Fengate Asset Management Ltd., 2023
Acted for Fengate Asset Management Ltd. in the C$50.2-million sale of 60 MW Sault Ste. Marie solar portfolio located in northwestern Ontario to Innergex Renewable Energy Inc.
Energy
Syndicate of Lenders, 2023
Acted for a syndicate of lenders led by Bank of Montreal in connection with the refinancing of certain credit facilities made available to BluEarth Renewables.
TotalEnergies EP Canada Ltd., 2023
Acted for TotalEnergies EP Canada Ltd., a subsidiary of TotalEnergies SE, in connection with its acquisition of an additional 6.65% working interest in the Fort Hills oils sands project located approximately 90 km north of Fort McMurray, Alberta.
Axium Infrastructure, 2023
Acted for Axium Infrastructure Inc. in connection with the acquisition from Copenhagen Infrastructure Partners of the Travers Solar Project located in Vulcan County, Alberta. Situated on approximately 3,330 acres of land, the project has a total nameplate capacity of 465 MW, making it the largest solar project in Canada at the time of closing.
EcoPro BM, 2023
Acting for Korea-based EcoPro BM in its C$1.2-billion joint venture with Ford and SK On to build a cathode manufacturing facility to produce electric vehicle (EVs) battery materials in Bécancour, Quebec.
GreenV B.V., 2023
Acted for Green V B.V. in its acquisition of JV Energy Solutions Inc., a provider of customer-specific heating, electrical engineering and insulation for the greenhouse horticulture industry.
The Canada Life Assurance Company, 2023
Acted for The Canada Life Assurance Company and its affiliates with the C$185.5-million financing of a portfolio of three hydroelectric generating facilities located in British Columbia and Quebec totalling approximately 107 MW owned by Innergex Renewable Energy Inc. The Gilles Lefrancois Project (24 MW) is located in Levis, Quebec and the Rutherford Creek (50 MW) and Miller Creek (33 MW) Projects are located near Squamish-Lillooet, British Columbia. The projects are fully-contracted with take-or-pay contracts with Hydro-Quebec and BC Hydro, respectively.
Fengate Asset Management Ltd., 2023
Acted for Fengate Asset Management Ltd. in the sale of the 72.6 MW Weaver wind project in Hancock County, Maine, United States to Greenbacker Renewable Energy.
Royal Bank of Canada, 2023
Acted for Royal Bank of Canada in connection with the establishment of senior secured “green loan” credit facilities in favour of a subsidiary of the University of Toronto, the proceeds of which will be used to complete deep energy retrofit projects – such as converting gas boilers to electric boilers and installing energy storage solutions – to reduce greenhouse gas emissions by more than 50 per cent, or 45,000 tonnes of CO2 equivalents, by 2030. Canada Infrastructure Bank provided subordinated credit facilities.
Aecon Construction Group, 2023
Acted for Aecon Construction Group in its investment in the Oneida Energy Storage Project. It is one of the largest clean energy storage projects in the world which is being developed in partnership with Indigenous communities.
Hydromega Services Inc., 2023
Acting for Hydromega Services Inc. in its sale, including its ownership interests in five hydropower generating stations in Québec and five additional hydropower generating stations in Northeastern Ontario, to FirstLight Power, a wholly owned subsidiary of PSP Investments and a leading clean power producer, developer and energy storage company.
Manulife, 2023
Acted for Manulife Financial Corporation on the financing of battery energy storage systems to be installed at three existing solar power projects in southern Alberta (Concord’s Coaldale, Monarch and Vulcan properties).
The Canada Life Assurance Company, 2023
Acted for The Canada Life Assurance Company in the establishment of credit facilities to finance the operations of Intragas Limited Partnership.
Umicore SA, 2023
Acted for Umicore SA/NV, a circular materials technology company headquartered in Belgium, in the development and construction of a first-of-its kind EV battery materials manufacturing plant in Loyalist Township, Ontario, that will be 100% fuelled by renewable energy from the start of production.
Axium Infrastructure, 2023
Acted for Axium Infrastructure in connection with a mezzanine financing of a portfolio of solar projects located in Ontario.
Fengate Asset Management Ltd., 2023
Acted for Fengate Asset Management Ltd. in the sale of a 75% interest in the 40 MW Grand Valley III wind project in Ontario to Axium Infrastructure.
