26 LEXPERT MAGAZINE
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MARCH/APRIL 2018
BIG DEALS
Fasken Martineau DuMoulin LLP, with a
team composed of Jean-Pierre Chamberland
(capital markets), Marc Novello and Martin
Racicot (financing) and Claude Jodoin (tax).
Utilities Financials Health Research
Entertainment Recreation & Leisure Advertising & Marketing
E-Commerce Construction & Engineering
Consumer Staples
PROVINCE OF ALBERTA
COMPLETES $900M FIRST
RE-OPENING BOND OFFERING
CLOSING DATE: JUNE 12, 2017
On June 12, 2017, the Province of Alberta
completed a first re-opening of the offering
of series DQ 3.05 per cent bonds due De-
cember 1, 2048.
e first re-opening of the offering was
completed by a syndicate of underwriters
led by RBC Dominion Securities Inc., and
including, BMO Nesbitt Burns Inc., Scotia
Capital Inc., CIBC World Markets Inc., Na-
tional Bank Financial Inc. and e Toronto-
Dominion Bank.
e Province of Alberta was represented
by Michael Gluckman, Christopher Ont-
kean and Margaret Mansell of Alberta Jus-
tice and Solicitor General.
e underwriters were represented by Jon
Truswell and Jordan Primeau of Bennett
Jones LLP.
E-Commerce Construction & Engineering
Consumer Staples
THE GROVES MEMORIAL
COMMUNITY HOSPITAL
DEVELOPMENT PROJECT
REACHES FINANCIAL CLOSE
CLOSING DATE: JUNE 15, 2017
On June 15, 2017, Groves Memorial Com-
munity Hospital (GMCH), as represented
by Ontario Infrastructure and Lands Cor-
poration (IO) reached financial close with
EllisDon Infrastructure GMCH Inc. (Proj-
ect Co) to design, build and finance the new
Groves Memorial Community Hospital
development project located in Centre Wel-
lington, Ont.
e contract is valued at $127.5 million,
which will cover the cost of design, construc-
tion and project financing.
e new hospital will be built in Aboyne,
Ont., between Elora and Fergus, and will
replace the existing community hospital in
Fergus, Ont.
e project focuses on the services most
urgently needed by the Centre Wellington
community. is brand new rural hospital
development will integrate into the Grand
River trail network and the natural sur-
roundings, and is expected to achieve a Lead-
ership in Energy and Environmental Design
(LEED) Silver certification for design excel-
lence and sustainability.
GMHC was represented by Cassels
Brock & Blackwell LLP with a legal team
that included Colin Ground and Michael
Alvaro. IO legal counsel Hena Sial, Pina Di
Biase and Nicholas Shkordoff also assisted
GMCH with this transaction.
Project Co was represented by Blake, Cas-
sels & Graydon LLP with a legal team that
included Vivian Kung, Joe Zed and David
Mender and an in-house legal team includ-
ing Ken Bursey and Jessica Ho-Wo Cheong.
e lenders were represented by McMil-
lan LLP with a legal team that included Ju-
lie Han, Don Waters, Peter Willis, Shaheen
Karolia and Michael Burns.
LEADON INVESTMENT INC.
COMPLETES $716 M
FINANCING WITH AAREAL
BANK AG
CLOSING DATE: JUNE 27, 2017
On June 27, 2017, Leadon Investment Inc.,
as Borrowers' Representative, and certain
of its affiliates, as Borrowers, completed the
financing of 22 hotel properties across Cana-
da, for a total amount of approximately $716
million, comprised of a $649-million term
credit and a $67-million renovation credit
with Aareal Bank AG, as Administrative
Agent thereto.
Blake, Cassels & Graydon LLP acted
as legal advisor to Aareal Bank AG, with a
team led by Peter MacGowan and Alexis
Levine, and that included Jennifer Hancock,
Danielle Butler, Rodney Perkins, Yannick
Beaudoin, Rebecca Dawe and Lori Komis (fi-
nancial services), Silvana D'Alimonte, Garth
Anderson, Greg Umbach, Jay Geers, Gregory
Lee, Jason Kolarich, Randy Bassi and Randy
Savela (real estate) and Andrew Spiro (tax).
Goodmans LLP acted as legal advisor
to the obligors, with a team that included
Fred Rubinoff, Bram Green, Mitch Sher-
man, Glenn Ernst, Jay Feldman, Jeff Citron,
John Alton, Geoff Cowper-Smith, Tyler
D'Angelo, Dennis Beker, Gloria Lauzon and
Heather Wilson, and with assistance from
Loeb & Loeb LLP, Terra Law Corp., Stew-
art McKelvey, Bishop McKenzie LLP,
MLT Aikins LLP, De Grandpré Chait
LLP, Mourant Ozannes Co. and Clarke
Ey Koria.
Consumer Services Energy & Power Pipelines
Aerospace & Defence Automotive Materials
Utilities Financials Health Research
Media & Entertainment Recreation & Leisure Advertising & Marketing
PATTERN ENERGY COMPLETES
PUBLIC OFFERING OF 9.2M
CLASS A SHARES
CLOSING DATE: OCTOBER 23, 2017
On October 23, 2017, Pattern Energy Group
Inc. completed an underwritten public offer-
ing of 9,200,000 shares of its Class A com-
mon stock (including 1,200,000 shares of
common stock upon the exercise in full by
the underwriters of their over-allotment op-
tion), for gross proceeds of approximately
US$215 million.
e common stock was registered and
sold in the United States under Pattern En-
ergy's shelf registration statement and base
prospectus included therein filed on August
14, 2017, as supplemented by a prospectus
supplement dated October 18, 2017, and was
qualified for distribution in Canada under
Pattern Energy's multijurisdictional disclo-
sure system shelf prospectus dated Septem-
ber 8, 2017 as supplemented by a prospectus
supplement dated October 18, 2017.
e common stock was sold through an
underwriting group led by Morgan Stan-
ley & Co. LLC and Merrill Lynch, Pierce,
Fenner & Smith Incorporated, and which
included KeyBanc Capital Markets Inc. and
SG Americas Securities, LLC.
Pattern Energy is an independent power
company focused on owning and operating
power projects with stable long-term cash
flows in attractive markets with potential for
continued growth of its business.
Pattern Energy holds interests in 20 wind
power projects, including the Mont Sainte-
Marguerite wind power project it has com-
mitted to acquire, with a total owned in-
terest of 2,736 MW in the United States,
Canada and Chile that use proven and best-
in-class technology.
Pattern Energy was represented by its in-
ternal counsel team, by its US counsel Davis
Polk & Wardwell LLP, and by its Canadian
counsel Blake, Cassels & Graydon LLP.
e Davis Polk corporate team included
