LEXPERT MAGAZINE
|
OCTOBER 2019 11
INDUSTRY
ANALYSIS
Pipelines Financial
Transportation
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce Construction & Engineering
Consumer Staples
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce Construction & Engineering
Consumer Staples
Consumer Services Energy & Power
Aerospace & Defence Automotive
COMPILED BY ELIZABETH RAYMER
Metals & Mining
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce Construction & Engineering
Consumer Staples
GIBSON ENERGY COMPLETES
IMPLEMENTATION MEDIUM
TERM NOTE PROGRAM AND
INITIAL ISSUANCE OF C$500M
CLOSING DATE: SEPTEMBER 17, 2019
On September 17th 2019 Gibson Energ y
reached financial close of the implemen-
tation of its medium term note program
and its initial $500 million issuance of
MTNs. e initial MTNs issued have a
10-year term and bear interest at 3.60%
per annum. Proceeds from the issuance
will be used to redeem Gibson Energ y's
$300 million 5.375% senior unsecured
notes that are due July of 2022, as well as
for general corporate purposes. e notes
were offered through a syndicate of in-
vestment dealers co-led by CIBC Capital
Markets and RBC Capital Markets.
Gibson Energ y is a Canadian-based
oil infrastructure company with its prin-
cipal businesses consisting of the storage,
optimization, processing and gathering
of crude oil and refined products. Head-
quartered in Calgary, Alberta, the com-
pany's operations are focused around its
core terminal assets located at Hardisty
and Edmonton, Alberta, and include the
Moose Jaw Facility and an infrastructure
position in the U.S.
Norton Rose Fulbright Canada LLP
advised Gibson Energy with a team that
consisted of Marcus Archer, Dion Legge,
Jennifer McPherson, Joe Mooney, Elisabeth
Trotter and John Ebbels.
Torys LLP represented CIBC Capital
Markets, RBC Capital Markets
and the syndicate of dealers
with a team that included Kevin
Fougere, Janan Paskaran, Jenni-
fer Baugh and Jon McDonald.
*Submitted by Norton Rose
Fulbright Canada LLP
KEVRIC REAL ESTATE
CORPORATION INC.
BUYS MONTREAL'S 600
DE LA GAUCHETIÈRE WEST
IN JOINT VENTURE
CLOSING DATE: JULY 29, 2019
In a joint venture with an undisclosed Ca-
nadian institutional partner Kevric Real
Estate Corporation Inc. purchased the of-
fice tower at 600 de la Gauchetière West
in Montréal, Quebec, for C$187M. e
710,000 sq building was originally con-
structed as the National Bank's headquar-
ters in 1983, however, the company will
be moving in 2022 leaving a significant
portion of the building vacant. e buyers
plan a major repositioning of the 36-year-
old building.
"is important acquisition allows
Kevric to expand its offering of commer-
cial real estate spaces for organizations
which aim to distinguish themselves and
will ensure the company's growth in Mon-
treal for years ahead," said Kevric presi-
dent Richard Hylands in a news release.
"Kevric is proud to continue fuelling the
evolution of downtown Montreal into a
world-class Canadian city."
Stikeman Elliott LLP represented Kev-
ric, with a team consisting of Stefan Fews,
Michael Kilby, Francois Ouimet, Jean-Guil-
laume Shooner, Philippe Bernier-Cormier,
Marie-Claude David, Myriam Fortin, Fran-
cois Gilbert, Victoria Hale, Philippe Kat-
tan, Josee Lefebvre and Audrey-Anne Guay.
*Submitted by Stikeman Elliott LLP.
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce Construction & Engineering
Consumer Staples
CHAUDIÈRE FINANCIAL L.P.
COMPLETES $290M PRIVATE
PLACEMENT OFFERING
OF GREEN BONDS
CLOSING DATE: JULY 5, 2019
On July 5, 2019, Chaudière Financial L.P.
(the "Issuer") issued $290,541,000 princi-
pal amount of 3.525% Senior Secured Am-
ortizing Green Bonds, Series 2019-1 due
December 31, 2059 (the "Bonds") on a pri-
vate placement basis. e bonds are backed
by two hydroelectric generation facilities
(the "Hydroelectric Projects"), each owned
by an indirect wholly-owned subsidiary of
Hydro Ottawa Holding Inc. ("Hydro Ot-
tawa"). e Hydroelectric Projects consist
of a 12MW hydroelectric generation facil-
ity and a 27MW hydroelectric generation
facility each currently undergoing refur-
bishment, and each located on the Ottawa
River. Following refurbishment, the proj-
ects will sell all output to the Ontario elec-
tricity grid pursuant to contracts with the
Independent Electricity System Operator.
Scotia Capital Inc., BMO Nesbitt
Burns Inc. and National Bank Financial
Inc. were agents.
e issuer and Hydro Ottawa were rep-
resented by an in-house team consisting
of Shaun Logue, General Counsel, Fa-
bian Barragan, Matthew Carey and Shae-
fann Sieuraj and Borden Ladner Gervais
LLP as external counsel, with a team con-
sisting of Sylvie Bouvette, Bruce Fowler,
Stephen Fyfe, Paul A.D. Mingay, Vincent
Frenette, Richard Manias, Rachael Be-
langer, Rocky Swanson,
Michael Cremers and Ju-
dith Manger.
Torys LLP represented
the agents with a team
consisting of Rose Bai-
ley, Yinka Olusoga, Mi-
