Banking syndicate provides $153 million loan to finance major Alberta real estate developer

September 29, 2017

Miller Thomson advised a Schedule I bank in its capacity as lead arranger, syndication agent and administrative agent for a syndicate of banks in the provision of a $153,388,186 million loan to a major Alberta real estate developer. The loan consisted of real estate term facilities, a swingline facility and a letters of credit facility to finance the development of a planned community of new condominiums and a senior’s centre, as well as a commercial component. Miller Thomson’s team consisted of Michael Morcom and Stefan Mirkovic (banking) and Joshua Selby, Allen Fowlis and Margaret Kan (real estate).