On November 22, 2024, York Energy Centre LP completed the refinancing of its credit facilities with a new letter of credit and term loan facilities.
The nominal 456 MW York Energy Centre (YEC) is located northwest of Newmarket, Ontario, in the Township of King. The facility is jointly owned in a 50/50 partnership between Capital Power Corporation and The Manufacturers Life Insurance Company (Manulife). The facility is operated by Capital Power and is fully contracted with the Ontario Independent Electricity System Operator until 2035.
Davies Ward Phillips & Vineberg LLP represented York Energy Centre with a multidisciplinary team that included Anthony Spadaro, Nicholas Williams, Jamieson King and Bailey Stern (Power/Project Financing); Sarah Powell and Robyn Barabash (Power/Environmental/Indigenous); Pawel Mielcarek and Katrina Brazzell (Real Estate); Christopher Anderson and Juan Higuera (Tax).
McCarthy Tetrault LLP acted as counsel to the lenders.