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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Conifex Biomass Power Project Refinancing

2018

Areas Banking and Finance Law

Summary

Goodmans represented the syndicate of lenders in connection with the completion by Conifex Timber Inc.’s (TSX: CFF) wholly-owned subsidiary Conifex Power Limited Partnership of a $70 million secured term loan (the "Loan") with a syndicate of private lenders to refinance its existing loan. The Loan has a 15 -year term, is secured by substantially all of the power segment assets and bears interest at a rate of 6.10% per annum.

The Loan is expected to be fully amortized over its 15-year term, which ends approximately 18 months before the remaining term of Conifex Power Limited Partnership’s Electricity Purchase Agreement with B.C. Hydro and Power Authority. Upon the fulfillment of a requirement to fund a reserve account, the Company expects the free cash flow generated from the power project will be available for general corporate purposes.