Brookfield Office Properties Canada Completes $405M First Mortgage Bond Financing Of Bay Adelaide Centre West Tower

Brookfield Office Properties Canada LP completed the financing of Bay Adelaide Centre's West Tower with $405 mil-lion, ten-year first mortgage bonds. CIBC World Markets Inc. and TD Securities Inc. acted as agents on the transaction, which closed on December 21, 2011.

Bay Adelaide Centre is located in downtown Toronto.

Immediately prior to the closing of the financing, Brookfield reorganized the ownership of Bay Adelaide Centre to, among other things, sever the West Tower from the balance of the project and prepare for the future development of the remaining lands on the Bay Adelaide Centre site.

Brookfield Office Properties Canada LP and its subsidiaries were represented in-house by a team that comprised Deborah Rogers, Elliott Feintuch, Elizabeth Phalen and Amelia Nasrallah and externally by Goodmans LLP, with a team that comprised Juli Morrow and Jeffrey Shore (financing and reorganization); Glenn Ernst (tax) and Allan Goodman, Eric Robb and Bradley Hennick (securities).

The agents and the bondholders were represented on the financing by a team from Bennett Jones LLP that comprised Paul Mantini, Juliana Abdo and Aleksandra Finelli.


S. Paul Mantini Allan J. Goodman Juliana J. Abdo Jeffrey Shore Aleksandra B. Finelli Eric B. Robb Elizabeth Phalen Elliott S. Feintuch Amelia Nasrallah Juli Morrow Glenn S. Ernst