The Electric Reliability Council of Texas, Inc., 2022
Acting as Canadian counsel for the Electric Reliability Council of Texas, Inc. in defence of an adversary proceeding under Chapter 15 of the U.S. Bankruptcy Code relating to the historic February 2021 winter storm in Texas and the resulting extraordinary demands on the state's power grid.
ENGIE, 2022
Acting as Canadian regulatory counsel to ENGIE in the EUR7.1-billion sale of its global multi-technical services division, EQUANS, to Bouygues.
Fortis Inc., 2022
Acted for Fortis Inc. in its C$500-million public offering of 4.431% senior unsecured notes due May 31, 2029.
Ingeniarts Technologies Inc., 2022
Acted for Ingeniarts Technologie Inc., operating as UgoWork, in its C$22.8-million series B financing from investors such as Fonds de solidarité des travailleurs du Québec (F.T.Q.), Export Development Canada, Capital Régional et Coopératif Desjardins and Investissement Québec.
Birch Hill Equity Partners and Kicking Horse Capital, 2022
Acted for Birch Hill Equity Partners and Kicking Horse Capital in connection with their respective investments in Tidewater Midstream and Infrastructure Ltd. This private placement was held concurrently with a bought deal public offering by Tidewater, with gross proceeds to Tidewater from the two transactions of approximately $84 million.
Enerflex Ltd., 2022
Acted as Canadian financing counsel to Enerflex Ltd. in establishing a US$700-million revolving credit facility, a US$150-million term loan and a US$925-million bridge credit facility for its US$735-million business combination with Exterran Corporation to create a premier integrated global provider of energy infrastructure.
FS Investors, 2022
Acted for FS Investors, as lead investor, as well as Fonds de solidarité FTQ, Fondaction, Fonds économie circulaire and MacKinnon, Bennett & Co. in connection with their respective investments in the Montréal green tech company CarbiCrete Inc.
MacKinnon, Bennett & Co., 2022
Acted for MacKinnon, Bennett & Co. in its equity investment in Raptor Maps Inc., a SAAS growth-stage startup operating in the solar industry.
Hydrostor Inc., 2022
Acted for Hydrostor Inc., a developer of Advanced Compressed Air Energy Storage (A-CAES) projects, in securing a US$250-million preferred equity financing commitment from Goldman Sachs Asset Management - one of the largest investments in the emerging long-duration energy storage sector.
Potentia Renewables Inc., 2022
Acted for Potentia Renewables Inc. in its sale of all of the issued and outstanding shares of Emerald Solar Energy SRL, owner of an operational solar project named Canoa 1 located in the Barahona Province, Dominican Republic, to Polaris Infrastructure Inc.
Henvey Inlet Wind LP, 2022
Advised Henvey Inlet Wind on the development of the regulatory framework for the largest First Nation wind partnership project in Canada on the lands of Henvey Inlet First Nation. We worked closely with Henvey Inlet Wind, First Nations and Environment Canada to develop the first environmental assessment and enforcement regime under the federal First Nations Land Management Act on three First Nations reserves. Key permitting issues included species at risk (and the negotiation of the first federal species at risk permit for a wind project, including complex offsetting commitments). We continue to work closely with Henvey Inlet First Nation on operational compliance matters, including species at risk.
Enerflex Ltd., 2022
Acted as Canadian counsel to Enerflex Ltd. in its U.S. and Canadian private placement of US$625-million high-yield senior secured notes.
The Manufacturers Life Insurance Company, 2021
Acted for The Manufacturers Life Insurance Company in the establishment of credit facilities to finance a portfolio of solar projects in Alberta.
Canada Infrastructure Bank, 2021
Acted for Canada Infrastructure Bank in its development of a first of its kind, flexible financing program for the Government of Canada's zero-emission buses initiative.
Fortis Inc., 2021
Acted for Fortis Inc. in its $500-million public offering of 2.18% senior unsecured notes due May 15, 2028.
Temasek, 2021
Acted for Temasek, as lead investor, in the US$75-million Series D equity financing of Svante Inc., a British Columbia-based large-scale carbon capture technology provider.
CenTrio Energy, 2021
Acted for CenTrio Energy in financing for the deferred upfront payment to Syracuse University in connection with the long-term concession agreement for the modernization of Syracuse University's steam station operations project.
Hydro-Québec, 2021
Acted for Hydro-Québec in connection with the development and construction of an electrolyzer facility with a capacity of approximately 90 MW, making it one of the most powerful electrolyzers in the world to produce green hydrogen.
