This significant matter involved the senior secured financing of TELUS International (Cda) Inc. for the purposes of partially funding TELUS International’s U.S. $250 million acquisition of a 65% interest in Xavient Information Systems.
The financing was provided by a syndicate of banks led by The Bank of Nova Scotia, acting as Administrative Agent and Co-Lead Arranger, and The Toronto-Dominion Bank, as Co-Lead Arranger. Fasken acted as lead counsel to the lending syndicate, and also advised on the original financing transaction which closed in May 2016.
