Norigen Private Equity Financing

Norigen Communications Inc., an integrated telecommunications provider, announced on July 10, 2000 that it had obtained $60 million private equity financing. This equity financing follows the $122.5 million of third-party equity financing raised in March, 2000 and the establishing of a $175 million credit facility arranged and syndicated by The Chase Manhattan Bank of Canada and its affiliates on July 5, 2000.

Torys acted for Norigen on the debt financing with a team that consisted of Adam Delean, Darren Sukonick, Peter Walker and Theresa Gregoire, and on the equity financing, Doug Harris, Darren Sukonick, Peter Walker and Theresa Gregoire. For both deals, they were assisted by Charles Dalfen on regulatory matters, John Unger on Canadian tax matters and Peter Keenan on US tax matters. The matter was led by Valerie Seager, General Counsel at Norigen. Michael Harquail, Lisa Mazor and Michael Piaskoski of Blake, Cassels & Graydon LLP acted as counsel to Chase and its syndicate of lenders. Joe Freedman of Goodman and Carr and Christian Tacit of Nelligan Power LLP acted as counsel for the private equity investors.