Summary: Plenary Health Hamilton L.P.

Plenary Health Hamilton L.P. entered an agreement with St. Joseph's Healthcare Hamilton (SJHH) to design, finance, build, and maintain a new mental health and addiction care hospital and to demolish the existing facility. The hospital, in Hamilton, Ont., has 305 mental health and addiction inpatient beds, in addition to mental health and medical outpatient clinics, education and research space, and areas for clinical, administrative, and facility support. The facility has three levels above grade and one below. ProjectCo has passed down all facilities management (FM) and lifecycle responsibilities to Honeywell Ltd. for 30 years under a fixed price FM service agreement (FMSA). The 'A' issue-level rating on ProjectCo's C$254.75 million senior secured debt due May 31, 2043 (C$241.2 of which

...Plenary Health Hamilton L.P. entered an agreement with St. Joseph's Healthcare Hamilton (SJHH) to design, finance, build, and maintain a new mental health and addiction care hospital and to demolish the existing facility. The hospital, in Hamilton, Ont., has 305 mental health and addiction inpatient beds, in addition to mental health and medical outpatient clinics, education and research space, and areas for clinical, administrative, and facility support. The facility has three levels above grade and one below. ProjectCo has passed down all facilities management (FM) and lifecycle responsibilities to Honeywell Ltd. for 30 years under a fixed price FM service agreement (FMSA)....

Summary