Opérations et transactions|2 juillet 2013
Goreway Station Partnership completes C$832 million refinancing of Goreway Station
Torys acted as counsel to the lenders led by TD Bank as the administrative agent with a team that included Jonathan Weisz, Amanda Balasubramanian and Nadine Rockman Katz.
On July 2, 2013, Goreway Station Partnership (Goreway) completed an C$832 million refinancing of its existing credit facilities. The existing credit facilities were entered into in connection with the construction and operation of the Goreway Station, an 869.8 megawatt gas fired combined cycle power generation facility, situated in the Brampton, Ontario.
The Toronto-Dominion Bank (TD Bank) acted as administrative agent for the lenders consisting of TD Bank, Sumitomo Mitsui Banking Corporation of Canada (Sumitomo), Bank of Tokyo-Mitsubishi UFJ (Canada), Royal Bank of Canada, Mizuho Corporate Bank (Canada), The Bank of Nova Scotia, National Bank of Canada, Bank of Montreal and Sumitomo Mitsui Trust Bank Limited, New York Branch. The non-revolving term credit facilities were arranged by RBC Capital Markets (RBC), TD Securities (TD), The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Sumitomo and Mizuho Bank, Ltd. (Mizuho), with RBC, BTMU, Sumitomo and Mizuho also acting as syndication agents. RBC, TD, BTMU, Sumitomo and Mizuho also acted as book managers, with BTMU also acting as documentation agent.
Goreway Station, constructed by way of an engineering procurement and construction agreement with SNC-Lavalin Power Ontario Inc., began commercial operation in June 2009. The facility is intended to generate fewer noxious gases compared to a coal-fired plant, almost no sulfur emissions, and to use 95% less water than most conventional power stations.
The Toronto-Dominion Bank (TD Bank) acted as administrative agent for the lenders consisting of TD Bank, Sumitomo Mitsui Banking Corporation of Canada (Sumitomo), Bank of Tokyo-Mitsubishi UFJ (Canada), Royal Bank of Canada, Mizuho Corporate Bank (Canada), The Bank of Nova Scotia, National Bank of Canada, Bank of Montreal and Sumitomo Mitsui Trust Bank Limited, New York Branch. The non-revolving term credit facilities were arranged by RBC Capital Markets (RBC), TD Securities (TD), The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Sumitomo and Mizuho Bank, Ltd. (Mizuho), with RBC, BTMU, Sumitomo and Mizuho also acting as syndication agents. RBC, TD, BTMU, Sumitomo and Mizuho also acted as book managers, with BTMU also acting as documentation agent.
Goreway Station, constructed by way of an engineering procurement and construction agreement with SNC-Lavalin Power Ontario Inc., began commercial operation in June 2009. The facility is intended to generate fewer noxious gases compared to a coal-fired plant, almost no sulfur emissions, and to use 95% less water than most conventional power stations.