Blue Water Bridge Completes Private Placement

On July 9, 2002, Blue Water Bridge Authority completed a $110 million principal amount private placement of 6.41 per cent revenue bonds due 2027. The authority is a federal crown corporation and is responsible for the operation of the Canadian half of Blue Water Bridge’s two spans, which link Ontario and Michigan at Sarnia, Ontario.

Dan Elash and Gord Reed, executives of the authority, directed the transaction, assisted by Wayne Shipley of George, Murray, Shipley & Bell LLP in Sarnia, and by Osler, Hoskin & Harcourt LLP with a team led by Jean Fraser and including George Valentini and David Hunter (environmental), David Tetreault (tax), John Walsh and Kimberley Wharram (tax) and In Ha Jang.

Davies Ward Phillips & Vineberg LLP acted for RBC Dominion Securities Inc., the placement agents for the transaction, with a team led by Bill Ainley and assisted by John Zinn (tax) and Lori Sullivan (corporate).