The approximate amounts of financing put in place at financial close are detailed below. The consortium financed their construction period through short-term senior debt, which was then refinanced by a series of capital markets bond issues two to three years later.
Type of financing | Amount | Percentage |
Equity | C$708 million | 20% |
Subordinated debt | C$217 million | 6% |
Junior debt bridge | C$150 million | 4% |
Senior debt | C$2,500 million | 70% |
TOTAL | C$3,575 million | 100% |