Paul Hastings Guides Canadian Fiber Optics in PSIC Term Loan
Deal News | Jan 21, 2025 | Paul Hastings
Paul Hastings LLP has served as an advisor to Canadian Fiber Optics Corporation (CFOC) in securing a term loan from Power Sustainable Infrastructure Credit (PSIC). This investment aims to enhance rural connectivity by improving internet access in underserved communities. CFOC is supported by its ownership group, which includes management funds from Tikehau Star Infra and the Bloomer Family Office. The legal team at Paul Hastings, led by Gregory Tan and Khushboo Agarwal, was pivotal in this transaction. Paul Hastings is renowned for its global expertise in finance, mergers & acquisitions, private equity, and a spectrum of advisory services for leading investment banks and corporations worldwide.
Sectors
- Telecommunications
- Legal Services
- Finance
- Infrastructure
Geography
- Canada – The investment and efforts to improve internet connectivity are focused within Canada.
Industry
- Telecommunications – The article discusses Canadian Fiber Optics' efforts to improve internet connectivity, relevant to the Telecommunications Industry.
- Legal Services – Paul Hastings provided legal advisory services for the loan investment, thus involving the Legal Services Industry.
- Finance – The transaction involves financing from Power Sustainable Infrastructure Credit, placing it within the Finance Industry.
- Infrastructure – The loan will be used to improve community infrastructure, specifically rural internet access.
Financials
- Not Specified – The specific amount of the term loan investment was not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | A global law firm advising CFOC in the term loan investment process. |
| Canadian Fiber Optics Corporation (CFOC) | Target Company | Company | The company receiving the term loan to improve rural internet connectivity. |
| Power Sustainable Infrastructure Credit (PSIC) | Bidding Company | Company | The company providing the term loan investment. |
| Tikehau Star Infra | Owner | Company | Part of the ownership group of CFOC. |
| Bloomer Family Office | Owner | Company | Part of the ownership group of CFOC. |
| Gregory Tan | Co-chair of Energy and Infrastructure Practice at Paul Hastings | Person | Led the legal advisory team at Paul Hastings. |
| Khushboo Agarwal | Associate at Paul Hastings | Person | Assisted in leading the legal advisory team for the transaction. |
| Garrett Tidsworth | Associate at Paul Hastings | Person | Part of the legal advisory team at Paul Hastings. |