a significant move, Whitecap Resources Inc. has engaged the services of Hoskin & Harcourt LLP's Corporate department for its recent $300-million private placement offering. The syndicate of agents for this offering, comprising of 3.761% senior unsecured debentures due 2028, has sought legal advice from the renowned Canadian law firm.
Osler, another leading capital markets firm, advised the syndicate on a similar offering, making them a familiar name in such transactions. However, in this case, Hoskin & Harcourt LLP is the sole advisory firm mentioned in relation to the 2028 offering.
The team from Hoskin & Harcourt LLP, based in the Corporate department, is providing legal services to the syndicate of agents. The team, led by Dan Shea, Jessica Myers, Vivek Warrier, Josh Mamdani, and Ana Cherniak-Kennedy, is advising the syndicate on an unspecified matter.
This move comes as Whitecap Resources Inc. looks to strengthen its financial position, and the legal counsel from Hoskin & Harcourt LLP is expected to play a crucial role in this process. The exact nature of the advice being provided remains undisclosed, but the expertise of the Hoskin & Harcourt LLP team is sure to be invaluable to the syndicate of agents.
Hoskin & Harcourt LLP is a highly respected law firm, and the selection of their Corporate department for this significant offering underscores the firm's reputation for delivering quality legal services. The team's extensive experience in advising on complex transactions makes them well-suited to handle the intricacies of this private placement offering.
As the deal progresses, it will be interesting to see how the advice provided by Hoskin & Harcourt LLP contributes to the success of Whitecap Resources Inc.'s $300-million private placement offering. The syndicate of agents, with Hoskin & Harcourt LLP's guidance, is poised to navigate this complex financial transaction with confidence.
The $300-million private placement offering by Whitecap Resources Inc. required legal consultation from a reputable law firm, and Hoskin & Harcourt LLP, with their expertise in business and finance, was chosen for this task. The banking and insurance sectors, given the nature of the offering, are likely to be impacted as this transaction proceeds.
