TSX Trust, TMX Group’s corporate trust services provider, has been
appointed indenture trustee and security agent for EllisDon Infrastructure GMCH Inc.’s approximate CAD 100M bond issuance. The proceeds will be used to design and build the recently awarded Groves Memorial Community Hospital (GMCH) Development project. This project is being delivered using Infrastructure Ontario’s Alternative Financing and Procurement (AFP) model, an innovative way to finance and procure large, complex public infrastructure projects.
As trustee for all types of debt instruments, TSX Trust will help to execute the debt financings by acting as trustee, registrar, interest and redemption payment agent, and monitor issuer obligations and covenants.
“TSX Trust is proud to support EllisDon and the GMCH project and contribute to the province’s vital healthcare infrastructure,” said Loui Anastasopoulos, President, TSX Trust and Managing Director, TSX Company Services, TMX Group. “The appointment in these key roles underscores our commitment to providing efficient and superior client service to the Canadian P3 sector.”
The new hospital will be built in Aboyne, Ontario, and will replace the existing GMCH in Fergus. The project is a replacement hospital built on a greenfield site with more space for emergency, ambulatory, diagnostic and inpatient services to accommodate a growing community.