Chaudiere Hydro completes bond financing

On September 7, 2016, Chaudiere Hydro Limited Partnership, which is an affiliate of Hydro Ottawa, completed a private placement of an aggregate of $203,802,000 Senior Secured Amortizing Bonds.

The proceeds of this transaction are being used to finance the construction of the Chaudiere Hydro L.P. Expansion Project, a 29.35 megawatt hydroelectric generation facility located on the Ottawa River near the Chaudière Falls in the City of Ottawa.

Chaudiere Hydro L.P. (and related parties) were represented in-house by Paul Hughes, General Counsel, and by Dentons Canada LLP with a team in Ottawa that included Phil Rimer, Rob Davis, Kelly Elliott and Rachel Witherspoon, with assistance from Ryan Chalmers and Jeff Walls of the Vancouver office and Jonathan Nuss of the Montréal office.

BMO Capital Markets was the sole agent in connection with the private placement offering. BMO was represented by McCarthy Tétrault LLP with a team in Toronto that included Jonathan See, Seán O’Neill, Isabel Henkelman, Heloise Apesteguy-Reux, Abraham Costin, Lama Sabbagh, Zachary Masoud and Danny McMullen. The team received assistance from Mary Pagonis of the Montréal office.