Gaspésia Papers, Limited Partnership completed, on November 15, 2002, financing arrangements for approximately $353 million for the renovation and reconstruction of its coated paper mill in Chandler, Quebec. Gaspésia’s partners are, Fonds de solidarité des travailleurs du Québec (FTQ), Tembec Inc. and SGF Rexfor Inc. Construction is expected to be completed in June 2004.
Gaspésia was represented by McCarthy Tétrault LLP, with a team that included J. Robert Doyle, Marie-France Gagnon, Isabelle Tremblay and Denis Lavoie. John Hancock Life Insurance Company, the agent for a syndicate of holders of $70 million secured notes, was represented by Daniel Miller, Janet Ferrier, Philippe Johnson and Michel Pelletier of Davies Ward Phillips & Vineberg LLP. Investissement Québec, a $145 million lender, was represented by Paul Paradis of Flynn, Rivard in Montreal. Innovation-Papier was represented by Stéphane Labrie of Langlois Kronström Desjardins in Quebec. Canada Economic Development for Québec regions was represented by counsel Serge Pépin, federal government.
FTQ was represented in-house by Janie Béïque, vice-president and general counsel, and Élaine Zakaïb, Investment vice-president, special projects. Tembec was represented in-house by Claude Imbeau, vice-president, general counsel and secretary; assisted by Joey Mastrogiuseppe of Fraser Milner Casgrain LLP in Montreal. SGF Rexfor was represented by in-house counsel Carol Turgeon, and by Yves Rochette of Langlois Kronström Desjardins in Quebec City.