Aliya’s Foods Limited secures additional credit facility of $24 million from BMO for the purchase and construction of 7.5 acre property

April 4, 2020

On April 7, 2020, Aliya’s Foods Limited (“Aliya’s Foods”) completed the purchase of a 7.5 acre property in Edmonton, Alberta for the construction of a food processing plant. The transaction and construction are financed through an additional $24 million credit facility from the Bank of Montreal (“BMO”), amended from a previous credit facility secured in 2018, for a combined total of approximately $47 million.

Aliya’s Food is an Edmonton-based food manufacturing company specializing in authentic Indian cuisines. Aliya’s Foods is set to complete construction for the food processing plant in 2021.

Miller Thomson advised Aliya’s Food in the land transaction with a team led by Roberto Noce and Tyson Wagner (Transactions & Leasing), and comprised of Dan Chubb (Transactions & Leasing); and Marco Palazzo (Corporate).