Railpower Technologies Corp. to sell $35 million unsecured convertible debenture to OTPP
Date Closed
January 4, 2008
Lead Office
Montréal
Value
35.00 Million CAD
On January 4, 2008, Railpower Technologies Corp. concluded a subscription agreement with Ontario Teachers' Pension Plan Board ("OTPP") to issue and sell to OTPP a C$35 million unsecured convertible debenture.
Railpower Technologies Corp. is a subsidiary of R.J. Corman Railroad Group that builds environmentally friendly hybrid Green Goat and Genset switching locomotives.
McCarthy Tétrault LLP advised Railpower with a team led by Patrick Boucher.