J.P. Morgan Securities Canada Inc. and TD Securities Inc., 2021
Acted for J.P. Morgan Securities Canada Inc. and TD Securities Inc., the financial advisors to the special committee and board of directors of Inter Pipeline Ltd., Canada's fourth-largest pipeline company, in connection with the unsolicited bid, and subsequent acquisition, by Brookfield Infrastructure Partners LP, including with respect to their inadequacy opinions.
Generac Holdings Inc., 2021
Acted as Canadian counsel to Generac Holdings Inc., a leading energy technology company, in its US$770-million acquisition of ecobee Inc., a leader in sustainable smart home solutions.
Axium Infrastructure Inc., 2021
Acted for Axium Infrastructure Inc. in its acquisition from the Canada Pension Plan Investment Board of a 49% interest in an approximately 396 MW portfolio of four wind generation facilities (Summerhaven, Conestogo, Varna and Jericho) and two solar generation facilities (Sombra and Moore), all located in Ontario.
PSP Investments, 2021
Acted for PSP Investments in its acquisition of 49% of the Class B interests held by an affiliate of Pattern Energy Group LP in the 271.4 MW Gulf wind project located in Kenedy County, Texas.
National Bank of Canada and MUFG Bank Ltd., 2021
Acted for National Bank of Canada and MUFG Bank Ltd. in the C$216.3-million refinancing of credit facilities made available in connection with three ground-mounted, solar photovoltaic generating facilities located in Sault Ste. Marie, Ontario.
Hydro One Inc., 2021
Acted for Hydro One Inc. in the defence of a high-profile employment-related claim advanced in the context of governance changes at Hydro One following the 2018 Ontario Provincial Government election.
Hydrostor Inc., 2021
Acted for Hydrostor Inc., a developer of Advanced Compressed Air Energy Storage (A-CAES) projects, in securing $10 million in growth capital financing from BDC Capital to advance four A-CAES projects in Canada, the United States and Australia.
TransAlta Corporation, 2021
Acted for TransAlta Corporation in defending an oppression action brought by Mangrove Partners, a minority shareholder. Mangrove sought to set aside a $750-million strategic transaction entered into between TransAlta and Brookfield Renewable Partners.
ARM Energy Holdings, LLC, 2021
Acted for ARM Energy Holdings, LLC, in its acquisition of Boomerang Energy Marketing, a leading Calgary-based energy marketing firm.
Enbridge Inc., 2021
Acted for Enbridge Inc. in the sale of its minority ownership interest in Noverco Inc. to Trencap L.P. for $1.14 billion.
Axium Infrastructure Inc., 2020
Acted for Axium Infrastructure Inc. in its acquisition from Osaka Gas Co., Ltd. of a 50% interest in a portfolio of nine solar farms located in Ontario.
EAS Energy Partners, 2020
Acted for EAS Energy Partners (a consortium comprising Enwave, AECOM and Saunders Concessions), which have entered into a concession agreement with the National Western Center Authority for the construction, financing, operation and maintenance of a campus energy program for the National Western Center in Denver.
Fortis Inc., 2020
Acted for Fortis Inc. to establish a base shelf prospectus qualifying up to US$2 billion of future public offerings of securities in Canada and the United States under the multijurisdictional disclosure system.
EDF Renewables Canada Inc., 2020
Acted for EDF Renewables Canada Inc. in a tax appeal before the Tax Court of Canada to determine if three wind-farm facilities in Québec constitute inventory or capital property for tax purposes.
PSP Investments, 2020
Acted for PSP Investments in its acquisition of 49% of the Class B interests held by an affiliate of Pattern Energy Group LP in the 324.3 MW Broadview wind project located in Curry County, New Mexico, and Deaf Smith County, Texas.
PSP Investments, 2020
Acted for PSP Investments in its acquisition of a 49% interest from an affiliate of Pattern Energy Group LP in the 138 MW St. Joseph wind project located in Manitoba.
MUFG Bank, Ltd., 2020
Acted for MUFG Bank, Ltd. and a syndicate of lenders in the refinancing of credit facilities in an aggregate amount of approximately $219 million made available for the long-term operation of four ground-mount solar photovoltaic projects in Ontario, each of which had been awarded a 20-year power purchase contract with the IESO.
