Terravest Industries Inc. completes an upsized bought deal treasury offering of C320.7M

On May 23 2025, Terravest Industries Inc. (“TerraVest”) announced the closing of a bought deal treasury offering as well as the closing of the over-allotment option. As part of the offering, TerraVest issued a total of 2,001,000 common shares at a price of $160.30 per common share. The gross proceeds of the offering include 261,000 common shares issued at the same offer price on the exercise in full of the over-allotment option granted to the Underwriters. TerraVest is a diversified industrial company that specializes in home heating products, propane, anhydrous ammonia (NH3) and natural gas liquids (NGL) transport vehicles and storage vessels, energy processing equipment, and fiberglass storage tanks.

McCarthy Tétrault LLP advised TerraVest Industries Inc. with a team led by Rami Chalabi that included Alyson Goldman, Lama Kahiel, Adil Akbar, Sarah Chen (Business), Raj Juneja, and Kathryn Walker (Tax).