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Client Work

Kruger Energy Chatham was formed by Kruger Products for the financing of a wind farm project in Chatham-Kent

Fasken
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Client

The Bank of Nova Scotia

Kruger Energy Chatham Limited Partnership (KEC), a special purpose limited partnership, was formed by Kruger Products Limited, a subsidiary of Kruger Inc., for the development, construction and operation of a wind farm in the Municipality of Chatham Kent, Province of Ontario with a nameplate capacity of 101.2 MW. To finance the Project costs, KEC entered into a credit agreement with a syndicate of lenders lead by The Bank of Nova Scotia (BNS), as agent, to provide a construction loan and a term loan of up to $196.2M, as well as a letter of credit facility of up to $16.3M. The syndicate of lenders and BNS were represented by Xeno C. Martis, Angela Onesi and Alexandre Gagnon of Fasken Martineau in Montreal and Jon Holmstrom, Dan Law and Dugan Edmison in Toronto.

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