SECURE announces closing of substantial issuer bid with total process of C$136M

On May 23rd, 2025, SECURE Waste Infrastructure Corp. (“SECURE”) successfully completed its substantial issuer bid, pursuant to which it purchased C$136 million of its outstanding common shares from shareholders. In accordance with the terms and conditions of the offer, SECURE. took up and paid for 9,382,390 common shares at a price of $14.50 per share under the offer, representing an aggregate purchase price of approximately C$136 million and 4% of SECURE’s issued and outstanding common shares before giving effect to the offer. Immediately following completion of the offer, SECURE had 221,492,148 common shares issued and outstanding.

McCarthy Tétrault advised SECURE with a team led by John Piasta that included Michael Bennett, Ashley Wilson, Rebecca Wieschkowski, Chiedza Mutize (Corporate); Brett Anderson, Matthew Kraemer, Darren Chung (Tax); Joe Palin and Jacob Che (Financial Services).