Commercial close was reached on the North Battleford P3 project in Saskatchewan, Canada, on August 27, 2015.

Carillion Private Finance and Gracorp Capital Partners each hold 50% equity stakes in the deal, which involved the refurbishment and rebuild of a mental health and correctional complex in the city of North Battleford.

The C$180 million amortising bond was underwritten by TD Bank and National Bank Financial, and was priced at a spread of 210 basis points.

The construction period will run until mid-2018 and will be undertaken by Graham Design Builders and Carillion Construction.

The consortium’s financial advisor was National Bank Financial, with Operis pleased to have been involved by auditing their financial model at both the bid submission and commercial close stages.

CONTACT US

Please get in touch with either of our regional offices.

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

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Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

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Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

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Philip Allen
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Operis Europe

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+44 207 562 0400
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Operis North America

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+1 647 846 7382
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CONTACT US

Discuss your requirements with us

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

+44 207 562 0433

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