Integrated Team Solutions SJHC Partnership - S&P Global Ratings’ Credit Research

Integrated Team Solutions SJHC Partnership

Integrated Team Solutions SJHC Partnership - S&P Global Ratings’ Credit Research
Integrated Team Solutions SJHC Partnership
Published May 31, 2012
2504 words — Published May 31, 2012
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Abstract:

Integrated Team Solutions SJHC Partnership (ITS or ProjectCo) is a special-purpose vehicle responsible for designing, building, financing, and maintaining a new mental health care facility in London, Ont., and a new forensics mental health care facility in St. Thomas, Ont. Financing entailed C$211.7 million in senior secured bonds and a C$158.7 million revolving senior secured credit facility. The senior debt tranches rank pari passu and benefit from essentially the same security package. The 'A-' ratings on ProjectCo's senior secured debt primarily reflect Standard&Poor's Ratings Services' view of the following strengths: A capable and experienced consortium comprising Fengate Capital Management Ltd. on behalf of the LPF Infrastructure Fund, OE Infrastructure Fund L.P., and TCPP Infrastructure Fund L.P. (the Fengate

  
Brief Excerpt:

RESEARCH Integrated Team Solutions SJHC Partnership Publication date: 31-May-2012 Primary Credit Analyst: Paul Judson, CFA, Toronto (1) 416-507-2523; paul_judson@standardandpoors.com Secondary Contact: Yousaf Siddique, CFA, Toronto...

  
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MLA:
S&P Global Ratings’ Credit Research. "Integrated Team Solutions SJHC Partnership" May 31, 2012. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Integrated-Team-Solutions-SJHC-Partnership-971623>
  
APA:
S&P Global Ratings’ Credit Research. (). Integrated Team Solutions SJHC Partnership May 31, 2012. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Integrated-Team-Solutions-SJHC-Partnership-971623>
  
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