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Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.

Baytex Energy Closes Cdn$632.5 Million Public Offering

Paul, Weiss client Baytex Energy Corp., a dividend-paying oil and gas corporation based in Calgary, Alberta, completed a public offering in Canada and the United States of 36.5 million common shares at Cdn$17.35 per share, including 4.8 million common shares pursuant to the full exercise of the over-allotment option. The syndicate of underwriters was co-led by Scotiabank and RBC Capital Markets. The net proceeds of the offering will be used to reduce bank indebtedness, increase working capital and fund ongoing capital expenditures.

The Paul, Weiss team included corporate partner Andrew Foley and counsel Stephen Centa; tax partner David Mayo; and environmental counsel William O'Brien.

Paul, Weiss Team

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