28 LEXPERT MAGAZINE
|
MARCH 2016
BIG DEALS
and Oli Cooper, Head of Legal, and also by
Amanda Linett, Paul Rakowski and Bran-
don Hoffman (M&A), and Stuart Carruth-
ers (insurance) of Stikeman Elliott LLP.
E-L Financial was represented in-house
by Richard Carty, VP General Counsel,
and ELFS and Empire Life were repre-
sented in-house by Natalie Ochrym, Gen-
eral Counsel & Senior Vice-President, Hu-
man Resources and Corporate Services,
and by Andrew Parker and Barry Ryan
(business law) of McCarthy Tétrault 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
HYDRO ONE INCORPORATED
AND HYDRO ONE LIMITED
ENTER INTO SYNDICATED
LOAN TRANSACTIONS
CLOSING DATE: NOVEMBER 5, 2015
Hydro One Inc. and Hydro One Limited
(collectively, Hydro) recently entered into
new unsecured revolving term credit facili-
ties totalling $1,050,000,000 with a syndi-
cate of Canadian lenders represented by Roy-
al Bank of Canada (RBC), as administrative
agent, e Bank of Nova Scotia (BNS) as
syndication agent and RBC Capital Mar-
kets and BNS as co-lead arrangers and joint
bookrunners. e credit facilities are to be
used for working capital and general corpor-
ate purposes. Hydro One Inc. is the largest
electricity transmission and distribution
company in Ontario.
Hydro was represented by Heather McK-
ean, Danna Donald and Joshua Lam of Os-
ler, Hoskin & Harcourt LLP.
RBC and BNS were represented by Jeff
Rogers, Tim Murphy, Andrea St. Bernard
and Tayleigh Armstrong of McMillan LLP.
ANIXTER CANADA INC.
ENTERS INTO $325 MILLION
CREDIT FACILITY
CLOSING DATE: OCTOBER 5, 2015
On October 5, 2015, Anixter Canada Inc.
(Anixter) entered into a credit facility for
$325 million where e Bank of Nova Sco-
tia acted as administrative agent and e
Bank of Nova Scotia and Bank of America,
N.A., Canada Branch acted as co-leads. e
purpose of the financing was to provide oper-
ating credit to Anixter Canada Inc. and to
fund its acquisition of the Canadian oper-
ations as part of a US$825 million acquisi-
tion by Anixter's US parent company of the
power solutions business of HD Supply Inc.
Anixter, headquartered in Glenview, Il-
linois, is a global distributer of enterprise
cabling and security solutions, electrical and
electronic wire and cable.
Borden Ladner Gervais LLP represented
Anixter with a team led by Adrian Liu that
included James Mathers, Stephen Nguyen,
Ken Andersen and Lise Morissette.
Fasken Martineau DuMoulin LLP
acted as counsel to e Bank of Nova Sco-
tia, and Bank of America N.A., Canada
Branch, as co-leads, with a team led by
omas Meagher.
Lexpert DealsWire is a great way to keep abreast of the
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will examine and analyze key developments and trends
as they happen and will report on the key players as
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