Page 44 - CCCA63_2011

AND St. Joseph’s Health Care Richard Shaban, Paul Harricks, Kristen Wittman, Peter Schwartz, Byran Gibson, Michael Allen, Borden Ladner Gowling Laffleur Taylor McCaffrey LLP Harrison Pensa LLP McCarthy Tétrault LLP Stikeman Elliott LLP Gervais LLP Henderson LLP Details: St. Joseph’s Health Care, London (SJHC) and Infrastructure Ontario reached Financial Close with Integrated Team Solutions (ITS) to design, build, finance and maintain two new mental health care facilities in London and St. Thomas. Financing for the SJHC proj- ect comprises short-term financing provided by The Bank of Nova Scotia, who is also acting as Administrative Agent, Credit Agricole Corporate and Investment Bank, The Toronto-Dominion Bank, Canadian Imperial Bank of Commerce and National Bank of Canada, and long-term senior secured bonds issued by Integrated Team Solutions SJHC Partnership, which bonds were underwrit- ten by Scotia Capital Inc. and National Bank Financial Inc. The ITS team for this project includes Fengate Capital Management, OE Infrastructure Fund L.P., TCPP Infrastructure Fund L.P., LPF Infrastructure Fund and EllisDon Inc., together with EllisDon Corporation providing construction services and Honeywell Limited as service provider. Date: Closed March 11, 2011. On the Deal: For SJHC and Infrastructure Ontario: In-house by Steven Kresak, Legal Counsel; with a team that included Richard Shaban, William McLean, Shane Pearlman, Dan Boan, Steven Iczkovitz, Andrew Smith and Kalvin Sie, Borden Ladner Gervais LLP. For ITS: Chris Bennett, Tim Murphy, Catherine Doyle, Michael Burns, Peter Willis, Rob Scavone, Shahen Mirakian, Valerie Garcia, Puja Varma and Julie Han, McMillan LLP. For LPF Infrastructure Fund, OE Infrastructure Fund L.P., TCPP Infrastructure Fund L.P. and Fengate Capital Management Ltd.: Paul Harricks, Alan James, Rob Blackstein and John Whyte, Gowling Lafleur Henderson LLP; and Kristen Wittman of Taylor McCaffrey LLP. For EllisDon Corporation: In-house by Jody Becker and Christopher Moran; Peter Schwartz, Harrison Pensa LLP. For Honeywell Limited and Honeywell International Inc.: In-house by Elliott Gwosdy; and Andrew MacDougall, Osler, Hoskin & Harcourt LLP. For the lenders: Byran Gibson, Linda Brown, Sarah Bird, Stephen Curran, Morgan Troke and Grant Boyle, McCarthy Tétrault LLP. For the underwriters: Michael Allen, Stikeman Elliott LLP. The Hertz Corporation Details: The Hertz Corporation (the “Parent Borrower”) and Hertz Equipment Rental Corporation (“HERC,” together with the Parent Borrower, the “Borrowers”) completed the refinancing of their existing senior secured credit facility under a new $1.8-billion asset-based revolving credit facility (the “ABL Refinancing”) provided by a syndicate of lenders with Deutsche Bank AG New York Branch, as administrative agent and collateral agent, Wells Fargo Bank, National Association, as co-collateral agent, Deutsche Bank AG Canada Branch, as Canadian administrative agent and Canadian collateral agent and the other parties Michael K. Feldman, Scott Kraag, Bindu Cudjoe, Torys LLP Torys LLP McMillan LLP thereto. Simultaneous with the closing of the ABL Refinancing, the Parent Borrower completed the refinancing of its existing senior secured term loan credit facility with a new $1.6-billion senior secured term loan and synthetic letter of credit facility with Deutsche Bank AG New York Branch, as administrative agent and collateral agent. Date: Closed March 11, 2011. On the Deal: For the Borrowers and their affiliates: Michael K. Feldman, Scott Kraag and Boris V. Nevelev (corporate), and John Tobin and Richard Johnson (tax), Torys LLP. For the lenders: Bindu Cudjoe, Patrice Beaudin, Kiriakoula Hatzikiriakos, Ken Bursey and Yonatan Petel (financial services) and Ryan Morris (tax), McMillan LLP. Powertech Uranium Corp. Details: Powertech Uranium Corp. (TSX:PWE) (“Powertech”) completed a public offering (the “Offering”) of 47,872,340 Units at a price of $0.47 per Unit to raise gross proceeds of $22.5-million pursuant to a short form prospectus dated March 2, 2011. Each Unit consist- ed of one common share and one half of one common share purchase warrant, with each whole warrant being exercisable for two years at a price of $0.60 per common share, subject to acceleration. Concurrently with the Offering, Powertech closed a refinanc- ing transaction with Société Belge de Combustibles Nucléaires Synatom SA (“Synatom”), which restructured Powertech’s repayment obligations on approximately $25-million of debt owed to Synatom. As part of the refinancing transaction, Powertech 44 CCCA Canadian Corporate Counsel Association FALL 2011