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Acted as Canadian counsel for Fiat S.p.A. in the purchase of substantially all of Chrysler LLC's operations by a new company formed in alliance with Fiat for approximately US$2 billion in cash and the assumption of certain liabilities under a US restructuring (Chapter 11) and in the related approximately US$7 billion first lien credit facility provided by the United States Department of the Treasury and the approximately $2 billion working capital facility provided by Export Development Canada. |
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2009 |
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Acted for Plenary Health which led the successful consortium for the design, build, finance and operation of the new Niagara Health System project. The Niagara Health System project reached financial close on March 27, 2009. The project is an Alternative Financing and Procurement ("AFP") project for the design, build, finance and maintenance aspects of a greenfield 970,000 square foot hospital and cancer centre in St. Catharines, Ontario. Payments to cover construction, building maintenance, lifecycle repair and renewal and project financing will be made on an availability and performance basis, in a total amount of $1.42 billion over 30 years, or a net present value of $759 million. This project was awarded the 2009 Americas Social Infrastructure Deal of the Year by Project Finance magazine. |
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2009 |
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Acted for the sponsors of approximately 12 of the 22 conduits as well as DBRS Limited, the credit rating agency which rated the commercial paper issued by the restructured entities, in connection with the $32 billion Canadian Third Party ABCP restructuring. |
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2009 |
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Acted for Winnington Capital Group Inc. in the establishment of Winnington Opportunities Fund LP. |
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2008 |
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Canada Lands Company Limited CLC acquisition of Pensionfund Realty Limited's leasehold interest in the Metro Toronto Convention Centre Complex, specifically the InterContinental Toronto Centre Hotel and the office tower at 277 Front Street West in Toronto, Ontario. Davies represented Canada Lands Company Limited CLC. |
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2008 |
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Acted for the Plenary Group which was awarded a contract by Infrastructure Ontario to design, build, finance and maintain a multi-million dollar MGS Data Centre in Guelph, Ontario. Scheduled for completion in 2010, the new data centre, for the Ministry of Government and Consumer Services, will provide a major upgrade to Ontario's information technology support capacity. Plenary's contract covers a 30-year maintenance period. At the end of the 30-year maintenance period, Plenary Properties will have been paid approximately $637.2 million for the construction of the facility, building maintenance, lifecycle repair and renewal and project financing. In today's dollars this is equivalent to $352 million. |
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2008 |
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Acted for private equity fund EdgeStone Capital Equity Fund III, LP in its $70 million negotiated takeover bid for Stephenson's Rental Services Income Fund. |
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2007 |
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Acted for The Plenary Group, part of Plenary Properties, which has teamed with York University to deliver a new state-of-the-art headquarters for the Archives of Ontario, in its successful bid to design, build, manage and finance the new Archives of Ontario building. |
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2007 |
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Acted for Cascadia Forest Products Ltd. in its asset-based credit facility provided by CIT Business Credit. Cascadia Forest Products Ltd. launched following the closure of Brascan's acquisition of Weyerhauser's B.C. Coastal timberland assets. |
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2005 |
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Acted for Brascan Corp. in the equity financing, bridge loan and asset-based facility for the $1.2 billion acquisition of Weyerhaeuser Company Ltd.'s British Columbia coastal business. |
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2005 |
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