Date Closed

January 28, 2011

Lead Office

Vancouver

Value

634.10 Million CAD

On January 28, 2011, Mental Health Centre Penetanguishene (MHCP) and Infrastructure Ontario reached Financial Close with Integrated Team Solutions (ITS) to design, build, finance and maintain a new forensic mental health facility.

Financing for the MHCP project is comprised of long-term fixed rate financing provided by Sun Life Assurance Company of Canada and The Canada Life Assurance Company and short-term financing provided by National Bank of Canada and The Toronto-Dominion Bank. The ITS team for this project includes Fengate Capital Management, OE Infrastructure Fund L.P., LPF Infrastructure Fund and EllisDon Inc., together with EllisDon Corporation providing construction services and Honeywell Limited as service provider.

MHCP is a 312-bed psychiatric hospital located on Georgian Bay in the Town of Penetanguishene, approximately 150 km northwest of Toronto which provides an extensive range of both acute and longer-term psychiatric inpatient and outpatient services. In addition, MHCP provides Ontario’s only maximum secure forensic hospital for clients served by both the mental health and justice systems.

McCarthy Tétrault LLP represented the lenders, with a team led by Byran Gibson.