On July 17, 2019, the Caisse de dépôt et placement du Québec announced the closing of a $500 million refinancing of McInnis Cement and an injection of $200 million in capital with Beaudier Inc. The capital was injected in the form of a loan to support the growth and expansion of McInnis Cement. Out of a total $500 million, $300 million is provided by an increase in the senior loan from a syndicate of 11 Canadian and international banks.
Investissement Québec has made certain adjustments to its debt structure. As part of the refinancing, the Quebec government will not reinvest any additional sum. The refinancing makes it possible to repay the bridge loan granted by BlackRock in 2016 and to ensure the development of its distribution network to meet increased customer demand.
This was a multijurisdictional mandate that allowed Fasken to demonstrate its multidisciplinary skills in private equity, business financing and corporate law.
A Fasken team led by Constantinos Ragas and composed of Félix Gutierrez, Alain Ranger, Svetlana Samochkine and Élaine Laberge-Poirier advised the Caisse de dépôt et placement du Québec in connection with this mandate.
Investissement Québec has made certain adjustments to its debt structure. As part of the refinancing, the Quebec government will not reinvest any additional sum. The refinancing makes it possible to repay the bridge loan granted by BlackRock in 2016 and to ensure the development of its distribution network to meet increased customer demand.
This was a multijurisdictional mandate that allowed Fasken to demonstrate its multidisciplinary skills in private equity, business financing and corporate law.
A Fasken team led by Constantinos Ragas and composed of Félix Gutierrez, Alain Ranger, Svetlana Samochkine and Élaine Laberge-Poirier advised the Caisse de dépôt et placement du Québec in connection with this mandate.
