Parties
Company
DRI Healthcare Trust
Bank
Scotia Capital Inc.
Bank
CIBC World Markets Inc.
Bank
RBC Dominion Securities Inc.
Bank
National Bank Financial Inc.
Company
Canaccord Genuity Corp.
Company
Raymond James Ltd.
Bank
Merrill Lynch Canada Inc.
Bank
UBS Securities Canada Inc.
Company
Stifel Nicolaus Canada Inc.
DRI Healthcare Trust announced on September 14, 2023, and closed on September 20, 2023, a public offering of 8,200,000 units at C$11.00 per unit, raising C$90.2 million. Underwriters included Scotia Capital Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., Canaccord Genuity Corp., Raymond James Ltd., Merrill Lynch Canada Inc., UBS Securities Canada Inc., and Stifel Nicolaus Canada Inc.
Osler, Hoskin & Harcourt LLP acted for DRI, and Torys LLP advised the underwriters. Proceeds will fund royalty transactions, with units trading on the TSX as "DHT.UN" (CAD) and "DHT.U" (USD).
Deal Type
Public/Private OfferingIndustry
HealthcareTransaction
$ 90,200,000Deal Status
ClosedClosing Date
20 September 2023