Imperial Parking Corporation acquires US-wide Republic Parking

Ontario Teachers’ Pension Plan (OTPP) -backed Imperial Parking Corporation (Impark) completed the acquisition of Republic Parking System and Republic Parking Northwest. The acquisition was in part financed with a secured credit facility led by a Canadian chartered bank as agent and a syndicate of lenders. 

Impark and OTPP were represented by Osler, Hoskin & Harcourt LLP in both Canada and the United States on financing, Pension Benefits Act compliance and general corporate matters with a team that included Laurie Barrett, Andrew Herr, Randall Pratt, Nathan Whitaker, Michael Budabin McQuown and Marta Rochkin. 

The lenders were represented by Blake, Cassels & Graydon LLP with a team that included Michael Birch, Jennifer Ruddick and Aletha Utley, with assistance on US matters from Dorsey & Whitney LLP with a team that included Jeffrey Peterson and Erik Detlefsen.