Sept. 15, 2022 - A February 16, 2021 decision of the United States District Court for the Southern District of New York held, in In re Citibank August 11, 2020 Wire Transfers, 520 F. Supp. 3d 390, that lenders who received almost $900 million mistakenly wired to them by Citibank (the administrative...
Announcement
Enerflex to Combine with Exterran
Davies is acting as Canadian financing counsel to Enerflex Ltd. in establishing a US$600-million revolving credit facility and a US$925-million bridge credit facility for its US$735-million business combination with Exterran Corporation.
The cross-border deal will create a premier integrated global provider of energy infrastructure, strengthening Enerflex’s ability to serve customers in key natural gas, water and energy transition markets.
The transaction is expected close in the second or third quarter of 2022.
The Davies team advising on the financing includes Scott Hyman, David Wilson and Stephen Dalby (Finance); and Christopher Anderson (Tax).
Related
Canada Confirms Intention to Institute New Interest and Deductibility Rules
June 07, 2022 - Overview The Department of Finance (Canada) (Finance) released draft legislation on February 4, 2022 that would limit the deduction of “interest and financing expenses” to a fixed percentage of earnings before interest, taxes, depreciation and amortization (EBITDA) for Canadian income...
