Date Closed

May 1, 2023

Lead Office

Toronto

On May 1, 2023, East-West Tie Limited Partnership (“EWT”) completed a C$427 million private placement note offering pursuant to which EWT offered senior secured notes concurrently with entering into a secured credit facility. 

The East-West Tie Transmission line is a 450-kilometer, double-circuit, 230-kilovolt transmission line from the Wawa Transformer Station to the Lakehead Transformer Station in the Municipality of Shuniah, near Thunder Bay, Ontario, with a connection approximately mid-way at the Marathon Transformer Station. The transmission line was completed on March 31, 2022. 

McCarthy Tétrault advised EWT and its partners, with a team led by Kerri Lui (Business) that included Stephen Furlan (Financial Services), Christopher Zawadzki and Rebecca Scott (Business), Andrew Parker and Michael Eldridge (Capital Markets), William 
McCullough and Onieka Austin (Real Estate), Suzanne Murphy (Power), Gordon Nettleton and Reena Goyal (Regulatory) and Patrick McCay, Stephanie Dewey and Kathryn Walker (tax).