Date Closed

May 15, 2024

Lead Office

Toronto

Value

96.53 Million CAD

On May 15, 2024, TerraVest Industries Inc. ("TerraVest") closed its C$96.53 million upsized bought deal treasury offering and concurrent closing of the exercise in full of the over-allotment option granted to a syndicate of underwriters co-led by National Bank Financial Inc., Canaccord Genuity Corporation, and Desjardins Capital Markets ("the Underwriters"). Pursuant to the offering, TerraVest issued an aggregate 1,300,000 common shares at a price of C$74.25 per common share. The gross proceeds of the offering include 166,000 common shares issued at the same offer price on the exercise in full of the over-allotment option granted to the Underwriters.

TerraVest, headquartered in Vegreville, Alberta, Canada, is a diversified industrial company that sells goods and services to a variety of end markets, specializing in home heating products, propane, anhydrous ammonia (“NH3”) and natural gas liquids (“NGL”) transport vehicles and storage vessels, energy processing equipment and fiberglass storage tanks.

McCarthy Tétrault advised TerraVest with a team led by Rami Chalabi that included Lama Kahiel, Alyson Goldman, Farhiyah Shariff, Trena Graff, Sarah Chen (Business), Raj Juneja and Kathryn Walker (Tax).