On Dec.16, 2020, Intact completed private placements of an aggregate of $600 million principal amount of medium term notes. The offering was conducted on a reasonable best efforts agency basis through a syndicate of agents co-led by CIBC World Markets Inc., TD Securities Inc., and National Bank Financial Inc., and including BMO Nesbitt Burns Inc., Barclays Capital Canada Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and Casgrain & Company Limited (collectively, the Dealers). The proceeds of such financings are intended to be used by Intact to fund a portion of the purchase price for its proposed acquisition of RSA Insurance Group PLC that Intact will carry out in conjunction with Tryg A/S. An in-house legal team represented Intact with members including Frédéric Cotnoir, Stephanie Lee, Danistan Saverimuthu, Catherine Lemay.