Biggest stock and debt deals in B.C. in 2019

 

Ranked by size of the deal in CAD

Published April 6, 2020. Sources: Interviews with companies below, agents and/or advisers and BIV research. Foreign currency has been converted using Bank of Canada's closing rate on date of deal closure. NP = Not provided

Scroll to the end to download the entire list, as well as versions from previous years. One of two lists that make up the Top 100 Corporate Finance Deals of 2019; see also biggest B.C. (non-mining) mergers and acquisitions of 2019.

For mining M&As, see biggest B.C. mining mergers and acquisitions of 2019.

Rank '20 Recipient company Sector Date deal announced/closed Deal description Partial list of law firms involved Partial list of underwriters and avisers involved Deal value in CAD
1

Teck Resources Ltd
TSX:TECK.B
teck.com

Mining

May 30, 2019
May 30, 2019

US$2.5 billion limited recourse project financing facility to fund the development of the Quebrada Blanca Phase 2 project

NP

Japan Bank (syndication agent); Export Development Canada, Export-Import Bank of Korea, German Government for the Untied Loan Guarantee Program, KFW IPEX-Bank GMBH, BMO Capital Markets, BNP Paribas, ING Bank, Mizuho Bank Ltd, MUFG Bank Ltd and Sumitomo Mitsui Banking Corp

$3.38 billion

2

Wheaton Precious Metals Corp
TSX:WPM
wheatonpm.com

Mining

February 27, 2019
February 27, 2019

Senior credit facility

NP

NP

$2.63 billion

3

Seaspan Corp
NYSE:SSW
seaspancorp.com

Maritime

May 15, 2019
September 19, 2019

$500 million accordion, increasing portfolio financing program to $1.5 billion

NP

BMO Capital Markets, CitiGroup, Wells Fargo Bank (joint bookrunners)

$1.99 billion

4

Province of British Columbia
Government
gov.bc.ca

Diversified support services

NP
NP

US$1.25 billion aggregate principal amount 1.750% bonds, Series BCUSG-10, due September 27, 2024

Osler, Hoskin & Harcourt LLP (TD Securities); Shearman & Sterling LLP (the Province of British Columbia); David Polk & Wardell (underwriters)

TD Securities, BMO Capital Markets, CIBC World Markets, RBC Capital Markets, National Bank of Canada Financial, Scotia Capital, Bank of America Securities, Crédit Agricole Corporate and Investment Bank, HSBC Bank, J.P. Morgan Securities and Société Générale

$1.66 billion

5

Methanex Corp
TSX:MX; Nasdaq:MEOH
methanex.com

Chemicals

July 19, 2019
July 25, 2019

Extended the existing US$300 million revolving facility and introduced a new five-year US$800 million construction facility

McCarthy Tetrault LLP (Methanex); Farris, Vaughan, Wills & Murphy LLP (lenders)

RBC Capital Markets (lender)

$1.45 billion

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