Client Work

Issuance of a $20 million convertible debenture to The Co-operators Financial Services Limited by Smart Employee Benefits Inc.

Reading Time 1 minute read

Overview

Client

Co-operators Financial Services Limited

Closed December 2020

On December 1, 2020, Smart Employee Benefits Inc. ("SEB") announced the completion of a C$20 million strategic PIPE financing with Co-operators Financial Services Limited. Fasken acted for Co-operators Financial Services Limited in connection with the transaction that included a convertible debenture, inter-creditor agreement and investor rights agreement.

The Fasken team was led by Gesta Abols and included, Aaron Stefan, Andrew Alleyne, Stuart Brotman, Daniel Conrad, Nathan Haldane, Rachel Charney and Zach Austin.

Jurisdiction

Ontario

Team

Gesta A. Abols, Partner | Co-Leader, cross border and international practice, Toronto, ON, +1 416 943 8978, gabols@fasken.com
Aaron J. Stefan, Partner, Toronto, ON, +1 416 868 3514, astefan@fasken.com
Andrew C. Alleyne, Partner, Toronto, ON, +1 416 868 3338, aalleyne@fasken.com
Daniel Conrad, Partner, Toronto, ON, +1 416 868 3351, dconrad@fasken.com
Nathan Haldane, Partner | Trademark Agent, Toronto, ON, +1 416 868 3366, nhaldane@fasken.com
Rachel Phillips, Partner, Toronto, ON, +1 416 865 5154, rphillips@fasken.com
Stuart Brotman, Partner | Leader, Insolvency & Restructuring, Toronto, ON, +1 416 865 5419, sbrotman@fasken.com
Zach Austin, Partner, Toronto, ON, +1 416 865 4375, zaustin@fasken.com