Beanfield Technologies Inc., a leading independent connectivity provider to the enterprise, commercial and residential sectors in Toronto, Montréal, Vancouver and Ottawa, completed the securitization of certain of its fibre network assets and the related customer contracts through the private placement of $565 million of secured fibre network revenue notes to accredited investors in both Canada and the United States.

This securitization transaction was the first of its kind to be completed by a Canadian owner and operator of fibre network infrastructure.

Beanfield is backed by two of the leading private equity sponsors active in the digital infrastructure space – DigitalBridge and OMERS Infrastructure.

Beanfield’s legal team was led by Fabien Fourmanoit, its Chief Legal and Regulatory Officer, and Anthony Gordon, its Director, Legal Counsel.

Davies Ward Phillips & Vineberg LLP acted as lead Canadian counsel to Beanfield with a team that included Gilles Comeau, Cameron Rusaw, Jonas Farovitch, Hugh McKee and Victoria Li (Corporate & Commercial and Banking & Finance); Rob Murphy and Matthew Sherman (Capital Markets); Dan Wolfensohn, Elise Beauregard and Jonathan Godin (Banking - Québec); and Andrew Ellis, Sabina Han, Olivia Khazam, Ryan Wolfe and Marc Pietro Allard (Tax)

Dentons Canada LLP acted as special Canadian regulatory counsel to Beanfield.

Simpson Thacher & Bartlett LLP acted as U.S. counsel to Beanfield.

McCarthy Tetrault LLP acted as Canadian counsel to the placement agents and noteholders.

King & Spalding LLP acted as U.S. counsel to the placement agents and noteholders.

Chapman & Cutler LLP acted as U.S. counsel to the indenture trustee and the verification agent.

Seward & Kissel LLP acted as counsel to the servicer.