MacDonald, Dettwiler Secures $190M Credit Facility

In March, 2000, Royal Bank of Canada acted as Lead Arranger, Bookrunner and Administrative Agent on syndicated senior secured credit facilities totaling $190 million being made available to MacDonald, Dettwiler and Associates Ltd. (MacDonald), a premier player in Canada’s space program and a fast-charging e-commerce company. The transaction represents MacDonald’s core corporate financing which follows on from its recent acquisitions, including BC Online (the on-line search facility for real and personal property, corporate and other information maintained by the Province), the Robotics Division of Spar Aerospace and Dataquick.

The Vancouver office of Fasken Martineau DuMoulin LLP represented Royal Bank, with the Faskens team being led by Michael Allen with assistance from Scott Perrin. Elizabeth Harrison, Q.C., Herbert Dodd, and Teresa Budd of Farris, Vaughan, Wills & Murphy in Vancouver represented the borrower.