LEXPERT MAGAZINE
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MARCH 2017 27
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CORPORATE TRANSACTIONS OF IMPORTANCE
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Concurrently with the offering, Source LP
amended and restated its credit agreement
with a syndicate of lenders — led by Bank of
Montreal as agent (the "Agent") — that pro-
vides for a $35-million operating facility and
US$5-million standby letter of credit facility.
Source is an integrated supplier and dis-
tributor of Northern White frac sand used in
multi-stage hydraulic fracturing in Western
Canada and the United States with a leading
market presence in key areas of the Western
Canadian Sedimentary Basin (WCSB).
Source sells frac sand directly to explora-
tion and production companies as well as
indirectly through pressure pumpers by way
of its strategically located terminal network,
which allows Source to efficiently move
Northern White frac sand from its Can-
adian National Railway origin mine and pro-
cessing facilities in Wisconsin to the Mont-
ney, Duvernay, Deep Basin and other oil and
natural gas plays in the WCSB.
Source was represented by Stikeman El-
liott LLP with a team comprised of Leland
Corbett, Craig Story, Patrick McNally, Amy
Nugent and Rhonda Ferguson (corporate &
securities), Michael Yuzdepski and Cather-
ine Grygar (real estate) and Julie D'Avignon
and Kevin Guenther (tax). Paul, Weiss, Rif-
kind, Wharton & Garrison LLP acted as
US securities counsel to Source with a team
comprised of Andrew Foley, Ronnie Ollo
and Dave Marshall.
e Initial Purchasers were represented
by Blake, Cassels & Graydon LLP with a
team comprised of Tim Andison, Olga Kary,
Jennifer Marshall, Jacob Gofman, Joshua
Whitford, Andrew Goldie and Salma Gilani
(corporate & securities), Nick Tropak, James
Desjardins and Rodney Perkins (banking),
Jay Geers (real estate) and Brian Bailey and
Casey Richardson-Scott (tax).
e Agent and lenders were represented
by Dentons Canada LLP with a team com-
prised of Colin Yeo, Radha Khosla, Danijel
Augustinovic and Mike Tallim (banking),
David LeGeyt and John Regush (insolvency)
and Dentons US LLP, with a team com-
prised of Michelle Alves (capital markets and
banking) and Oscar Pinkas (insolvency).
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials
Media & Entertainment Recreation & Leisure
GARDAWORLD
OBTAINS CREDIT FACILITIES
CLOSING DATE: NOVEMBER 9, 2016
On November 9, 2016, Garda World Secur-
ity Corporation ("GardaWorld") entered
into Incremental Agreement in an aggregate
amount of US$125 million with the partici-
pation of Macquarie Capital Funding LLC
("Macquarie") and some of GardaWorld's
current lenders.
GardaWorld, which is among the world's
largest privately owned security and cash
services provider, offers a range of highly fo-
cused business solutions including cash servi-
ces, protective services and aviation services.
Séguin Racine, Attorneys, acted as Can-
adian legal counsel for GardaWorld, with
a team consisting of Pierre-Hubert Séguin,
Angela Kosciuk and Stéphane Palardy.
Simpson acher & Bartlett LLP acted as
US legal counsel to GardaWorld with a team
led by Adam Shapiro.
Macquarie was represented by a team at
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