Date Closed

May 1, 2017

Lead Office

Toronto

On May 1, 2017, Home Capital Group Inc. ("The Company") announced that its subsidiary, Home Trust Company, entered into a Credit Facility for a C$2 billion liquidity line from Healthcare of Ontario Pension Plan ("HOOPP"), a major Canadian institutional investor. The C$2 billion credit facility was secured against a portfolio of residential mortgages originated by Home Trust. On May 1, an initial draw of C$1 billion was advanced by HOOPP to Home Trust. In the course of the ensuing week, HOOPP syndicated portions of the C$2 billion credit facility commitment to units of Credit Suisse, Goldman Sachs, Fortress Investments and a major North American financial institution.

HOOPP is one of Canada’s largest defined benefit pension plans that provides retirement security to healthcare workers in Ontario.

McCarthy Tétrault LLP advised HOOPP and the syndicate with a team led by Barry Ryan, Marc MacMullin and Ana Badour that included D.J. Lynde, Paul Kunynetz, Shauvik Shah (Business), William McCullough, Tzen-Yi Goh, George Plummer, Christine Wong, Anthony Salandra (Real Estate) and Heather Meredith (Bankruptcy & Restructuring).