Capstone Power Corp. acquisition of wind facilities from wpd europe GmbH

On Jan. 8, Capstone Power Corp. (Capstone), with MUFG Union Bank, Ltd., Canada Branch (MUFG) and Associated Bank, N.A. acting as lenders, completed its acquisition of a 29 MW portfolio of four Ontario wind projects: the Springwood Project, the Whittington Project, the Napier Project and the Sumac Ridge Project from wpd Europe GmbH (wpd). MUFG Bank, Ltd., is acting as administrative agent for the credit facility and MUFG Union Bank, N.A., is acting as collateral agent.

Capstone owns and operates approximately 570 MW net of installed capacity across 28 facilities in Canada, including wind, hydro, solar, biomass and natural gas power plants.

Blake, Cassels & Graydon LLP advised Capstone with a team that included
Andrew Thompson,
Mark Johnson,
Mark Mohamed,
Samantha Breaks,
Sam Kim (corporate),
Patrick Gordon,
Daniel Kofman,
Alexa Morin (real property),
Holly Reid,
Laura Blumenfeld (labour and employment),
Elizabeth Boyd,
Paul Stepak,
Evan Schmid (tax),
Aaron Palmer (securities);
Nick Tropak,
Daniel Jachna,
Cameron Siempelkamp,
Daniel Tatone (financial services);
Micah Wood (competition);
Sharon Wong,
Charles Kazaz,
Grace Smith (regulatory/environmental).

McCarthy Tetrault LLP advised MUFG Union Bank, Ltd., Canada Branch (MUFG) and Associated Bank, N.A., with a team led by
Stephen Furlan,
and which included
Jacob Stone,
Candace Pallone,
Chris Zawadzki,
Alexandre Saulnier-Marceau,
Daryna Kutsyna (financial services),
Suzanne Murphy (M&A),
Ted Cox,
Zainab Fayyaz (real property),
Joanna Rosengarten,
Reena Goyal (regulatory),
while a separate team that also represented MUFG Union Bank, N.A., as collateral agent, was led by
Mary Jeanne Phelan.

Stikeman Elliott LLP advised wpd europe GmbH with a team led by
Eric Bremermann,
Timothy Chubb,
Logan Copen (corporate),
and which included
Patrick Duffy (regulatory),
Tatiana Kotova (corporate),
Kate Amirault,
Lindsay Gwyer (tax),
Michael Laskey,
Michael Rosenstock (competition),
Lanette Wilkinson (property).

See the news release of McCarthy Tetrault LLP here.