|Date Announced:||January 05, 2018|
|Date Closed:||July 18, 2018|
|Client Name:||CST Group Limited|
Concurrently, Sonicfield and China Minsheng Banking Corp., Ltd. entered into a restructuring implementation agreement providing for, among other things, the debt restructuring of Grande Cache Coal LP and Grande Cache Coal Corporation in connection with the Transaction.
On March 1, 2018, Sonicfield, CST Canada Coal Limited, an indirect wholly owned subsidiary of Sonicfield, and the Receiver entered into an assignment and assumption agreement, pursuant to which Sonicfield assigned all of its rights, interests and obligations under the Purchase Agreement to CST Canada.
On July 18, 2018, the Transaction and the Debt Restructuring were completed.
CST Group Limited, Sonicfield and CST Canada were represented by Bennett Jones LLP with a team that included Kristos Iatridis, John Lawless, Kevin Zhou (Corporate), Kevin Zych, Chris Simard (Restructuring & Insolvency), Brad Gilmour (Regulatory), Simon Foxcroft (Mining), Darcy Moch, Jay Winters (Tax), Murray Coleman, Michael Ramsay (Financial Services), John Gilmore (Employment) and Alixe Cameron (Real Estate).