The Manufacturers Life Insurance Company, 2020
Acted for The Manufacturers Life Insurance Company in the financing of the Romney Wind Project, which involves more than 10,000 acres of privately-owned land in the Chatham-Kent area of Ontario.
Green Vision Holding B.V., 2020
Acted as Canadian counsel to Green Vision Holding B.V. in the $155.9-million sale of HyGear, a Dutch-based leader in onsite hydrogen generation solutions for industrial and fuel cell electric vehicle refuelling applications, to Xebec Adsorption Inc., a global provider of clean energy solutions.
Bonterra Energy Corp., 2020
Acted for the special committee of the board of directors of Bonterra Energy Corp. in its response to Obsidian Energy Ltd.'s unsolicited takeover bid to acquire Bonterra.
Fengate Capital Management, 2020
Acted for Fengate Capital Management in its acquisition (and related financing) of the Freeport Energy Center, a 260 MW natural gas-fired, combined-cycle cogeneration power plant, from Calpine Corporation.
Fortis Inc., 2020
Acted for Fortis Inc. in connection with the establishment of a $500-million bilateral revolving term credit facility with The Bank of Nova Scotia.
Enwave Energy Corporation, 2020
Acted for Enwave Energy Corporation as the successful proponent for Syracuse University's steam station operations project. Along with serving Syracuse University, the Steam Station serves the State University of New York College of Environmental Science and Forestry, SUNY Upstate Medical University, Syracuse VA Medical Center and Crouse Irving Memorial Hospital.
Fortis Energy Bermuda Limited, 2020
Acted for Fortis Inc. subsidiary, Fortis Energy Bermuda Limited, in connection with its agreement to provide a standby commitment for the US$48-million rights offering of Class A ordinary shares by Caribbean Utilities Company, Ltd.
The Manufacturers Life Insurance Company, 2020
Acted for The Manufacturers Life Insurance Company in the C$92.8 million non-recourse construction and term project financing for the Innavik Hydro Project, a 7.5 MW run-of-river hydroelectric facility being developed on the Innuksuac River in northern Québec by the first ever partnership between an Inuit corporation, which was formed under the James Bay and Northern Québec Agreement, and a leading independent power producer.
GNR Québec Capital L.P, 2020
Acted for GNR Québec Capital L.P. in the creation of an investment fund managed and funded by Fonds de solidarité FTQ and Xebec Adsorption Inc. with an initial capitalization of $20 million and that aims to increase renewable natural gas production in Québec by developing and operating efficient facilities to treat organic waste.
Axium Infrastructure Inc., 2020
Acted for Axium Infrastructure Inc. in connection with its equity investment in a 900 MW combined cycle natural gas power plant to be built near Edson, Alberta, known as the Cascade Power Project. This project won Project Finance International's Canadian Power Deal of the Year award for 2020.
Axium Infrastructure Inc., 2019
Acted for Axium Infrastructure Inc. in its acquisition from Mitsubishi Corporation of a 50% interest in a portfolio of nine solar farms located in Ontario.
Innovate Energy, 2019
Acted for Innovate Energy, a consortium consisting of ENGIE Services Canada, PCL Constructors Canada, PCL Investments Canada and Black & McDonald, in its contract to modernize, maintain and operate the district energy system that heats 80 buildings and cools 67 buildings, including the Parliament buildings, in Canada's capital region. This mandate is part of the Government of Canada's Energy Services Acquisition Program and it will contribute to the Government's goal to reduce its energy consumption and greenhouse gas emissions from its own operations by 40% by 2030.
TransAlta Corporation, 2019
Acted as Canadian counsel for TransAlta Corporation to establish a Canadian base shelf prospectus and associated U.S. registration statement registering the sale of up to US$2 billion in securities in the United States under the multijurisdictional disclosure system.
Axium Infrastructure Inc. and The Manufacturers Life Insurance Company, 2019
Acted for Axium Infrastructure Inc. and The Manufacturers Life Insurance Company in a private placement in Canada and the United States of over $1 billion of fixed rate bonds in order to refinance bridge loans used to complete their recent acquisition of AltaGas Ltd.'s remaining 55% interest in three hydroelectric projects in northwest British Columbia.
