MLT Assists Pacific & Western Bank of Canada with IPO and TSX Listing

This post was written prior to our January 2017 merger, under our previous firm name, MacPherson Leslie & Tyerman LLP.

Pacific & Western Bank of Canada (PWB) recently completed its initial public offering and listing on the Toronto Stock Exchange. The IPO included a concurrent secondary offering by PWB’s parent company, Pacific & Western Credit Corp. (PWC), both being long-term and very valued clients of MLT. The offering, made through a syndicate of agents led by RBC Dominion Securities Inc., was one of the very few IPOs completed by a Canadian Schedule I Bank in recent decades. MLT’s Danny Anderson and Lynn Hnatick acted as lead counsel for PWB and PWC.