On October 6, 2022 a syndicate of lenders led by The Bank of Nova Scotia (“Scotiabank”) completed the refinancing of Wajax Limited (“Wajax”), a Canadian industrial machinery and equipment company, for aggregate US$400 million in term and revolving loans.
Financing provided by the revolving loan will, among other things, partially fund the repayment of senior notes of Wajax and otherwise be used for general corporate purposes permitted under the Credit Agreement.
Fasken acted as lead counsel to the syndicate of lenders led by Scotiabank with a team led by David Ferris and including Nathan Gates, Angela Onesi and Élaine Laberge-Poirier.
Jurisdiction
- Ontario