Fortis Inc., 2019
Acted for Fortis Inc. with concurrent offerings of common shares for aggregate proceeds of approximately $1.2 billion. The offerings included a $690-million bought deal in Canada and the U.S. using the multijurisdictional disclosure system, including the exercise by the underwriters of their over-allotment option, and a concurrent $500-million registered direct offering to an institutional investor. Each of the offerings was made pursuant to a prospectus supplement under Fortis' existing base shelf prospectus.
Fortis Inc., 2019
Acted for Fortis Inc. in the sale of its 51% interest in the Waneta Expansion hydroelectric generating facility in British Columbia to Columbia Basin Trust and Columbia Power Corporation for approximately $1 billion.
Power Energy Corporation, 2019
Acted for Power Energy Corporation in its acquisition of Nautilus Solar Energy, LLC, a leading U.S. solar developer and asset manager, from management and Virgo Investment Group.
PSP Investments, 2019
Acted as lead counsel for PSP Investments in (i) its sale to TCorp of a 49% undivided ownership interest in eight hydroelectric generating facilities located on the Abitibi, Seine, Rainy and Winnipeg rivers in the province of Ontario and the Raft Lake, Kettle Falls and Squirrel Falls control dams and 140 km of transmission lines and control systems for these generating facilities, and (ii) the negotiation of the management and co-ownership agreements between the partners.
Axium Infrastructure Inc., 2019
Acted for Axium Infrastructure Inc. in establishing a mezzanine credit facility in respect of Axium Solar's Elmsley and St. Isidore solar projects in Ontario.
Hydrostor Inc., 2019
Acted for Hydrostor Inc., a developer of Advanced Compressed Air Energy Storage (A-CAES) projects, in securing a US$37-million growth financing to advance their global pipeline of utility-scale energy storage projects, including equity, debt, an asset acquisition, cash commitments, a project development partnership with Meridiam, a global infrastructure developer, and a strategic technology partnership with Baker Hughes, a GE Company.
Stonebridge Financial Corporation, 2019
Acted for Stonebridge Financial Corporation in the term financing of two 10 MW operating wind generation projects owned by Musselshell Wind Project LLC in Montana.
A large Canadian general contractor, 2019
Acted for one of Canada's largest general contractors making a $40-million claim in an arbitration relating to the construction of a hydro-electric dam.
Syndicate of Lenders, 2019
Acted for a syndicate of lenders in the establishment of credit facilities to partly finance the acquisition of BluEarth Renewables by DIF Capital Partners.
TransAlta Corporation, 2019
Acted for TransAlta Corporation in connection with the activist campaign, threatened proxy contest and contested meeting by Mangrove Partners and Bluescape Energy Partners with respect to TransAlta's 2019 annual and special meeting.
The Manufacturers Life Insurance Company, 2019
Acted for The Manufacturers Life Insurance Company in its acquisition of a 50% interest in the York Energy Centre, a 400 MW natural gas fired power plant near Newmarket, Ontario.
Temasek, 2019
Acted for Temasek, as lead investor, in the initial round of Series E financing of General Fusion Inc., a British Columbia-based fusion energy start-up that is working to commercialize nuclear fusion technology.
Birch Hill Equity Partners, 2019
Acted for Birch Hill Equity Partners in the $101.6-million acquisition and related financing of non-core midstream and power assets in Canada from AltaGas Ltd. and in the $63.4-million acquisition of a 13.3% interest in Tidewater Midstream and Infrastructure Ltd., a public company, from AltaGas.
FortisOntario Inc., 2019
Acted for Fortis Inc. and its subsidiary FortisOntario Inc. in connection with Ontario's largest First-Nations-led transmission project being undertaken by Wataynikaneyap Power LP, a partnership between 24 First Nations and private investors led by Fortis. This project was one of Lexpert's Top 10 deals of 2019.
TransAlta Corporation, 2019
Acted for TransAlta Corporation in defending successfully "public interest" proceedings initiated against TransAlta by Mangrove Partners before the Ontario Securities Commission and Alberta Securities Commission in respect of the election of Directors of TransAlta at its Annual Meeting on April 26, 2019, and concerning a $750 million financing transaction entered into between TransAlta and Brookfield Renewable Partners.
The Manufacturers Life Insurance Company, 2019
Acted for The Manufacturers Life Insurance Company, as (i) senior lender, in the incremental financing for Manulife's sale of Regional Power Inc., owner of the Bear Creek, Long Lake and White River hydroelectric projects; and (ii) project lender in connection with amendments to the existing project financing facilities.
