Date Closed

May 29, 2018

Lead Office

Toronto

Value

250.00 Million CAD

On May 29, 2018, Intact Financial Corporation closed a bought deal offering with a syndicate of underwriters pursuant to which the underwriters purchased 10,000,000 Non-Cumulative Rate Reset Class A Shares, Series 7 at a price of C$25.00 per share for gross proceeds of C$250 million. The net proceeds of the offering will be used for general corporate purposes.

The syndicate was led by TD Securities together with BMO Capital Markets, CIBC Capital Markets and National Bank Financial.

Intact Financial is the largest provider of property and casualty insurance in Canada. Headquartered in Toronto, Intact Financial has close to C$10 billion in total annual premiums.

McCarthy Tétrault LLP advised the syndicate with a team led by Andrew Parker and Patrick Boucher that included Fraser Bourne and Thomas Etienne.