Acted as lead counsel to Nalcor Energy in connection with the additional C$1 billion financing of the Muskrat Falls Project underwritten by CIBC World Markets Inc and guaranteed by Canada. We also assisted Nalcor in connection with a number of amendments and negotiations over the past six months with Canada, that acted as guarantor for all the bonds issued on the capital markets by the special purpose trust, to account for cost overruns, and we have provided ongoing support and advice with respect to the project and the financing.
Fasken advised Nalcor Energy on all aspects of the financing with a team led by Angela Onesi and Félix Gutierrez, including Alex Nikolic, Svetlana Samochkine, Blaine Bowman, Éloïse Laflamme and Gabriel Lam.
Jurisdiction
- Canada
