SNC-Lavalin Innisfree McGill Finance Inc. Aug 11
- ID: 1857005
- August 2011
- Standard & Poors
C$764.1 million senior secured notes due June 30, 2044: A-/Stable C$392.5 million in senior secured construction bank facility due Sept. 30, 2014: A-/Stable Groupe immobilier sant- McGill S.E.N.C. (McGill Health or Project Co) was selected to design, build, finance, maintain, and rehabilitate the McGill University Health Centre (MUHC) for a concession of approximately 34.3 years. SNC-Lavalin Innisfree McGill Finance Inc. has on-lent the proceeds of senior secured notes and construction bank facility to McGill Health. The issue-level rating on SNC-Lavalin Innisfree McGill Finance's C$764.1 million senior secured bond due June 30, 2044, and C$392.5 million in senior secured construction bank facility due Sept. 30, 2014, broadly reflects Standard & Poor's Ratings Services' opinion of the following factors: A strong rationale...
Companies mentioned in this report are: SNC-Lavalin Innisfree McGill Finance Inc.
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