Conifex Biomass Power Project Refinancing
Goodmans LLP 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.
Expertise
Featured Work
-
Mergers and Acquisitions
Onex to sell WestJet stakes to Delta and Korean Air
Goodmans LLP is advising WestJet Airlines Ltd. and its controlling shareholder, Onex Corporation, in the sale of Onex’s minority stakes in WestJet to Delta Air Lines and Korean Air… -
Banking and Financial Services
Docebo Inc. enters into new revolving operating credit facility
Goodmans advised Docebo Inc. in connection with a new revolving operating credit facility with National Bank of Canada… -
Communications and Media
PSP Investments and BCE Inc. announce strategic partnership to create Network FiberCo
Goodmans LLP is acting as Canadian counsel to the Public Sector Pension Investment Board (“PSP Investments”) in connection with the formation of Network FiberCo, a long-term strategic partnership with… -
Restructuring
Endo International plc completes global restructuring
Goodmans LLP acted as Canadian legal counsel to the Endo Group (or the “Company”) in connection with its restructuring initiatives, transaction matters, negotiated resolutions with Canadian… -
Restructuring
Xplore completes CBCA recapitalization and restructures satellite business through RVO
Goodmans LLP acted as Canadian legal counsel to Xplore Inc. in connection with its recapitalization, restructuring, financing, regulatory, governance and business initiatives, including its review of… -
Mergers and Acquisitions
Andlauer Healthcare Group to be acquired by UPS
Goodmans LLP is acting for Andlauer Healthcare Group (“AHG”) in connection with a definitive arrangement agreement with affiliates of UPS under which UPS has agreed to acquire AHG via an all-cash…