Osler represented the senior lenders, Bank of Montreal and The Toronto Dominion Bank, to a special purpose entity formed by Bird Construction Inc. and its affiliates in connection with the financing of the Moncton Event Centre. This is one of the first municipal P3 projects to reach financial close in the Province of New Brunswick and extend the P3 financing model to a new asset class.
The Moncton Event Centre is a multi-use sport and entertainment facility which will include a single NHL-sized ice rink with more than 9,000 permanent seats and up to 10,000 seats to accommodate other events. The centre will also include flex space, a club lounge, private boxes and a multi-use outdoor plaza facility.
Osler represented the senior lenders with a team consisting of Christopher Bennett, Dana Saric, James Kelsall (Project Finance), and Tobor Emakpor (Project Finance/P3).