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Client Work

Confidential hospitality and tourism business senior secured term loan facility

Fasken
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Overview

Client

Confidential Client

On March 10, 2022, a privately-owned hospitality and tourism business successfully closed a new non-revolving senior secured term loan facility in the aggregate principal amount of up to US$252,000,000 from Sagard Credit Partners II, LP. This multijurisdictional transaction involved the Company’s subsidiaries based across North America, Europe, and Australia. 

The cross-border financing involved the Vancouver, Calgary, Toronto and Ottawa offices of Fasken and law firms in Toronto, New York, Chicago, and Denver. Concurrently on funding the Company paid out two existing syndicated bank credit facilities and a third term lender. The Company provides word-class luxury rail vacation packages in Western Canada and the US.

Fasken represented the Company with a team led by Andrew Jackson (Banking & Finance) and Mishaal Gill (Banking & Finance), and includes KC Miu (Banking & Finance) and Sabrina Chang (Articling Student).

Jurisdiction

  • British Columbia

Team

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