Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

Stella-Jones completes US$80 million private placement

Reading Time 1 minute read Subscribe



Stella-Jones Inc.

On November 30, 2012, Stella-Jones Inc. completed the private placement of 1,176,500 subscription receipts at a price of $68.00 per subscription receipt for aggregate gross proceeds of approximately $80 million. RBC Capital Markets led a syndicate of underwriters for a private placement of 721,200 subscription receipts, and Stella Jones International S.A. purchased 455,300 subscription receipts on a private placement basis, thereby maintaining its current level of interest in Stella-Jones at 38.7%. The subscription receipts were automatically exchanged for common shares following completion of the acquisition of McFarland Cascade Holdings, Inc., a provider of treated wood products based in the state of Washington, later on November 30, 2012. Stella-Jones is a leading producer and marketer of pressure treated wood products, supplying North America’s railroad operators with railway ties, timbers and recycling services and the continent’s electrical utilities and telecommunications companies with utility poles. Stella-Jones also provides industrial products and services for construction and marine applications, as well as residential lumber to retailers and wholesalers for outdoor applications. Stella-Jones’s common shares are listed on the Toronto Stock Exchange. Fasken Martineau represented Stella-Jones with a team that included Peter Villani, Jean Michel Lapierre, Monica Dingle and Anabel Quessy (corporate/securities) and Gilles Carli (tax).



    Receive email updates from our team