Horizon Justice Sorel-Tracy LP closes C$198 million Sorel-Tracy detention centre project
July 26, 2013
198.00 Million CAD
On July 23, 2013, Horizon Justice Sorel-Tracy LP closed the financing and signed the partnership agreement with Société Immobilière du Québec to design, build, finance and maintain the Sorel-Tracy Detention Center in Sorel-Tracy, Québec (the Project).
The Project is being procured by Horizon Justice Sorel-Tracy LP through the government agency Société Immobilière du Québec, as a public-private partnership (PPP) project. The consortium includes Fiera Axium Infrastructure Canada II LP, Pomerleau Inc. and Johnson Controls Canada LP.
The financing consisted of senior secured bonds underwritten by National Bank Financial Inc. and a construction facility committed by National Bank of Canada.
McCarthy Tétrault LLP represented National Bank of Canada, the lender, with a team led by Mathieu Dubord.