Michael Sullivan Email & Phone Number

Mississauga, Ontario, Canada

Mississauga

Ontario, Canada

Responsibilities:• Created & negotiated innovative equity and debt structures which significantly lowered the capital cost of P3 projects.• Initiated and streamlined a cost-effective process for competing financial institutions which resulted in significantly reduced spreads & fees.• Formulated, developed and negotiated complex contractor support packages that specified and allocated risks between the Contractor, SPV, Facilities Manager, Lenders and Equity Providers.• Integrated the financial advisory services into the design, construction & facilities management budgeting process.• Negotiated and coordinated with internal and external legal counsels detailed term sheets, commitment letters and final documents for all phases of the P3 procurement process.• Professionally developed and maintained a strong network of short and long-term lenders as well as credit rating agencies.• Trained and developed four financial associates with all aspects of the P3 Project Finance process including financial modelling and term sheet negotiations.Overview:• Bid 50 P3 projects with a capital value of $21B, total financing of $13.4B with $188M of equity.• Closed 26 P3 projects with a capital value of $14.4B, total financing of $7.3B & $115M of equity.Sample Projects:• Regional Express Rail projects: Rutherford, Stouffville, Kipling, & Cooksville - $694M• Regional Express Rail project - Hwy 401 Tunnel - $120M – JV with Strabag Canada• Groves Memorial Hospital – Closed December 2016 - $130M – Private Placement Bond• VivaNext BRT – Closed September 2015 - $335M – JV with Coco Paving• J. Brant Hospital – Closed December 2014 - $340M – Short term Bond• Ottawa Light Rail Transit - Closed February 2013 - $2.1B – JV with Aecon, ACS & SNC• New Oakville Hospital - Closed July 2011 - $1.1B – JV with Fengate & Carillion• Project Director for Toronto South Detention Centre - RFQ to Substantial Completion - $390M

Toronto, Canada Area

Responsible for development, financing & acquisition of single tenant and P3 infrastructure projects in Canada.Responsible for the following transactions:• A successful P3 bid for a $240 million multi-use development site in Ottawa • Disposition of TransAlta Place in Calgary – $123 million• Acquisition of a portfolio of 58 single tenant auto service properties in Canada.• Development of a 100,000 sf design build P3 project for the City of Ottawa - $22 million