McInnis Cement completes financing for $1.5-B cement plant and Marine Terminals Project

On July 2, 2019, McInnis Cement closed a $500-million private capital refinancing $1.5-billion project to build a cement plant and several marine terminals and the recent $500-million private capital refinancing, of which $300 million of the funds were provided through an increase to McInnis Cement’s senior loan facility, and $200 million was provided by Caisse de dépôt et placement du Québec and Beaudier Inc.

McInnis Cement is a privately held company with corporate headquarters in Québec, Canada, with its United States headquarters in Stamford, Connecticut. The company’s plant in Port-Daniel–Gascons, Canada is the first new cement plant to serve Eastern Canada as well as the U.S. Eastern seaboard and Great Lakes region in more than 50 years.

McInnis Cement was represented by McCarthy Tétrault LLP, with a team comprised of Mathieu Dubord, Étienne Guertin, Francois Dupuis, Jason Phelan, François Dupuis, Clemens Mayr and Vincent Laurin (Corporate), Ellen Chen (Banking), Christian Meighen, Marie-Soleil Landry, Quentin Lageix, Nicolas Cloutier, Anthony Sylvain and Nicolas Désy (Tax), Annie Gagnon-Larocque (Real Estate), and Cindy Vaillancourt (Environment).

McInnis Cement was represented by McCarthy Tétrault LLP, with a team comprised of Mathieu Dubord, Étienne Guertin, Jason Phelan, François Dupuis and Ellen Chen (Banking), Marie-Soleil Landry, Nicolas Cloutier, Anthony Sylvain, Christian Meighen, Francois Dupuis and Annie Gagnon-Larocque (Real Estate), Vincent Laurin, Quentin Lageix and Cindy Vaillancourt (Environment), Nicolas Désy and Clemens Mayr.

McInnis Cement’s senior lenders were represented by Norton Rose Fulbright Canada LLP (Montreal, Quebec, New York and Austin offices), with a team comprised of David Lemieux, Michèle Friel, Thomas Nichols and Josh White (Banking) and Miguel Manzano (Real Estate) in Montreal, Mélissa Devost (Environment) in Quebec, Sean Corrigan (Banking) and Brian Devine (Shipping) in New York and Amy Mitchell (Real Estate) in Austin.

Investissement Québec was represented by Gowling WLG, with a team led by Marie-France Béland (Project Finance) and that included Émilie Clairoux, Ingrid Anton and Robert Dorion.

Caisse de dépôt et placement du Québec was represented by Fasken Martineau DuMoulin LLP with a team led by Constantinos Ragas and Félix Gutierrez.

Beaudier Inc. was represented by Norton Rose Fulbright Canada LLP with a team comprised of Nicolas Labrecque, Martin Thériault, Vincent Filiatrault and Rachel Lesmerises.

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