On July 10, 2008, Kingston General Hospital, with its co-sponsor Infrastructure Ontario, reached financial close with PCL Constructors Canada Inc. and a syndicate of lenders led by The Toronto-Dominion Bank for the construction and financing of the Kingston General Hospital Redevelopment Project. TD Securities Inc. acted as arranger and financial advisor to PCL Constructors Canada Inc. The value of the contract is $142.1 million, which will be paid by Kingston General Hospital when substantial completion is reached in spring 2012.
Infrastructure Ontario's legal team was led in-house by Andrés Durán and Vernita Tsang. McCarthy Tétrault LLP acted as counsel to Infrastructure Ontario and Kingston General Hospital in the structuring, procurement, negotiation and settlement of the project documents, with a team that included Godyne Sibay, Gordon Willcocks, Andrew Collingwood, Carolyn Ruby (real estate) and Shanon Grauer (corporate).
PCL Constructors Canada Inc. was represented by John Paul Janssens and Donald Lucky of Reynolds Mirth Richards & Farmer LLP.
The lenders, The Toronto-Dominion Bank and TD Securities Inc., were represented by Bennett Jones LLP with a team led by Dan Ford, Paul Mantini and Jeff Heinbuch.