Chartwell Master Care Enters Secured Bridge Credit Facility

On July 6, 2004, Chartwell Master Care LP, a Manitoba limited partnership, entered into a $62 million secured bridge credit facility with Royal Bank of Canada, as lender, and RBC Capital Markets, as lead arranger, for the purpose of financing the purchase of various seniors housing facilities.

Chartwell was represented by Borden Ladner Gervais, with a team that included Bruce Fowler, Alan Sless, Gus Karantzoulis, Evelyn Goldfarb, Jeffrey Ellis and Jenette Boycott. Royal Bank of Canada was represented by Osler, Hoskin & Harcourt, with a team that included Michael Matheson, Tim Schumacher, Dale Seymour and Stacy Swartz.