RBC Capital Markets

Ducommun Incorporated Confirms Receipt of Unsolicited, Non-Binding Indication of Interest From Albion River

Retrieved on: 
Monday, April 8, 2024
History, Simpson Thacher & Bartlett, DCO, RBC Capital Markets, Financial adviser

The Company’s shareholders do not need to take any action at this time and the Board has made no decision with respect to the Company’s response to the indication of interest.

Key Points: 
  • The Company’s shareholders do not need to take any action at this time and the Board has made no decision with respect to the Company’s response to the indication of interest.
  • Ducommun has a rich 175-year history and is the oldest continuously operating company in California.
  • In 2023, the Company’s shareholders benefitted from a year-over-year increase in market capitalization from $605M in 2022 to $760M.
  • RBC Capital Markets, LLC is acting as a financial advisor to Ducommun, and Simpson Thacher & Bartlett LLP is acting as legal counsel.

Theratechnologies Appoints Elina Tea to its Board of Directors

Retrieved on: 
Friday, April 5, 2024
Corporation, SNC-Lavalin, McGill University, Chair, Desjardins Group, Office of the President, Commerce, TSX, GLS, M&A, Corporate development, RBC Capital Markets, Management

Tea will be Investissement Québec’s designee pursuant to its investor rights agreement with the Company.

Key Points: 
  • Tea will be Investissement Québec’s designee pursuant to its investor rights agreement with the Company.
  • “Elina Tea’s extensive experience in finance, corporate strategy, and investor relations makes her a valuable addition to our Board of Directors,” said Dawn Svoronos, Chair of the Board of Directors at Theratechnologies.
  • She brings a welcomed perspective to Theratechnologies as the Company focuses on its commercial business and the search for new products and partners.”
    “It’s an honor to join the distinguished Board of Directors of Theratechnologies and I look forward to contributing to the Company’s path to success and value creation,” said Elina Tea.
  • With the appointment of Elina Tea, the Company’s Audit Committee will now comprise four independent members including the recently appointed Jordan Zwick, Gerald Lacoste, and Frank Holler as Chair.

Bombardier Announces Expiration of Early Tender Date for its Cash Tender Offer for Certain Outstanding Senior Notes

Retrieved on: 
Friday, April 5, 2024
TD Securities, Bombardier Inc., Corporation, Expiration, Date, Nature, Tender offer, Tender, Trustee, Debt-to-GDP ratio, RBC Capital Markets, Security (finance)

As of the Early Tender Date for the Tender Offer, US$496,512,000 aggregate principal amount of the Notes were validly tendered and not validly withdrawn.

Key Points: 
  • As of the Early Tender Date for the Tender Offer, US$496,512,000 aggregate principal amount of the Notes were validly tendered and not validly withdrawn.
  • All Notes that were validly tendered and not validly withdrawn at or before the Early Tender Date will be accepted for purchase by Bombardier on the Early Settlement Date.
  • All such Notes that have been accepted will be settled on the Early Settlement Date in accordance with the terms of the Tender Offer as set forth in the Offer to Purchase.
  • Holders validly tendering Notes after the Early Tender Date but at or prior to the Expiration Date will only be eligible to receive the “Tender Offer Consideration” listed in the table in the Offer to Purchase on the Final Settlement Date.

Contineum Therapeutics Announces Pricing of Initial Public Offering

Retrieved on: 
Friday, April 5, 2024
Montgomery Street, Goldman Sachs, Vesey Street, Telephone, Inflammation, SAN, Sale, Attention, Security (finance), Prospectus, Morgan Stanley, Suite, Therapy, Varick Street, Equity capital markets, RBC Capital Markets

All of the shares are being offered by Contineum.

Key Points: 
  • All of the shares are being offered by Contineum.
  • The gross proceeds to Contineum from the offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by Contineum, are expected to be $110.0 million.
  • In addition, Contineum has granted the underwriters a 30-day option to purchase up to an additional 1,031,250 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions.
  • Goldman Sachs & Co. LLC, Morgan Stanley, Stifel, and RBC Capital Markets are acting as joint book-running managers for the offering.

Ninepoint Partners Appoints Christopher Bean as Head of Corporate Development

Retrieved on: 
Wednesday, April 3, 2024
Stikeman Elliott, Bean, Growth, LLP, University, RBC, Investment, MBA, Corporate development, RBC Capital Markets, Management

TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”), one of Canada’s leading alternative investment management firms, announced the appointment of Christopher Bean as Managing Director, Head of Corporate Development.

Key Points: 
  • TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”), one of Canada’s leading alternative investment management firms, announced the appointment of Christopher Bean as Managing Director, Head of Corporate Development.
  • In this role, he will be responsible for identifying, evaluating, and executing strategic initiatives to drive growth of the organization.
  • Bean has more than two decades of experience as an investment banker, strategic advisor and corporate lawyer.
  • Bean holds an MBA from INSEAD and a Bachelor of Laws from the University of Western Ontario.

DataBank Establishes $725 Million Financing to Support the Next Phase of Expansion

Retrieved on: 
Tuesday, April 9, 2024
Bank of America, PUE, Data, Green bond, TD Securities, Nomura Securities, Goldman Sachs, JPMorgan Chase, Power usage effectiveness, CoBank, Acquisition, A.I, Carbon, Preferred Bank, Water, Citizens Bank, RBC Capital Markets, Cryptocurrency

DALLAS, April 9, 2024 /PRNewswire/ -- DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services, announced today that it has established a new $725 million credit facility with which to finance its ongoing and future data center construction projects. 

