Aluma Systems Canada and Aluma Enterprises Restructure

As of November 28, 2001, a further restructuring of over $150 million of indebtedness of Aluma Enterprises Inc., Aluma Systems Canada Inc. and affiliates was completed. These companies are partly owned by TDZ Holdings Inc., the successor to Tridel Enterprises Inc., and operate the construction technology business associated with Tridel.

Jamie Davis, Lewis Smith and Samantha Levy of Stikeman Elliott acted for the lenders to the Aluma Enterprises group. James Shanks (financial services) and Kathleen Penny (tax) of Blake, Cassels & Graydon LLP represented CIBC, the operating and a significant term lender to Aluma Enterprises, Aluma Systems Canada and the rest of the Aluma group. McMillan Binch acted for Royal Bank of Canada, one of the lenders to Aluma, with a team led by Jeffrey Gollob (corporate restructuring), who was assisted by Waël Rostom (corporate restructuring) and Michael Templeton (tax).

Aluma was represented by Ed Micheli of DelZotto, Zorzi. Richard Johnston, Doug Cannon and Aaron Atkinson of Fasken Martineau DuMoulin LLP acted for certain equipment financiers of Aluma Systems Canada.