Date Closed

July 11, 2007

Lead Office

Montréal

Value

218.50 Million CAD

On July 11, 2007, Homburg Invest Inc. completed a public offering of 41,630,000 class A subordinate voting shares (including over-allotment) at a price of C$5.25 per share for total proceeds to the company of C$218.5 million. The company's Class A shares are listed both on the TSX and on Euronext Amsterdam.
 
The underwriting syndicate was led by BMO Capital Markets and included CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Wellington West Capital Markets Inc. and Beacon Securities Ltd.

The net proceeds of the offering will be used to repay the outstanding balance of the senior and junior secured non-revolving bridge loans which were put in place to finance the acquisition by Hornburg Acquisition Inc., a wholly-owned subsidiary of Hornburg, of all of the issued and outstanding units of Alexis Nihon Real Estate Investment Trust with the balance of the net proceeds to be used for general corporate purposes.

Homburg Invest, headquartered in  Halifax, Nova Scotia, is a real estate investment and development company with properties in Canada, the United States and Europe

McCarthy Tétrault LLP represented BMO Capital Markets and the syndicate of undewriters, with a team led by Clemens Mayr.