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 |
Mining |
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 |
Mining |
February 27, 2019 |
Senior credit facility |
NP |
NP |
$2.63 billion |
|
3
|
Seaspan Corp |
Maritime |
May 15, 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 |
Diversified support services |
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 |
Chemicals |
July 19, 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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