66 Wellington St W, Suite 5300, TD Bank Twr, Toronto, ON
Year called to bar: 1994 (ON)
Practice focuses on project finance, particularly energy projects and public-private partnerships. Regularly advises domestic and non-domestic banks and financial institutions with respect to the structuring and negotiation of project finance transactions, including some of the largest syndicated corporate credits in the Canadian marketplace. Has acted for both lenders and borrowers with respect to project financing (energy), public-private partnership infrastructure financings, mezzanine financing, and loan work-outs. Has particular expertise with lending to Aboriginal communities.
On September 25, 2018, Inter Pipeline Ltd. (“Inter Pipeline”) completed its divestiture of the Heartland Petrochemical Complex’s Central Utility Block (“CUB”) to Fengate Capital Management (“Fengate”), a privately held infrastructure and real estate investment firm.
On December 20, 2017, Axium Infrastructure Inc. (Axium), through a special-purpose acquisition vehicle Axium Infinity Solar LP, and TransCanada Energy Ltd. (TransCanada) completed its acquisition of TransCanada’s Ontario solar portfolio, consisting of eight facilities with a total generating capacity of 105 MW (DC). All eight facilities operate under 20-year power purchase agreements with the Independent Electricity System Operator. The aggregate purchase price was approximately $540 million.
On March 1, 2016, Shaw Communications Inc. (Shaw) indirectly acquired (the Acquisition) all of the issued and outstanding shares of Mid-Bowline Group Corp. (Mid-Bowline), the parent corporation of WIND Mobile Corp., pursuant to a plan of arrangement for an enterprise value of approximately $1.6 billion.
On July 31, 2015, Grand Valley 2 Limited Partnership (Grand Valley), an indirect subsidiary of Veresen Inc. and others, closed on a $121 million project financing to be used for the development, construction, ownership and operation of a wind power energy generation facility near Grand Valley, Ontario.
A subsidiary of BluEarth Renewables Inc. acquired the SparkleLight solar power project, a 10-megawatt AC solar power plant located in Beaverton, Ontario, valued at approximately $66 million, from Canadian Solar Solutions Inc., a wholly owned subsidiary of Canadian Solar Inc.
EnerCare Inc. and EnerCare Solutions Inc. announced on July 24, 2014, that they entered into a definitive asset purchase agreement with Direct Energy Marketing Limited, a wholly owned subsidiary of Centrica plc, to purchase Direct Energy's Ontario home and small commercial services (OHCS) business for a purchase price of $550 million.