Date Closed

May 10, 2012

Lead Office

Montréal

Value

250.00 Million CAD

On May 10,2012, Éoliennes de l’Érables Inc., a wholly-owned subsidiary of Elecnor SA, completed its financing for its De l’Érable wind farm project of 100 MW located in the Province of Québec pursuant to a C$250 million senior secured construction and term loan facility provided by a lending syndicate comprised of Sun Life Assurance Company of Canada, Industrial Alliance Insurance and Financial Services Inc., The Manufacturers Life Insurance Company (Manulife) and The Great-West Life Assurance Company with National Bank Financial Inc. acting as agent on their behalf. The energy produced by the wind farm project will be delivered to Hydro-Quebec Distribution under a 20 year Electricity Supply Contract.

Elecnor is a Spanish developer of infrastructure, renewable energy and new technology projects. It employs 11,000 people and is present in more than 20 countries.

McCarthy Tétrault LLP represented National Bank Financial, with a team led by Marc Dorion.