Paul Hastings Advises on Jones Deslauriers/Navacord’s Notes Offering
December 15, 2022
Paul Hastings LLP advised BofA Securities, BMO Capital Markets, CIBC Capital Markets, and TD Securities in connection with the offering of $300 million aggregate principal amount of 10.50% senior notes due 2030 by Jones DesLauriers Insurance Management/Navacord, a company controlled by private equity sponsor Madison Dearborn Partners and one of Canada’s fastest growing multi-line insurance brokers.
Marking one of the few high-yield bond offerings to close in Q4 2022, despite the challenges currently facing global markets, this successful offering demonstrates the continued success of Paul Hastings’ cross-border capital market offerings.
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