Crédit Agricole CIB acted as mandated lead arranger and administrative agent on a CAD 226.9 million soft mini-perm project finance bank facility.
The Bank acted alongside ING, Société Générale and Banco Espirito Santo.

The financing aims to support the redevelopment of the Ontario Women’s College Hospital, a project sponsored by Bilfinger Berger Project Investments.

Closed in July 2010, it has a 31-year legal maturity with a refinancing expected by year 9 based on 100% cash sweepA cash sweep clause means that the total amount or only a percentage of the cash flow generated by a company must be used by the borrower to reimburse its debt. It both naturally reduces its leeway and the lenders' risk.s.

The project involves design, construction, finance and operation of a new 430,000 square foot hospital development in downtown Toronto. Pursuant to an availability-based PPPPublic-Private Partnership describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. agreement with Ontario Women’s Hospital, the project is supported by the AA- / Aa1 rated Province of Ontario. The project has a scheduled construction period of approximately five years followed by a 30-year operating period.