McInnis Cement closes C$500M private capital refinancing
July 02, 2019
500.00 Million CAD
On July 2, 2019, McInnis Cement closed a C$500 million private capital refinancing, comprised of C$300 million in funds through an increase to McInnis' senior loan facility, and an additional C$200 million provided by Caisse de dépôt et placement du Québec and Beaudier Inc. This refinancing also makes it possible to repay the bridge loan granted by BlackRock in 2016. McInnis has undertaken significant projects in 2019, including a new cement plant and several marine terminals, in order to increase storage and loading capacity and meet growing customer demand.
McInnis is a major North American cement production and distribution company, with headquarters in Quebec and Connecticut.
McCarthy Tétrault advised McInnis with a team led by Mathieu Dubord that included Étienne Guertin, François Dupuis, Jason Phelan, Clemens Mayr, Vincent Laurin, and Ellen Chen (Corporate & Financial Services), Christian Meighen, Marie-Soleil Landry, Quentin Lageix, Nicolas Cloutier, Anthony Sylvain, Nicolas Désy (Tax), Annie Gagnon-Larocque (Real Estate), Cindy Vaillancourt (Environment).