David Kierans is a partner in Gowling WLG’s Montréal office. He practises corporate and commercial law with particular emphasis on secured lending, project finance, aviation finance, real estate finance and acquisition, and asset-backed financing. David has, among other activities, acted for financial institutions with respect to mortgage loan investments (both term and construction financing), equity investments in real estate, disposition of assets, structured financing transactions involving aircraft, public and para-public infrastructure programs, financing of renewable energy projects, consumer-oriented financing products (credit cards, leasing, and condition sale contracts), inventory financing, cross-border transactions involving financing of equipment, and syndication of financial product portfolios. Over the course of the past few years, David has delivered seminars involving trust in the Province of Québec, rights of secured creditors under the Civil Code of Québec, and with respect to contracts of leasing (crédit-bail) in the Province of Québec. He has been recognized in both The Canadian Legal Lexpert® Directory and The Best Lawyers in Canada since 2010.
On September 14, 2018, Boralex Inc. (“Boralex”), a Canadian leader in the development and operation of renewable energy facilities and France’s largest independent producer of onshore wind power, completed the acquisition of all of the economic interests of Invenergy Renewables, LLC (“Invenergy”) in five wind farms in Québec, for a total cash consideration of approximately $215 million.
On June 14, 2018, Nouvelle Autoroute 30, s.e.n.c.(NA30) successfully closed the $1.2 billion bond refinancing for Montreal highway Autoroute 30 (A-30) concession project (the A-30 Project). The bonds included approximately $828 million in long-term bonds, due 2042, priced at roughly 4.11% and approximately $390 million in medium-term bonds, due 2033, carrying a coupon of approximately 3.75%.