VOSKER, a provider of cutting-edge surveillance solutions, closed $125 million in senior debt financing. The oversubscribed financing round marks a significant milestone for VOSKER, enabling the company to advantageously recapitalize its debt structure and strategically position itself for future growth initiatives.
“This substantial debt financing represents a pivotal moment for VOSKER as we advance towards our ambitious goal of becoming a global champion in the surveillance technology industry,” Danny Angers, co-founder and chief financial officer of VOSKER, said. “With this capital infusion, we have the means to execute tactical growth projects and solidify our position as an industry leader.”
The Royal Bank of Canada spearheaded the banking syndication and acted as the sole lead and bookrunner, and administrative agent. Export Development Canada (EDC), the Bank of Nova Scotia (Scotiabank), National Bank of Canada and the Fédération des Caisses Desjardins du Québec also committed to VOSKER’s vision.
“VOSKER is a long-standing EDC customer and we have witnessed first-hand their relentless pursuit to provide the world with innovative, reliable and sustainable surveillance solutions,” Guillermo Freire, senior vice president, mid-market group, said. “Our continued financial support demonstrates our belief in their global growth and success over the long-term and is a reflection of their commitment to delivering value for their customers.”
Osler, Hoskin & Harcourt has played a key role as a trusted legal advisor, providing invaluable guidance and expertise. Deloitte Corporate Finance served as the main advisor, offering strategic insights and facilitating the financing process seamlessly. McCarthy Tétrault acted as the lenders’ legal advisor, bringing forth constructive solutions to ensure the success of the transaction.
