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19 December 2014

Farris Represents Advisors and Arrangers in Financing Downtown Vancouver Resort

December 17, 2014 – On December 17, 2014, Parq Holdings Limited Partnership (“Parq Holdings”) announced the completion of its US$415 million project financing for the development of a world-class urban resort adjacent to B.C. Place Stadium in Vancouver.  Once completed, the resort will feature two luxury hotels, a 60,000 square foot conference centre, five restaurants, three lounges, retail space and a new home for the existing Edgewater Casino (the “Resort”).  Construction of the Resort has commenced and is expected to be complete at the end of 2016.

A Farris team represented the syndicate of financial institutions that advised Parq Holdings and arranged project financing for the Resort, led by Credit Suisse Securities (USA) LLC with Dundee Securities Ltd. and Valtus Capital Group, LLC.

The Farris team was led by Brian R. CanfieldDuncan Reid advised on equity financing and general matters, and Michael Allen, Gordon Love and Jamie Matthews advised on debt financing matters.

A copy of the Parq Holdings press release announcing the completion of the financing can be found here.

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