On January 15, 2002, CAE completed a non-recourse, US$36.4 million, project financing transaction with Banco Itaú S.A. of Brazil for its aviation training facility located near Guarulhos International Airport in Sao Paulo, Brazil. The transaction represents the first cross-border project financing between a Canadian company and a Brazilian bank, with U.S. dollar loan financing to Banco Itaú being provided by Export Development Canada.
CAE was represented by Stikeman Elliott, with a team comprised of William Scott and Darren Littlejohn, assisted by Eduardo Kiss, Fernando Sandoval and Carla de Almeida Pinto of Demarest & Almeida in Sao Paulo. Donald Baker, Victor Mendoza and Maria Lopes of the Sao Paulo office of White & Case represented Banco Itaú, along with Antonio Meyer and Christian Ramos of Machado, Meyer, Sendacz & Opice in Sao Paulo.
CAE was represented by Stikeman Elliott, with a team comprised of William Scott and Darren Littlejohn, assisted by Eduardo Kiss, Fernando Sandoval and Carla de Almeida Pinto of Demarest & Almeida in Sao Paulo. Donald Baker, Victor Mendoza and Maria Lopes of the Sao Paulo office of White & Case represented Banco Itaú, along with Antonio Meyer and Christian Ramos of Machado, Meyer, Sendacz & Opice in Sao Paulo.
