Our Montreal, Quebec City, New York and Austin offices advised the senior lenders on McInnis Cement’s C$1.5bn project to build a cement plant and several marine terminals and the recent C$500m private capital refinancing.
On July 2, 2019, McInnis Cement closed a C$500m private capital refinancing. C$300m of the funds were provided through an increase to McInnis Cement’s senior loan facility, and C$200m was provided by Caisse de dépôt et placement du Québec and Beaudier Inc.
McInnis Cement is a privately-held company with corporate headquarters in Quebec, Canada, with its United States headquarters in Stamford, Connecticut. The company’s plant in Port-Daniel–Gascons, Canada is the first new cement plant to serve Eastern Canada as well as the U.S. Eastern seaboard and Great Lakes region in more than 50 years.
The team included David Lemieux, Michèle Friel, Thomas Nichols and Josh White (banking); Miguel Manzano (real estate) (Montreal), Mélissa Devost (environment) (Quebec City), Sean Corrigan (banking), Brian Devine (shipping) (New York) and Amy Mitchell (real estate) (Austin).