Pacific & Western Arranges Financing for $198.1 Million Hamilton’s Henderson General Hospital

LONDON, ON, Dec. 17 – David Taylor, President & C.E.O. of Pacific & Western Credit Corp. (TSX:PWC), is pleased to announce that Pacific & Western Credit Corp.’s wholly owned subsidiary, Pacific & Western Bank of Canada (the “Bank”), has arranged the financing for the construction by EllisDon Corporation of the Hamilton Health Sciences’ Henderson Redevelopment Project under Infrastructure Ontario’s Alternative Financing and Procurement Program. This financing was arranged with the assistance of the Gwich’in Tribal Council, an aboriginal organization that represents the Gwich’in in the Mackenzie-Delta of the Northwest Territories. David Taylor commented that, “Pacific & Western is delighted to provide financing for the Henderson General Hospital in Hamilton and work with EllisDon on another hospital project to assist with improving health care in Canada.”

Fred Carmichael, President of the Gwich’in Tribal Council, stated that, “the Gwich’in Tribal Council is delighted to assist with the financing of another Ontario hospital redevelopment project. The revenue from this financing will be used to assist with funding the wellness centre for the Gwich’in that is being constructed on the banks of the Mackenzie River.”

Pacific & Western Bank of Canada, a Schedule 1 chartered bank, is a branchless financial institution with $1.5 billion in assets. The Bank was formed to provide innovative financing to large corporate and government entities including hospitals, school boards, universities and colleges, municipalities and provincial and federal government agencies. With no retail operations or store fronts, the Bank is one of the most efficiently operating financial institutions in Canada. These overhead savings translate into very competitive rates for our clients.

Pacific & Western Bank of Canada is wholly owned by Pacific & Western Credit Corp., whose shares trade on the TSX under the symbol PWC.

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