AutoCanada Inc. issues C$150 million private placement of senior unsecured notes

Date Closed: 5/22/2014

Value: C$150 million

On May 22, 2014, AutoCanada Inc. (AutoCanada) issued by way of private offering, $150 million aggregate principal amount of 5.625% senior unsecured notes due May 25, 2021 (the Notes).

The offering was underwritten by RBC Capital Markets and Scotiabank, as joint bookrunning managers, in a syndicate that included HSBC Securities (Canada) Inc., Clarus Securities Inc., CIBC World Markets Inc., Canaccord Genuity Corp., Cormark Securities Inc. and GMP Securities L.P.

AutoCanada, headquartered in Edmonton, Alberta, is a large multi-location automobile dealership group.

BLG represented AutoCanada Inc. with a team led by Bruce Lawrence that included Lloyd McLellan, Melissa Smith and Peter Newman.