30 LEXPERT MAGAZINE
|
JUNE 2016
BIG DEALS
Finance (Master) Fund I L.P., as lender,
under Aurcana's amended and restated sen-
ior secured credit facility dated April 29,
2014, were extinguished in exchange for
Aurcana's Mexican operations.
e restructuring transaction was ap-
proved by the Ontario Superior Court of
Justice on November 13, 2015, pursuant to
proceedings under the Canada Business Cor-
porations Act and implemented pursuant to
an amended CBCA Plan of Arrangement on
January 7, 2016.
Aurcana was represented by Goodmans
LLP with a team consisting of Robert Chad-
wick, Brendan O'Neill, Caroline Descours
and Sydney Young (restructuring/corpor-
ate), Carrie Smit (tax) and Jeffrey A. Citron
(banking), by Axium Law Corporation
in British Columbia with a team including
Morgan Hay and Helen Racic and by RMS-
SA Abogados S.C. in Mexico with a team
consisting of José Luis Sánchez-Assad and
Ildefonso Ledezma Uribe.
Orion Mine Finance (Master) Fund I L.P.
was represented by Norton Rose Fulbright
Canada with a team including Geoffrey
Gilbert, Cassandra Marcotte and Dustin Pa-
terson (corporate), and Evan Cobb (restruc-
turing), by Hogan Lovells in Mexico with
a team consisting of Federico De Noriega
Olea and Juan Carlos Galicia and by Arendt
& Medernach SA. in Luxembourg with a
team including Alexandre Gobert, Caroline
Halembert and ierry Lesage.
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
CANADA HOUSING TRUST
NO. 1 COMPLETES $4.25B
PUBLIC OFFERING
CLOSING DATE: FEBRUARY 25, 2016
On February 25, 2016, Canada Housing
Trust No. 1, a special purpose securitiza-
tion trust, completed a two-tranche debt fi-
nancing consisting of the issuance of 2.250
per cent Canada Mortgage Bonds, Series
70 (Re-Opening), in an aggregate principal
amount of $2,000,000,000 and Floating
Rate Canada Mortgage Bonds, Series 69 (Re-
Opening), in an aggregate principal amount
of $2,250,000,000 for a combined total
of $4,250,000,000 of Canada Mortgage
Bonds, which were provided with Canada's
sovereign guarantee through Canada Mort-
gage and Housing Corporation (CMHC).
CMHC was represented in-house by
Sébastien Gignac, Reem Hindieh and Au-
drey Chauvin, who were assisted by Borden
Ladner Gervais LLP, counsel to CMHC
and special counsel to the trust, with a team
that included Rosalind Morrow, Francesca
Smirnakis and Colin Cameron-Vendrig
(corporate and securities), Stephen Redican,
Gus Karantzoulis, Aliza Premji and Arthur
Nahas (banking and financial services) and
Craig Webster (tax) in Toronto and Johanne
omas (civil) in Montréal.
In the United States, CMHC and the
trust were represented by John Donovan,
Sang Ji, Terry O'Brien and Steven Gee of
White & Case LLP.
e underwriting syndicate (for both
Series 70 (Re-Opening) and Series 69 (Re-
Opening)) was led by National Bank Finan-
cial Inc., BMO Nesbitt Burns Inc., CIBC
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