22 LEXPERT MAGAZINE
|
MAY 2018
BIG DEALS
for unavailability or non-performance.
e Project construction period com-
menced in the summer of 2017 and is expect-
ed to continue for approximately 21 months.
e Project will predominantly cross
Crown land, with approximately 30 per cent
of the lands being privately owned.
Availability payments will be paid on a
monthly basis from the AESO, and will be
made up of non-indexed capital payments,
O&M Payments that cover indexed life-cycle
costs and insurance payments.
e deal represented the largest P3 bond
transaction in Canadian history.
Bennett Jones LLP acted for Alberta
PowerLine, the project entity, as well as for
Canadian Utilities Limited as equity inves-
tor, and ATCO Electric Ltd., the operating
and maintenance contractor and construc-
tion contractor co-venturer.
e Bennett Jones team included John
Craig, Mark Kortbeek, Paul Blundy, Loyola
Keough, Shawn Munro, Deirdre Sheehan,
William Osler, Peter Westcott, Paul Bar-
beau, Denise Bright, omas McInerney,
Brian Reid, Artem Barsukov, Michael De-
Faria, Patrick Daley, Elyse van Spronsen and
Kate Devlin.
Norton Rose Fulbright Canada LLP
represented the AESO with a team. e
NRF team included David Eeles, and Rich-
ard Borden, Jennifer Kennedy, Lincoln
Mitchell and Iwan Davies.
Fasken Martineau DuMoulin LLP
(Vancouver) was counsel to Quanta Services
and Valard Construction. e Fasken team
included David Little and Marcus Turner.
Torys LLP represented the underwriters,
CIBC and RBC. e Torys team included
Dan Ford, Milosz Zemanek, Andrew Beck,
David Mattingly and Dan Doubilet.
SCREENCO MANUFACTURING
ACQUIRES GROUPE PROMAX
CLOSING DATE: JANUARY 31, 2018
On January 31, 2018, Screenco Manufac-
turing (Screenco) completed the acquisition
of all of the outstanding equity interests of
Groupe Promax (Promax), a leading manu-
facturer of patio door screen products located
in Québec City.
Founded in 1979, Screenco is one of Can-
ada's leading manufacturers of window and
door screen products. e acquisition of Pro-
max allows Screenco to cover the entire span
of North America from east to west.
With added production capacities, diverse
product offerings and advanced manufac-
turing technologies, Screenco now has the
ability to better service the North American
fenestration industry.
Screenco was represented by Stikeman El-
liott LLP with a team composed of Warren
Katz, Kevin Custodio, Jordan Dawson (cor-
porate), Éric Lévesque (tax), Stephanie We-
schler, Stephanie Pasternyk (employment),
Mistrale Lepage-Chouinard (real estate) and
Jonathan Auerbach (intellectual property).
Promax was represented by BCF LLP
with a team composed of Guy Plante, Samuel
Lajoie and Laurence Pépin.
Telecommunications Telecommunications Telecommunications
TELUS CORP. COMPLETES
$750M DEBT OFFERING
CLOSING DATE: MARCH 1, 2018
On March 1, 2018, TELUS Corp. com-
pleted a public offering of $750 million in
aggregate principal amount of new senior
unsecured notes. e notes comprised $150
million aggregate principal 4.70 per cent
series CW notes, due on March 6, 2048,
as well as $600 million aggregate principal
3.625 per cent senior unsecured series CX
notes, due on March 1, 2028. e notes were
offered through a syndicate of agents co-led
by Scotia Capital Inc., TD Securities Inc. and
BMO Nesbitt Burns Inc.
TELUS was represented in-house by Mo-
nique Mercier, Executive Vice-President,
Corporate Affairs and Chief Legal & Gover-
nance Officer, Andras Vagvolgyi, Vice Presi-
dent — Legal Services, Christopher Main,
Associate General Counsel and Assistant
Corporate Secretary, and Dennis Wong,
Associate General Counsel, and by Norton
Rose Fulbright Canada LLP with a team
that included Pierre Dagenais, Seemal Patel,
Sean Williamson and Victoria Riley (corpo-
rate and securities), and Adrienne Oliver and
Riley Burr (tax).
e syndicate for the offering was repre-
sented by Osler, Hoskin & Harcourt LLP
with a team of Michael Innes, Arlene Mack,
Kai Sheffield and Charlie Zilvytis (corporate
and securities), and Tim Hughes (tax).
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
CANOPY GROWTH
ESTABLISHES JOINT VENTURE
TO CONVERT UP TO 3 MILLION
SQUARE FEET OF EXISTING
GREENHOUSE IN
BRITISH COLUMBIA
CLOSING DATE: OCTOBER 11, 2017
On October 11, 2017, Canopy Growth
Corp. (Canopy Growth) entered into a de-
finitive joint venture agreement to form a
new company, BC Tweed Joint Venture
Inc. (BC Tweed) together with a large-scale
