333 Bay St, Suite 2400, Bay Adelaide Ctr, Box 20, Toronto, ON
Year called to bar: 1981 (ON)
Jon Holmstrom's practice is focused on corporate and commercial banking transactions, cross-border acquisition financing, project finance (mining, wind power and infrastructure), derivative products, corporate loan workouts and restructurings and securitizations. He was also the former Leader of the firm’s Banking & Finance group. Jon provides strategic advice to both financial institutions and commercial borrowers across a multiplicity of industries. Current mandates include the $750-million warehouse facility for MCAP, the $400-million revolver for Timbercreek, and $310-million revolver for Shawcor. Notable recent wind power project finance experience includes acting for the sponsors in the $825-million financing of the Niagara Region Wind Farm.
On March 12, 2018, HLS Therapeutics Inc. (HLS:TSXV) announced the completion of a reverse take-over of TSXV-listed Automodular Corp. to conclude HLS’s going-public transaction. The transaction was implemented by way of a Court-approved plan of arrangement under the OBCA.
On January 18, 2017, Boralex Inc. (“Boralex”) a leader in the Canadian market for the development, building and operation of renewable energy power facilities and France’s largest independent producer of onshore wind power, completed the acquisition of all of the economic interest of ENERCON Canada Inc. (“ENERCON”) in the 230 MW Niagara Region Wind Farm Project (the “Project”), located in the Province of Ontario, for a total cash consideration of approximately $232.4 million.
On December 14, 2016, Tervita Corporation (“Tervita”), a leading environmental solutions provider, implemented its court-approved plan of arrangement under the Canada Business Corporations Act (the “Plan”).
On August 3, 2016, Golden Star Resources Ltd. (“Golden Star”) completed a public offering in Canada and the United States of 46 million common shares (the “Common Shares”) at a price of US$0.75 per Common Share, for aggregate gross proceeds of US$34.5 million (the “Equity Offering”), which included the full exercise of an over-allotment option granted to the underwriters.
On June 21, 2016, the City of Winnipeg signed a project agreement with Plenary Roads Winnipeg Transitway LP to design, build, finance, (operate) and maintain the City of Winnipeg’s Southwest Rapid Transitway (Stage 2) and Pembina Highway Underpass project, with PCL Constructors Canada Inc. providing construction services.
On February 24, 2016, Nasdaq, Inc. (Nasdaq), by its newly formed, wholly owned subsidiaries, Maiclair Holdings ULC and Farm Church Holdings ULC, completed the acquisition of Marketwired L.P. (Marketwired), a leading global newswire operator and press release distributor company and a portfolio company of OMERS Private Equity.
On October 21, 2015, Concordia Healthcare Corp. (“Concordia”), a diverse healthcare company focused on legacy pharmaceutical products and orphan drugs, acquired UK-based Amdipharm Mercury Limited (“AMCo”) from Cinven Ltd, a leading European private equity firm, for approximately US$3.3 billion (the “Acquisition”) paid through a combination of cash and the issuance of 8.49 million common shares of Concordia.
On April 21, 2015, Concordia Healthcare Corp. (Concordia), a diverse healthcare company focused on legacy pharmaceutical products and orphan drugs, acquired 18 products from Covis Pharma S.à.r.l and Covis Injectables, S.à.r.l (collectively, Covis). The purchase price of US$1.2 billion was paid in cash at closing.