Lexpert magazine features articles and columns on developments in legal practice management, deals and lawsuits of interest in Canada, the law and business issues of interest to legal professionals and businesses that purchase legal services.
Issue link: https://digital.carswellmedia.com/i/1284323
44 www.lexpert.ca Big Deals COMPILED BY ZENA OLIJNYK > INFRASTRUCTURE DEALS GIBSON ENERGY, USD SANCTION CONSTRUCTION OF THE INITIAL 50,000 BBL/D DRU FACILITY CLOSE DATE: FEB. 25, 2020 US Development Group, LLC (through a wholly owned affiliate, collectively USD) and Gibson Energy Inc. (Gibson) (TSX: GEI)") have formed a 50/50 joint venture to advance the construction of a Diluent Recovery Unit ("DRU") at the Hardisty Terminal and have finalized the required commercial agreements to sanction the de- velopment and construction of the initial phase of the DRU at 50,000 barrels per day of inlet bitumen blend capacity and enable rail shipments of DRUbit™ to the U.S. Gulf Coast. e joint venture has also executed an engineering, procurement and construc- tion agreement with WorleyCord for com- pletion of certain DRU facilities. Headquartered in Calgary, Alta., Gibson is an oil infrastructure company with its principal businesses consisting of the storage, optimization, processing and gathering of crude oil and refined products. Its operations are focused around its core terminal assets lo- cated at Hardisty, Alta. and Edmonton and also include the Moose Jaw Facility and an infrastructure position in the U.S. Gibson was represented by senior legal counsel Dave Reschke and Bennett Jones LLP, with a team led by Christopher Skelton (Corporate/M&A), Geoffrey Stenger (Infra- structure/Energy), Alan Rautenberg (Corpor- ate Tax), Megan Bertram (Corporate/Energy) and Emerson Frostad (Corporate/Energy). USD was represented by general counsel Keith Benson and Burnet Duckworth & Palmer LLP, with a team led by Katherine Pybus (Corporate/Banking), Sean Korney (Corporate/Energy), Mark Houston (Cor- porate/Energy), Heather DiGregorio (Tax), Brendan Downey (Corporate/Energy), Robyn Finley (Corporate/Energy), Brandon Holden (Tax), omas Ostrowerka (Real Es- tate) and John Sanche (Corporate/IP). Wor- leyCord was represented by general counsel Garett Eisenbraun. FRASER CROSSING PARTNERS CLOSES ON PATTULLO BRIDGE REPLACEMENT PROJECT IN B.C. CLOSE DATE: FEB 10, 2020 On Feb. 10, 2020, Aecon Group Inc. (TSX: ARE) announced that Fraser Crossing Part- ners had reached financial close on the Pat- tullo Bridge Replacement Project in British Columbia. e total contract is valued at $967.5 million. Fraser Crossing Partners, selected by the Province of British Columbia to design, build and partially finance the pro- ject, is a 50/50 joint venture between Aecon and Acciona. e new four-lane cable-stayed bridge over the Fraser River will provide net- work connections to New Westminster and Surrey, feature a centre safety median bar- rier and wider lanes to accommodate both passenger and commercial vehicles and have dedicated walking and cycling lanes. Gowling WLG is counsel to both Ac- ciona and Aecon with a team that includes Darryl Brown (corporate/financial services); Adam Lewinberg, Jessica Ho-Wo-Cheong, Kelly Campagnola, Peter Fairey and Kean Silverthorn (corporate); Christopher Alam, Sunil Joneja and Reagan Chornoboy (fi- nancial services); assisted by students-at-law Laura Mila, Taylor Hanson and Howard Xin. Grantor legal advisor: Farris LLP — Maria McKenzie. McMillan LLP represented the financial lenders and hedge providers, e Korea De- velopment Bank, Sumitomo Mitsui Bank- ing Corporation, ATB Financial and Caix- aBank, S.A., with a team led by Julie Han and Candy Saga (infrastructure) and which included Shahen Mirakian (derivatives), Brent omas (financial services), and assist- ed by student-at-law Liam Sako. ENCANA COMPLETES TRANSITION TO U.S.-DOMICILED OVINTIV CLOSE DATE: JAN. 24, 2020 On Jan. 24, 2020, Encana Corporation com- pleted a corporate reorganization and plan of arrangement that resulted in the company establishing its corporate domicile in the U.S., rebranding under the name Ovintiv Inc. ("Ovintiv") and completing a consolidation and share exchange for one share of common stock of Ovintiv for every five common shares of Encana. Following completion of the trans- action, the Ovintiv common stock began trading on the TSX and NYSE. e busi- ness, board, management and shareholders of Ovintiv were the same as those of Encana prior to the transaction. Encana's in-house legal team was led by Jo- anne Alexander, Terence Trinh and Katie Mil- ler. Blake Cassels & Graydon LLP was Can- adian corporate counsel with a team of Chad Schneider, Jeff Bakker, Sarah Hammond, Courtney Bohn and Peter Moorman (Cor- porate and Securities), Michael McIntosh, Andrew Kolody and Maria Spronk-Johnson (Banking) and David Tupper, Alyssa Duke and Tracy Van Brunt (Litigation). Paul Weiss Riind Wharton & Garrison LLP acted as Encana's U.S. corporate counsel with a team comprised of Adam Givertz, Andrew Foley, Steve Centa, Aaron Abramson and Lewis Fainer. Canadian tax advice was pro- vided by Felesky Flynn LLP with a team led by Brett Anderson, Byron Beswick and Erica Hennessey, and U.S. tax advice was provided by Paul Seraganian, Kevin Colan and Andrew Granek of Osler Hoskin & Harcourt LLP. DIVESTITURE OF RIDLEY TERMI- NALS INC. BY CANADA DEVELOP- MENT INVESTMENT CLOSE DATE: DEC. 20, 2019 On Dec. 20, 2019, Canada Development In-