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28 de septiembre de 20231 minute read

DLA Piper Canada advised Highwood Asset Management in key acquisitions for $139 million‎ and ‎related market equity financing and credit facility

On August 3, 2023, Highwood Asset Management Ltd. (“Highwood”) (TSXV: HAM) announced  that it had completed the acquisitions of Castlegate Energy Ltd., Boulder Energy Ltd. and Shale Petroleum Ltd for over $139 million. DLA Piper Canada assisted Highwood with the acquisitions, in addition to a $35 million equity financing and new credit facility.

The cash portion of the purchase price of the acquisitions was funded through the net proceeds of the equity financing and proceeds from a credit facility with Royal Bank of Canada and ATB Financial. The offering was conducted pursuant to an agency agreement with a syndicate of agents led by RBC Capital Markets, Echelon Wealth Partners Inc. and Raymond James Ltd.

Read more about the acquisitions and related financing and credit facility here.

The DLA Piper team assisting Highwood was led by Trevor Wong-Chor and included Michael Styczen, Matthew Pollock, Derrick Auch, Jennifer Arndt, Kevin Fritz, Imran Dhanji, Graham H. Norris, Kevin Nelson, Jonathan Brown, Brenden Cowlishaw, Jenny Du and Lubaina Baloch.