TransAlta Corporation, 2019
Acted for TransAlta Corporation in the strategic partnership with Brookfield Renewable Partners and its institutional partners, and the associated $750-million investment by Brookfield in TransAlta to advance TransAlta's transition to clean energy. The investment occurred in two tranches (i) $350 million in the form of exchangeable debentures at first closing in May 2019; and (ii) $400 million in the form of redeemable preferred shares at second closing in October 2020. This investment won Capital Markets Deal of the Year at the 2020 Canadian Law Awards.
Enerflex Ltd., 2019
Acted for Enerflex Ltd. in the negotiation and establishment of a $725-million second amended and restated revolving credit facility.
Cycle Capital Management (CCM) Inc., 2019
Acted for Cycle Capital Management (CCM) Inc. in the formation of a $300 million fund which will invest in clean tech companies at the commercialization stage.
PSP Investments, 2019
Acted for PSP Investments with its acquisition of a minority interest in the 100 MW Belle River wind farm located near Chatham-Kent, Ontario.
Plenary PCL Properties Gatineau, 2019
Acted for Plenary PCL Properties Gatineau on the closing of its contract to design, build, finance, maintain and operate a new preservation facility in Gatineau, Québec. The new preservation facility has a construction cost of approximately $330 million, and is the first "net-zero carbon" facility dedicated to archival preservation in the Americas as well as the first federal building constructed to the requirements of Canada's Greening Government Strategy.
PSP Investments, 2018
Acted for PSP Investments in its acquisition of a 49% Class B interest in the Stillwater Wind Project, an 80 MW operating wind energy project located in Stillwater County, Montana.
Fortis Inc., 2018
Acted for Fortis Inc. in its $500-million at-the-market public offering of common shares, which will be sold through the Toronto Stock Exchange, the New York Stock Exchange or on any other marketplace in Canada or the United States on which the common shares are traded.
Trivest Partners L.P., 2018
Acted for Trivest Partners, a U.S. private equity firm focused exclusively on mid-market founder- and family-owned businesses, in its acquisition of GAL Power Systems, a leading Canadian provider of commercial and industrial power generator sets and climate control systems operating across Canada, including Québec.
Fortis Inc., 2018
Acted for Fortis Inc. to establish a base shelf prospectus qualifying up to US$2.5 billion of future public offerings of securities in Canada and the United States under the multijurisdictional disclosure system.
Enercare Inc., 2018
Acted for Enercare Inc., one of North America's largest home and commercial services and energy solutions companies, in its $4.3-billion sale to Brookfield Infrastructure and its institutional partners by way of plan of arrangement.
Alimentation Couche-Tard Inc., 2018
Acted for Alimentation Couche-Tard Inc. in the sale of 13 gas stations and retail sites to Irving Oil Limited in New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island.
Fengate Capital Management, 2018
Acted for Fengate Capital Management in its acquisition of the Heartland Petrochemical Complex's Central Utility Block (CUB) cogeneration facility from Inter Pipeline Ltd. and the project financing for the development, construction and operation of the CUB.
Axium Infrastructure Inc. and The Manufacturers Life Insurance Company, 2018
Acted for Axium Infrastructure Inc. and The Manufacturers Life Insurance Company in their joint $1.4-billion acquisition of AltaGas Ltd.'s remaining 55% interest in three hydroelectric projects in northwest British Columbia: the 195 MW Forrest Kerr Hydroelectric Facility, the 66 MW McLymont Creek Hydroelectric Facility and the 16 MW Volcano Creek Hydroelectric Facility.
Power Energy Eagle Creek, LLP, 2018
Acted for a joint venture of Power Energy Corporation, a subsidiary of Power Corporation of Canada, and Claridge Inc. in the sale of their majority interest in Eagle Creek Renewable Energy, LLC, an operator of 63 hydropower facilities in the United States, representing 216 MW of capacity.
Axium Infrastructure Inc. and The Manufacturers Life Insurance Company, 2018
Acted for (i) Axium Infrastructure Inc. and The Manufacturers Life Insurance Company in their joint $922-million acquisition from AltaGas Ltd. of a 35% interest in three hydroelectric projects in northwest British Columbia: the 195 MW Forrest Kerr Hydroelectric Facility, the 66 MW McLymont Creek Hydroelectric Facility and the 16 MW Volcano Creek Hydroelectric Facility; and (ii) Northwestern Hydro Acquisition Inc. (NWHA), the special purpose acquisition vehicle formed to complete the acquisition, in a subsequent $650 million senior secured bond financing and related letter of credit facility.
