Paul, Weiss is an acknowledged leader among U.S. law firms representing Canadian public and private companies and their underwriters. With almost 50 years of history in Canada and an office in Toronto, our vibrant Canada practice is the largest among U.S. law firms and reflects our long-standing commitment to our clients in their Canadian–U.S. cross-border matters.
STP Closes Cdn$260 Million High Yield Offering
- Client News
- January 25, 2013
Practices
Southern Pacific Resource Corp. (STP) closed its high yield offering of Cdn$260 million aggregate principal amount of 8.75% Senior Secured Second Lien Notes due 2018, pursuant to Rule 144A in the United States and pursuant to Regulation S outside the United States. In connection with the offering, Paul, Weiss represented the underwriters, led by TD Securities Inc., RBC Capital Markets Inc., Credit Suisse Securities (Canada), Inc. and BMO Nesbitt Burns Inc.
STP is engaged in the exploration, development and production of in-situ thermal heavy oil and bitumen production in the Athabasca oil sands region of Alberta, Canada, and in Senlac, Saskatchewan, Canada.
The Paul, Weiss team included corporate partner Adam Givertz; environmental counsel William O'Brien; and tax partner David Mayo.