skip to main content

Back to all Representative Matters
Aug 17, 2017

Allied Properties Real Estate Investment Trust Completes $300 Million Public Equity Offering

Barbara Worndl, Michael D. Smith, Tyler Brent, Melanie Cole, Anne E. Miatello, Sherri M. Altshuler and Margaret T. Nelligan

Allied Properties Real Estate Investment Trust (“Allied”), a leading owner, manager and developer of urban office environments operating in Canada’s major cities, recently completed a $300 million public equity offering of units.

On August 17, 2017, Allied completed an offering of 7,695,000 units (inclusive of 770,000 units issued pursuant to the exercise in full of the underwriters’ over-allotment option) at a price of $39.00 per unit for gross proceeds of just over $300 million. Allied intends to use the net proceeds from this offering: (a) to repay amounts drawn on its unsecured revolving operating facility used for general capital funding relating to Allied’s capital improvements, acquisitions and intensification projects; (b) to fund capital investment over the remainder of 2017; and (c) for general trust purposes.

Aird & Berlis LLP represented Allied with a team comprised of Margaret Nelligan, Sherri Altshuler, Anne Miatello, Melanie Cole, Daniel Everall and Tyler Brent (corporate and securities), Mike Smith and Aaron Silver (real estate), and Barbara Worndl (tax).

Areas of Expertise

Related Representative Matters

Representative Matters
MediPharm Labs Completes $75 Million Bought Deal Financing Melanie Cole, Amy Marcen-Gaudaur, Meredith McCann and Barbara Worndl Jun 18, 2019 MediPharm Labs Corp., a leader in specialized, research-driven cannabis extraction and cannabinoid isolation, recently completed a $75 million bought deal offering of common shares.
Representative Matters
Alexandria Minerals Corporation to be Acquired by O3 Mining Inc. Jeffrey K. Merk, Thomas A. Fenton, Nathan Gates and Francesco Gucciardo May 21, 2019 Alexandria Minerals Corporation has entered into a definitive arrangement agreement with Chantrell Ventures Corp.
Representative Matters
Veridian Corporation and Whitby Hydro Complete Merger Ron W. Clark, Jeremy D. Burke, Stephen Crawford, Sarah Newman, Dennis M. O'Leary, Barbara Worndl, Lorenzo Lisi and Barbra H. Miller Apr 01, 2019 On April 1, 2019, Veridian Corporation and Whitby Hydro Energy Corporation amalgamated to form Elexicon Corporation, and their subsidiaries amalgamated to form a single regulated electricity distribution subsidiary, Elexicon Energy Inc., and a non-regulated subsidiary, Elexicon Group Inc.