Nomura Securities International, Inc., 2018
Acted for Nomura Securities International, Inc. in the refinancing of credit facilities in an aggregate amount of approximately $230 million made available for the long-term operation of seven 10-MW ground-mount solar photovoltaic projects in Ontario, each of which had been awarded a 20-year power purchase contract with the IESO.
Hydroméga Services Inc., 2018
Acted for Hydroméga Services Inc. in the acquisition of Cochrane Power Corporation's Cochrane Power Generating Station, a cogeneration facility equipped with a 30MW natural gas turbine and a 15MW biomass fuelled boiler and steam turbine.
Axium Infrastructure Inc., 2017
Acted for Axium Infrastructure Inc. in its $540-million acquisition of TransCanada's Ontario solar portfolio, consisting of eight facilities totalling approximately 105 MW of installed capacity.
BMO Nesbitt Burns Inc. and TD Securities Inc., 2017
Acted for BMO Nesbitt Burns Inc. and TD Securities Inc., as placement agents, and The Toronto-Dominion Bank and Bank of Montréal, as lenders, in connection with the private placement of $400 million aggregate principal amount of 3.310% Fixed Rate Senior Secured Notes due November 30, 2029 by, and the establishment of $33.5 million of credit facilities for, H2O Power Limited Partnership, a joint venture between Public Sector Pension Investment Board and BluEarth Renewables Inc., that owns and operates eight hydroelectric generating facilities in Ontario with a total installed capacity of approximately 142 MW. H2O Power Limited Partnership is the third largest provider of hydroelectric power in Ontario.
Luminus Management, LLC, 2017
Acted for Luminus Management, LLC in connection with its $49 million strategic investment in common shares (resulting in a 16.7% aggregate equity interest) and 10% senior secured high yield notes of Delphi Energy Corp. and negotiation of an investor rights agreement with the issuer.
PSP Investments, 2017
Acted for PSP Investments in its strategic initiatives with Pattern Energy Group Inc., including (i) the acquisition of a 9.9% interest in Pattern Energy; (ii) the joint venture between PSP and Pattern Energy to co-invest in various renewable projects; (iii) the joint acquisition with Pattern Energy of a 51% and 49% interest, respectively, in the 179 MW Meikle wind project in British Columbia and the 143 MW Mont Sainte-Marguerite wind project in Québec; and (iv) the acquisition of 49% of the Class B interests held by Pattern in the Panhandle 2 wind project in Texas.
Kruger Inc. Master Trust, 2017
Acted for Kruger Inc. Master Trust in connection with the sale of Lidya Energy, a power plant located in Lachute, Québec, that transforms the biogas released at a landfill site into electricity, to Energy Developments (Canada) Inc., a subsidiary of Energy Developments Pty Limited, a member of Australia's DUET group.
Fortis Inc., 2017
Acted for Fortis Inc. in connection with its issuance of an aggregate principal amount of approximately US$2 billion of registered notes in exchange for notes previously issued to U.S. investors on a private placement basis. The new notes issued as a result of the exchange offer were qualified by a prospectus supplement under a cross-border shelf prospectus filed under the multi-jurisdictional disclosure system.
Énergir Inc., 2017
Acted for Énergir Inc. in connection with its Canadian private placement of $200 million Series U first mortgage bonds due 2047.
Enerflex Ltd., 2017
Acted for Enerflex Ltd. in its private placement offerings of US$105 million of 4.67% senior unsecured notes due 2024, US$70 million of 4.87% senior unsecured notes due 2027, $15 million of 4.50% senior unsecured notes due 2024 and $30 million of 4.79% senior unsecured notes due 2027.
Fortis Inc., 2017
Acted for Fortis Inc. in connection with its $500-million direct registered offering of common shares to a U.S. institutional investor. The shares were sold pursuant to a cross-border shelf prospectus filed by Fortis under the multi-jurisdictional disclosure system.
Power Energy Corporation, 2017
Acted for Power Energy Corporation, a subsidiary of Power Corporation of Canada, in its investment in the Lion Electric Company.
Sprott Resource Lending Corp., 2017
Acted for Sprott Resource Lending Corp. in connection with the formation of Sprott Private Resource Lending, LP., a private credit fund focused on lending to resource companies.
