Industry: Health - Pharmaceutical research & manufacturing
On Oct. 22, 2021, a subsidiary of DRI Healthcare Trust (TSX: DHT.UN) (TSX: DHT.U) entered into a credit agreement with a syndicate of lenders to establish a US$200 million revolving senior secured credit facility (the “Facility”). The Facility was used to retire certain senior secured notes, which will serve to fund future acquisitions of royalty assets.
The Facility was jointly arranged by Canadian Imperial Bank of Commerce and HSBC Bank Canada, and the Administrative Agent is Canadian Imperial Bank of Commerce.
Blake, Cassels & Graydon LLP was Canadian counsel to the Agent with a team including
Simon Finch,
Jennifer Hancock,
Kerri Marks,
Eric Goneau.
Weil, Gotshal & Manges LLP was U.S. counsel to the Agent with a team including
Roshelle Nagar,
Jessica Liou,
Daniel Nicholas,
Theodore Batis,
Dylan Lionberger.
Osler, Hoskin & Harcourt LLP was Canadian counsel to the borrowers with a team including
Richard Borins,
Elizabeth Mpermperacis,
Jasmyn Lee,
Madeleine Blouin.
Cravath, Swaine & Moore LLP was U.S. counsel to the borrowers with a team including
Matthew Kelly,
Nicholas Dorsey,
Oluwatumise Asebiomo,
William Hall.