Royal Victoria Hospital DBFM Project
|Areas||Commercial Real Estate, Commodity Tax/Customs, Health Care Law, Procurement, Public/Private Partnerships and Alternative Finance, Tax|
Goodmans represented Vanbots, a division of Carillion Construction Inc. in connection with the financial close of the Royal Victoria Hospital of Barrie Project. On February 18, 2009, the Royal Victoria Hospital of Barrie reached financial close with Vanbots to build and finance the hospital’s Phase I Expansion Project, with Banco Espirito Santo de Investimento SA, New York Branch, National Australia Bank Limited and Norddeutsche Landesbank Gironzentrale, New York Branch as lead arrangers and co-documentation agents and with financing provided by Espirito Santo Investment plc, National Australia Bank Limited, Norddeutsche Landesbank Gironzentrale, New York Branch, Bank of Montreal, CIT Financial Ltd., National Bank of Canada Inc., and Toronto Dominion Bank. National Bank Financial served as financial advisor, and CIT Financial Ltd. acts as Administrative Agent to the banks.
The project includes the addition of the Simcoe Muskoka Regional Cancer Centre and renovations to, and increased capacity in, the Emergency and Diagnostic Imaging Departments and a dedicated Coronary Care Unit. The value of the contract for The Royal Victoria Hospital of Barrie’s Phase I Expansion Contract is $258.5 million.