Tidewater Midstream and Infrastructure Ltd. - 2016-03-22

Closed its bought deal financing in which 57.5 million common shares were issued at CA$1.40 each. Net proceeds will reduce debts partially incurred to fund the acquisition of certain AltaGas Ltd. infrastructure assets; this acquisition closed on February 29. The proceeds will also support general corporate purposes. Syndicate of underwriters was co-led by CIBC World Markets Inc., Macquarie Capital Markets Canada Ltd. and National Bank Financial Inc. It included Beacon Securities Ltd., Acumen Capital Finance Partners Ltd., FirstEnergy Capital Corp., GMP Securities LP, Cormark Securities Inc., Paradigm Capital Inc., AltaCorp Capital Inc., Canaccord Genuity Corp. and Desjardins Securities Inc.