On June 27, 2017, Leadon Investment Inc., as Borrowers’ Representative, and certain of its affiliates, as Borrowers, completed the financing of 22 hotel properties across Canada, for a total amount of approximately $716 million, comprised of a $649-million term credit and a $67-million renovation credit with Aareal Bank AG, as Administrative Agent thereto.
Blake, Cassels & Graydon LLP acted as legal advisor to Aareal Bank AG, with a team led by Peter MacGowan and Alexis Levine, and that included Jennifer Hancock, Danielle Butler, Rodney Perkins, Yannick Beaudoin, Rebecca Dawe and Lori Komis (financial services), Silvana D’Alimonte, Garth Anderson, Greg Umbach, Jay Geers, Gregory Lee, Jason Kolarich, Randy Bassi and Randy Savela (real estate) and Andrew Spiro (tax).
Goodmans LLP acted as legal advisor to the obligors, with a team that included Fred Rubinoff, Bram Green, Mitch Sherman, Glenn Ernst, Jay Feldman, Jeff Citron, John Alton, Geoff Cowper-Smith, Tyler D’Angelo, Dennis Beker, Gloria Lauzon and Heather Wilson, and with assistance from Loeb & Loeb LLP, Terra Law Corp., Stewart McKelvey, Bishop & McKenzie LLP, MLT Aikins LLP, De Grandpré Chait LLP, Mourant Ozannes Co. and Clarke Ey Koria.
