1000 De La Gauchetière St W, Suite MZ400, Montréal, QC
Year called to bar: 2000 (QC)
Richard’s practice focuses on projects, project financing, and lending. His recent experience includes acting for lenders and borrowers in the power, mining, transportation & logistics, manufacturing, retail, telecommunication, and agribusiness sectors. Throughout 2020 to 2021, he has acted as lead counsel for the implementation of various governmental financing programs. He also regularly advises on multicurrency cross-border transactions, as well as PE transactions and other acquisition financings. Mr. O’Doherty was named Lawyer of the Year 2020 in Canada: Banking & Finance by IFLR1000 and is named a leading lawyer in the 2015 to 2022 editions of The Canadian Legal Lexpert Directory in the areas of Asset-Based Lending, Asset Securitization, Banking & Financial Institutions, Energy (Electricity), Infrastructure, and Project Finance. He is listed as a leading lawyer in the area of banking and finance law in the 2020 edition of The Best Lawyers in Canada. He is also recommended as a leading lawyer in Canada in the 2021 Lexpert Special Edition — Infrastructure; the 2021 Lexpert Special Edition — Energy; the 2021 Lexpert Special Edition — Finance and M&A; and the 2021 Lexpert Special Edition — Agribusiness and Cannabis.
On October 24, 2018, Innergex Renewable Energy Inc. completed the acquisition of the 62% undivided co-ownership participation of TransCanada Corporation in five wind energy farms in Quebec (“Cartier Wind Farms”), as well as TransCanada’s 50% interest in the operating entities of the Cartier Wind Farms, for approximately $620 million. Innergex already owned the remaining interests in the Cartier Wind Farms and its operating entities. The transaction will increase Innergex’s net capacity by 366MW.
On May 1, 2018, Transcontinental Inc. (TSX: TCL.A), a leader in flexible packaging in North America and Canada’s largest printer, completed the transformational acquisition of the business of Coveris Americas, a leading flexible packaging business based in Chicago, Illinois, for a purchase price of approximately $1.72 billion, subject to customary purchase price adjustments.
On February 6, 2018, Innergex Renewable Energy Inc. (Innergex) completed the acquisition of Alterra Power Corp. (Alterra) by way of an arrangement agreement pursuant to which Innergex acquired all of the issued and outstanding common shares of Alterra for an aggregate consideration of $1.1 billion, including the assumption of Alterra’s debt.
On February 11, 2016, Bombardier Inc. (Bombardier) closed the previously announced acquisition by Caisse de dépôt et placement du Québec (CDPQ) of a US$1.5 billion convertible share investment in Bombardier Transportation’s newly-created holding company, Bombardier Transportation (Investment) UK Ltd. (BT Holdco), which, following the completion of the previously-announced corporate reorganization, owns all of the assets of Bombardier’s Transportation business segment.
On June 22, 2015, Big Silver Creek Power Limited Partnership (BSCPLP), a wholly-owned subsidiary of Innergex Renewable Energy Inc. (Innergex), as borrower, and financial institutions comprising The Manufacturers Life Insurance Company (Manulife), as agent and lead lender and the Caisse de Dépôt et placement du Québec (CDPQ), as lenders, closed a $197.2 million non-recourse construction and term project financing for the Big Silver Creek run-of-river hydroelectric project. The project, with an aggregate installed capacity of approximately 41 MW, will be located on Crown land approximately 40 km north of Harrison Hot Springs, British Columbia, and is expected to reach commercial operation by the end of 2016. Electricity generated by the project will be sold under a 40-year electricity purchase agreement with BC Hydro.
The $491.6 million non-recourse construction and term project financing for the Upper Lillooet River and Boulder Creek run-of-river hydroelectric projects was closed.
Stornoway Diamond Corporation announced that it had closed its previously announced financing transactions with US private equity firm Orion Mine Finance, Investissement Québec (through its wholly owned subsidiaries Diaquem Inc. and Resources Québec) (“RQ”), and the Caisse de dépôt et placement du Québec to fund the construction of the Renard Diamond Project, Quebec’s first diamond mine.
A wholly owned subsidiary of Amaya Gaming Group Inc. completed its acquisition of 100 per cent of the issued and outstanding shares of privately held Oldford Group Limited, the parent company of Isle of Man-headquartered Rational Group Ltd., the owner and operator of the PokerStars and Full Tilt Poker brands, in an all-cash transaction for an aggregate purchase price of US$4.9 billion, including certain deferred payments and subject to customary purchase price adjustments.
On September 25, 2008, Ford Credit Canada Limited (FCCL) completed two retail loan securitization transactions, receiving immediately available proceeds of approximately $0.9 billion.
