On February 18, 2009 the Royal Victoria Hospital of Barrie reached financial close with Vanbots, a division of Carillion Construction Inc. to build and finance the hospital's Phase I Expansion Project, with Banco Espirito Santo de Investimento, S.A., New York Branch, National Australia Bank Limited and Norddeutsche Landesbank Girozentrale, New York Branch as lead arrangers and co-documentation agents and with financing provided by Espirito Santo Investment plc, National Australia Bank Limited, Norddeutsche Landesbank Girozentrale, New York Branch, Bank of Montreal, CIT Financial Ltd., National Bank of Canada Inc., and Toronto-Dominion Bank. National Bank Financial served as financial advisor, and CIT Financial Ltd. acts as administrative agent to the banks.
The project includes the addition of the Simcoe-Muskoka Regional Cancer Centre and renovations to, and increased capacity in, the emergency and diagnostic imaging departments and a dedicated coronary care unit. The value of the contract for the Royal Victoria Hospital of Barrie's Phase I Expansion Contract is $258.5 million.
The Royal Victoria Hospital of Barrie and Infrastructure Ontario's legal team were led in-house by Vernita Tsang, legal counsel with Infrastructure Ontario, and by Borden Ladner Gervais LLP with a team that included Richard Shaban, William McLean, Daniel Boan, Carolyn Wainman, Andrew Smith, Shane Pearlman and Tiffany Murray.
Vanbots, a division of Carillion Construction Inc., was represented by Goodmans LLP with a team that included Carla Salzman, Josh Nisker, Andrea Fellows, Glenn Ernst and David Veneziano.
The lead arrangers and co-documentation agents, lenders and administrative agent were represented by Anne Stewart, QC, Michelle Schwartzberg, Aaron Palmer and Vivian Kung of Blake, Cassels & Graydon LLP.