TransactionsCassels Brock Acts for Sprott Power Corp. in Its $45 Million Debt FinancingPublished: 09/09/2011 By Suhuyini Abudulai, Noble C. Chummar, Colin Ground, Charles Newman On August 16, 2011, Sprott Power Corp. (“Sprott Power”) closed a $45 million debt financing for its Amherst, Nova Scotia wind power generation project (the “Amherst Project”). The Amherst Project is a joint venture between Sprott Power and Firelight Infrastructure Partners L.P. The debt financing was arranged by Stonebridge Financial Corporation, as agent, with financing provided by the Great-West Life Assurance Company and OPB Investments Inc. The Amherst Project is a 31.5 megawatt nameplate capacity wind power project located near Amherst, Nova Scotia and is owned by SP Amherst Wind Power LP, a partnership between subsidiaries of Sprott Power and Firelight. Construction of the Amherst Project commenced in May 2011 and is expected to be completed in the first quarter of 2012. Sprott Power is a publicly-traded Canadian corporation, dedicated to the development, owning and operating of renewable energy projects. Through project development efforts, acquisitions, partnerships and joint ventures, Sprott Power provides its shareholders with income and growth from the renewable power generation sector of the energy industry. Cassels Brock acted for Sprott Power with a team that included Noble Chummar (Business Law), Charles Newman (Financial Services), Colin Ground (Business Law and Renewable Energy & Clean Technology), Bruce McNeely (Business Law) and Suhuyini Abudulai (Financial Services). |