Key Points: 
  • Flexible financing vehicle will allow company to accelerate construction projects to meet surging demand for data center capacity driven by A.I.
  • The new capital will fund ongoing expansion in existing markets including on its campuses in New York, Denver, Minneapolis, Salt Lake City, and Dallas.
  • The financing provides an attractively priced source of capital that is a long-term and scalable solution to meet accelerating demand for capacity within DataBank's footprint.
  • This also will represent DataBank's second green financing, following closely on the heels of the February 2024 Green Bond.

Brookfield Renewable Announces $150 Million Green Perpetual Subordinated Note Issuance and Intention to Redeem Series 15 Preferred Units

Retrieved on: 
Monday, March 25, 2024
Brookfield Renewable Partners, BofA Securities, Natural gas, BEPC, Wells Fargo, Limited partnership, Partnership, BEP, Sale, Brookfield (corporation), Wind, Carbon, TSX, Investment, RBC Capital Markets, J.P. Morgan & Co., Security (finance)

BROOKFIELD, News, March 25, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) and Brookfield Renewable Corporation (NYSE, TSX: BEPC) (together with Brookfield Renewable Partners L.P., “Brookfield Renewable”) today announced the closing of the issuance of a series of $150 million of fixed rate green perpetual subordinated notes (the “sub notes”), which upon settling of a concurrently executed Canadian dollar swap have an effective coupon rate of 6.78%. The sub notes, which have a coupon of 7.25%, will be listed on the New York Stock Exchange under the symbol “BEPJ” and have the same accounting and rating treatment as our Preferred Limited Partnership (“LP”) Units.

Key Points: 
  • The sub notes will represent Brookfield Renewable’s thirteenth green labelled corporate securities issuance and the second issuance under Brookfield Renewable’s 2024 Green Financing Framework.
  • Brookfield Renewable intends to redeem all of its outstanding Series 15 Preferred Units (TSX: BEP.PR.O) for cash on April 30, 2024.
  • Holders of Series 15 Preferred Units of record as of April 15, 2024 will receive the previously declared final quarterly distribution of C$0.359375 per Series 15 Preferred Unit.
  • Brookfield Renewable is the flagship listed renewable power and transition company of Brookfield Asset Management, a leading global alternative asset manager with over $900 billion of assets under management.

Bombardier Increases the Maximum Amount Sought Under its Cash Tender Offer Previously Announced Today

Retrieved on: 
Friday, March 22, 2024
TD Securities, Bombardier Inc., RBC Capital Markets, Nature, Tender offer, Tender, Trustee, Debt-to-GDP ratio, Security (finance)

The Tender Offer and the Offer to Purchase are hereby amended as follows:

Key Points: 
  • The Tender Offer and the Offer to Purchase are hereby amended as follows:
    The Aggregate Maximum Purchase Amount shall be raised from US$400,000,000 to US$550,000,000.
  • Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.
  • Bombardier has retained RBC Capital Markets, LLC and TD Securities (USA) LLC to serve as dealer managers for the Tender Offer.
  • Bombardier has retained Global Bondholder Services Corporation to act as the information and tender agent in respect of the Tender Offer.

Bombardier Announces Cash Tender Offer for Certain Outstanding Senior Notes

Retrieved on: 
Friday, March 22, 2024
TD Securities, Expiration, Date, Nature, Settlement, Tender offer, Tender, Trustee, Debt-to-GDP ratio, Hand, RBC Capital Markets, Security (finance)

The Total Consideration includes, in each case, an early tender payment (the “Early Tender Payment”) of US$30.00 for each US$1,000 principal amount of the Notes, which Early Tender Payment is in addition to the Tender Offer Consideration (as defined below).

Key Points: 
  • The Total Consideration includes, in each case, an early tender payment (the “Early Tender Payment”) of US$30.00 for each US$1,000 principal amount of the Notes, which Early Tender Payment is in addition to the Tender Offer Consideration (as defined below).
  • Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.
  • Bombardier has retained RBC Capital Markets, LLC and TD Securities (USA) LLC to serve as dealer managers for the Tender Offer.
  • Bombardier has retained Global Bondholder Services Corporation to act as the information and tender agent in respect of the Tender Offer.

Strategic Execution and Corporate Simplification Continues – ECN Capital Announces Completion of the Sale of Red Oak Inventory Finance to BharCap Partners

Retrieved on: 
Thursday, March 21, 2024
RV, Sale, LLP, TSX, Housing, Cravath, Swaine & Moore, Red oak, ECN, RBC Capital Markets

TORONTO, March 21, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today announced the sale of Red Oak Inventory Finance (“Red Oak”) to BharCap Partners.

Key Points: 
  • TORONTO, March 21, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today announced the sale of Red Oak Inventory Finance (“Red Oak”) to BharCap Partners.
  • The transaction closed on February 21, 2024.
  • This transaction is another milestone in ECN Capital’s corporate simplification plan and strategic review process for the Company’s RV & Marine platform.
  • RBC Capital Markets acted as sole financial advisor to the Company, and Cravath, Swaine & Moore LLP acted as legal advisor to the Company in connection with the transaction.