RE:RE:Accretive acquisitionRookie__Here are the DETAILS of the OFFERING
Subscription Receipt Offering
The Company has entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by TD Securities Inc. and National Bank Financial Inc. to issue 8,231,000 subscription receipts (the “Subscription Receipts”), on a bought deal basis, at an issue price of $36.45 per Subscription Receipt (the “Offering Price”), for total gross proceeds of approximately $300 million (the “Public Offering”). The Company has granted the Underwriters an over-allotment option to purchase, in whole or part, up to an additional 1,234,650 Subscription Receipts at the Offering Price to cover over-allotments, if any, exercisable at any time and from time to time until the date that is 30 days following the closing of the Offering. If the over-allotment option is exercised in full, gross proceeds from the Public Offering will be approximately $345 million.
Additionally, the Company will issue, at the Offering Price, 2,745,000 subscription receipts to AIMCo on a private placement basis (the “Private Placement”), for gross proceeds of approximately $100 million. The subscription receipts sold pursuant to the Private Placement and the underlying Common Shares (defined below) will be subject to a statutory hold period of 4 months from the closing date of the Private Placement. TD Securities Inc. is acting as sole agent and sole bookrunner on the Private Placement.