Patheon Completes US$290M Credit Facility

On December 15, 2005, Patheon Inc., a leading independent provider of pharmaceutical manufacturing and development services, entered into new North American credit facilities in the amount of US$290 million with Royal Bank of Canada as sole administrative agent and RBC Capital Markets as lead arranger and sole bookrunner.

Patheon's legal team was led by Riccardo Trecroce, general counsel, and Gregory Shepherd, associate general counsel. Patheon's lead external counsel was Davies Ward Phillips & Vineberg LLP, who was assisted by McConnell Valdés in Puerto Rico as well as Thompson Hine LLP in Ohio. The Davies team included Derek Vesey, Cameron Rusaw and Fiona Fitzpatrick (corporate and banking), Jeffrey Lem (real estate) and Elie Roth (tax). The McConnell team included Silvestre Miranda. The Thompson Hine team included Robert Selak and John Cottingham.

The lenders in the Patheon credit facility were represented by Osler, Hoskin & Harcourt LLP in Canada, with a team that included Michael Matheson and Tim Meadowcroft (banking) and Monica Biringer (tax) and Shelley Munro (real estate); by Pedro Morell of Goldman Antonetti & Córdova, PSC in Puerto Rico; and by Sandra Nunn and Jane Shea of Frost Brown Todd LLC in Ohio.