CanWest Media Refinances Debt

CanWest Media Inc., a wholly owned subsidiary of CanWest Global Communications Corp., refinanced $940 million of existing senior bank debt with a syndicate of lenders, led by The Bank of Nova Scotia as administrative agent. The deal closed on August 29, 2003.

CanWest was represented in Canada by Osler, Hoskin & Harcourt LLP, with a team that Richard Pratt and Deborah Salter (banking) and Jack Silverson and Kimberley Wharram (tax); and in the U.S. by Kaye Scholer LLP, with a team that included Joel Greenberg, Edmond Gabbay and Jennifer Kurtis (corporate and finance) in New York. The Bank of Nova Scotia was represented by Ogilvy Renault, with a team that included Jim Riley and Craig Johnston (banking) and Adrienne Oliver (tax).