Lexpert Special Editions

Energy November 2013

The Lexpert Special Editions profiles selected Lexpert-ranked lawyers whose focus is in Corporate, Infrastructure, Energy and Litigation law and relevant practices. It also includes feature articles on legal aspects of Canadian business issues.

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Big Energy Deals | 37 revolving term credit facility with a new five-year term ending in 2018. The revolving term credit facility serves in part to finance 13 of the Company's otherwise unencumbered operating facilities, and in part to provide a flexible source of capital to fund the Company's growth. The banking syndicate includes The TorontoDominion Bank as administrative agent and lender, Bank of Montreal as syndication agent and lender, and Canadian Imperial Bank of Commerce, Caisse centrale Desjardins, National Bank of Canada, The Bank of Nova Scotia and Laurentian Bank of Canada, also as lenders. Innergex was represented by its senior director, corporate legal affairs and corporate secretary, Nathalie Théberge, and by its legal counsel, Mathieu Compagnat; and by a team from McCarthy Tétrault LLP under the supervision of Marc Dorion and led by Richard O'Doherty, with the assistance of Laurent Gauthier, Justin Lapedus and Morgan Troke. The agent and the lenders under the refinancing were represented by a team led by Vincent Frenette from Borden Ladner Gervais LLP, with the assistance of Olivier Tardif and Christian Lazarre. BROOKFIELD RENEWABLE $175 MILLION OFFERING OF PREFERRED SHARES Closing date: May 1, 2013 Brookfield Renewable Energy Partners completed its previously announced 5 per cent perpetual Class A Preferred Shares, Series 6 (Preferred Shares) issue in the amount of $175 million. Brookfield Renewable issued, through a wholly owned subsidiary, 7,000,000 Preferred Shares at a price of $25 per share, for total gross proceeds of $175 million. The offering was underwritten by a syndicate of underwriters led by Scotia Capital Inc., CIBC World Markets Inc., RBC Dominion Securities Inc. and TD Securities Inc. The Series 6 Preferred Shares commenced trading on the Toronto Stock Exchange on May 1, 2013, under the ticker symbol BRF.PR.F. Brookfield Renewable Energy Partners was represented by Torys LLP with a team that included Rima Ramchandani, Jonathan Cescon, Catherine De Giusti and David Forrester. The underwriters were represented by Goodmans LLP with a team that included Lawrence Chernin, Bill Gorman, Caroline Wang and Shazia Banduk (corporate/securities) and Maureen Berry. INNERGEX COMPLETES WIND PROJECT REFINANCING Closing date: June 26, 2013 Innergex Renewable Energy Inc. has closed a $52.8-million nonrecourse term loan to refinance its ownership portion of the Carleton wind farm located on the Gaspé Peninsula in Québec, Canada. The new financing has been provided by Sumitomo Mitsui Banking Corporation and Bank of Tokyo Mitsubishi UFJ Canada, the same two lenders of the initial financing. Innergex was represented by its senior director, corporate legal affairs and corporate secretary, Nathalie Théberge, and by its legal counsel, Mathieu Compagnat and by a team from McCarthy Tétrault LLP under the supervision of Marc Dorion and led by Richard O'Doherty, with the assistance of Laurent Gauthier and Candace Pallone. The agent and the lenders under the refinancing were represented by a team from Gowling Lafleur Henderson LLP led by David Kierans, with Marie-France Béland providing assistance. Lexpert®Ranked Lawyers Willms, Charles F. Fasken Martineau DuMoulin LLP (604) 631-4789 cwillms@fasken.com Wilson, Paul C. Fasken Martineau DuMoulin LLP (604) 631-4748 pwilson@fasken.com Wong, Richard G.C. Osler, Hoskin & Harcourt LLP (416) 862-6467 rwong@osler.com Mr. Willms's litigation practice includes energy, forestry, mining, Aboriginal, property assessment, construction, CSR and constitutional issues. He appears in courts, including the SCC, tribunals, negotiations, mediations and arbitrations. Mr. Wilson advises oil and gas, power, pipeline and other energysector companies regarding mergers and acquisitions, project development, assessment and approvals, energy contracts, project financing and IBA and business agreements with First Nations. Mr. Wong specializes in power transactions across Canada. He negotiates PPAs, develops and finances wind farms including for Pattern/Samsung/ Capital Power, solar, transmission lines and gas plants including for Veresen, Northland Power and the OPA. Yates, QC, C. Kemm Blake, Cassels & Graydon LLP (403) 260-9667 kemm.yates@ blakes.com Mr. Yates's energy practice takes him to regulatory tribunals, courts and arbitrations. He represents energy pipelines, producers and project developer interests in facilities, tolls, export licence and judicial proceedings. Zacher, Glenn M. Stikeman Elliott LLP (416) 869-5688 gzacher@stikeman. com Mr. Zacher practises commercial/ administrative litigation and energy regulation. He represents clients before courts and tribunals (OEB) in regulatory, compliance and appeal proceedings. His clients include public agencies and energy companies. Zalmanowitz, QC, Barry Dentons Canada LLP (780) 423-7344 barry.zalmanowitz@ dentons.com Mr. Zalmanowitz's competition and Investment Canada Act practice includes a focus on the oil and gas, restructured electricity and oil and gas service sectors. His experience embraces M&A, criminal, private damage and reviewable practices issues.

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