Keith Chatwin

Keith R. Chatwin Partner

Representative Work
  • The syndicate of agents in Pembina Pipeline Corporation’s C$1.5B offering of senior unsecured medium term notes, including a C$600M offering of 2.56% notes maturing 2023, a C$600M offering of 3.31% maturing 2030, and a C$300M re-opening of 4.54% notes due 2049.
  • Euronext in its acquisition of all of the shares of Oslo Børs VPS at NOK 158 plus a fixed interest payment of NOK 3.21 per share for aggregate consideration of approximately US$790M.

  • Baytex Energy Corp. in its all-stock acquisition of Raging River Exploration Inc. to create a combined organization with an enterprise value of approximately C$5B.
  • ILJIN Group in connection with its solicitation of proxies to replace certain directors of Aurinia Pharmaceuticals Inc. at its annual general meeting in 2019.

  • AltaGas Ltd. in its C$8.4B cross-border acquisition of WGL Holdings, Inc., including related financing, consisting of a US$4.95B bridge facility, a C$2.1B bought deal public offering of subscription receipts and a concurrent C$400M private placement of subscription receipts to OMERS.
  • A confidential project participant in upstream and downstream commercial arrangements in connection with the LNG Canada project.

  • An undisclosed bidder in its proposed acquisition of Enbridge Inc.’s provincially and federally regulated natural gas pipeline and processing facilities.

  • Canexus Corporation in its C$900M acquisition by Chemtrade Logistics Income Fund.
  • Sterling Resources Ltd. in its reverse take-over of PetroTal Ltd. on the TSX-V and concurrent acquisition of certain Peruvian oil and gas assets of Gran Tierra Energy Inc.
  • Sterling Resources Ltd. (“Sterling”) in the US$163M sale by Sterling and its wholly-owned subsidiary, SRUK Holdings Ltd., of Sterling Resources (UK) Ltd. to Oranje-Nassau Energie B.V.
  • AltaGas Ltd. in its sale of the AltaGas Northcentral Processing Limited Partnership to Tidewater Midstream and Infrastructure Ltd.
  • The independent committee of Oando Energy Resources Inc. in its acquisition by Oando PLC and certain institutional shareholders pursuant to a plan of arrangement for cash consideration of US$1.20 per share, implying a transaction value of US$13.7M and an equity value of approximately US$955.3M.
  • Legacy Oil + Gas Inc. in its C$1.5B sale to Crescent Point Energy Corp.
  • Caracal Energy Inc. in its C$1.5B acquisition by a wholly-owned subsidiary of Glencore Xstrata Plc.
  • AltaGas Ltd. in its strategic alliance with Painted Pony Petroleum Ltd. in connection with the development of gathering and processing facilities and other infrastructure required to connect northeastern British Columbia natural gas production and natural gas liquids with export markets, including related marketing agreements and its acquisition, on a private placement basis, of approximately $50M of common shares of Painted Pony.
  • PetroChina International Investment Company Limited, directly and indirectly through its subsidiary Phoenix Energy Holdings Limited, in its C$1.9B acquisition of a 60% working interest in Athabasca Oil Corp.’s MacKay River and Dover oil sands projects, and in its subsequent acquisitions of the remaining 40% interest in the MacKay River project for C$680M and the remaining 40% interest in the Dover project for C$1.2B.
  • AltaGas Idemitsu Joint Venture Limited Partnership in its C$880M acquisition of a two-thirds ownership interest in Petrogas Energy Corp.
  • Sterling Resources Ltd. in connection with the defense of an unsolicited takeover bid by the Vitol Group and the consideration of alternate transactions.
  • China National Offshore Oil Company in its US$19.5B cash acquisition of Calgary-based Nexen Inc., including the assumption of debt.
  • AltaGas Ltd. in its US$1.135B acquisition of SEMCO Holding Corporation and concurrent offering of C$403M subscription receipts, C$230M acquisition by plan of arrangement of Pacific Northern Gas Ltd. and US$515M acquisition of Blythe Energy, LLC and related financing.
  • Canexus Corporation in its high yield debt offering consisting of a private placement of C$110M aggregate principal amount of 7.875% senior unsecured notes due 2023.
  • Sterling Resources Ltd. in a series of recapitalization transactions consisting of a rights offering, debt-to-equity conversion, subsequent refinancing of its wholly-owned subsidiary’s senior secured bond and entrance into a super senior credit facility.
  • CNOOC Limited in its listing of American Depositary Receipts on the TSX, becoming the largest entity by value listed on the TSX.
  • Syndicates of dealers or underwriters in connection with Pembina Pipeline Corporation's bought deal offerings of common shares and preferred shares and offerings of medium term notes, including most recently its$250M bought deal offerings of preferred shares.
  • Compton Petroleum Corporation in its successive recapitalizations of certain senior notes, consolidation of share capital and related rights offerings.