February 26, 2018

SkyPower Completes RESOP Refinancings

Goodmans LLP represented SkyPower Operations, Limited (“SkyPower”), a portfolio company of CIM Group Investments (“CIM”) in connection with the completion of five concurrent refinancings totalling $250 million by Nomura Securities International, Inc. (“Nomura”) of its seven renewable energy standard offer program (RESOP) projects located in various locations in Ontario.

SkyPower co-owns one of the projects with SunEdison Canada LLC, two with BlackRock Global Energy & Power Infrastructure Fund and one with Firelight Infrastructure Partners. This is a significant refinancing in the renewable energy sector in Ontario involving some of the oldest solar parks in the province.

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Clients comment the Goodmans team is "incredibly responsive and provides high quality advice and support on large projects." — IFLR1000, 2021
Clients note, "Pragmatic/commercial view towards getting the transaction closed in a smooth efficient manner. Partners remain deeply engaged through the transaction." — IFLR1000, 2021
One client noted, "They bring a solid, pragmatic and commercial approach to dealing with key legal issues, are flexible and easy to work with, and are client focused." — Chambers Global, 2021
Clients remark, "They communicate frequently and clearly and respond quickly to all requests. They are very efficient in the work they do to keep costs reasonable; they focus on the key issues, they manage expectations and deliver the documents according to the expected timeline." — IFLR1000, 2021
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Goodmans LLP's Banking and Finance team’s integrated approach allows it to draw on its M&A, restructuring, private equity and corporate finance teams to provide assistance on matters such as debt restructurings and loans arising from the LEEFF program. — The Legal 500 Canada, 2022

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