The Firm acted as U.S. counsel for BMO Nesbitt Burns, Credit Suisse Securities (Canada), Barclays Capital Canada, RBC Dominion Securities, CIBC World Markets, HSBC Securities (Canada), and Morgan Stanley Canada as underwriters in connection with a public offering in Canada by MEG Energy Corp. (“MEG”) of 12,125,000 common shares. The common shares were offered in the United States to qualified institutional buyers under Rule 144A and outside the United States to non U.S. persons in accordance with Regulation S. MEG intends to use the net proceeds from the offering to partially fund its capital expenditure program and for other ongoing working capital and general corporate purposes.
MEG is focused on sustainable in situ oil sands development and production in the southern Athabasca region of Alberta, Canada. MEG is actively developing enhanced oil recovery projects that utilize SAGD extraction methods.
The Simpson Thacher team included Kenneth Wallach, Ryan Bekkerus, Karen Wang and Jonathan Stradling (Capital Markets & Securities) and Andrew Pagliughi (Blue Sky).
