Ontario Teachers’ Pension Plan (“OTPP”) backed Imperial Parking Corporation (“Impark”) completed the acquisition of Republic Parking System and Republic Parking Northwest. The acquisition was in part financed with a secured credit facility led by a Canadian chartered bank as agent and a syndicate of lenders.
The acquisition of Republic Parking significantly expands Impark’s footprint in the United States, firmly establishing the organization as one of the largest parking companies in North America.
Osler Hoskin & Harcourt LLP represented Impark and OTPP in both Canada and the United States on financing, Pension Benefits Act compliance and general corporate matters with a team that included Laurie Barrett, Andrew Herr, Nathan Whitaker and Marta Rochkin (Financial Services), Randall Pratt and Michael Budabin McQuown (Corporate).