Recent Work
  • Hudson's Bay Company in connection with a US$1.1B senior secured term loan facility provided by a syndicate of lenders led by Bank of America, N.A., as Term Agent provided to, among other things, finance, directly and indirectly, the acquisition by HBC of GALERIA Holding, the parent company of Germany's leading department store GALERIA Kaufhof and an equity investment in HBS Global Properties, which acquired GALERIA properties.
  • An investor group led by J.C. Flowers & Co. LLC and affiliates, and Värde Partners on the financing relating to the acquisition of CitiFinancial Canada, Inc. by way of asset securitization, namely, two securitizations of consumer loans and mortgage loans originated by the target.
  • Royal Bank of Canada in its C$500 million offering of non-viability contingent capital (NVCC) preferred shares, the first Basel III compliant issue in Canada (counsel to the underwriters).
  • Air Canada in its private offering of Enhanced Equipment Trust Certificates, the first financing of its kind in Canada, finance the acquisition of five new Boeing 777-300ER aircraft. Selected as North American Aircraft Finance Debt Deal of the Year by Euromoney.
  • InnVest Hotels LP in (i) four significant luxury hotel acquisition financings in Ontario and British Columbia; (ii) a C$350M mortgage loan portfolio financing secured by 57 hotel properties located across Canada; (iii) a C$130M revolving credit facility secured by portfolio of hotel properties; and (iv) numerous hotel mortgage loan refinancings.
  • The Bank of Nova Scotia and a syndicate of lenders in connection with revolving credit facilities provided to Manulife Floating Rate Loan Fund, a mutual fund.
  • Sea to Sky Highway Investment Limited Partnership in the refinancing of the Sea-to-Sky Highway Improvement Project, a public-private partnership project managed by Axium Infrastructure Inc., by way of a private placement offering in Canada, the United States and certain other international jurisdictions.
  • Alacer Gold Corp. and Anagold Madencilik Sanayi ve Ticaret A.S. in connection with the US$350M senior secured project finance club facility with BNP Paribas (Suisse) SA, ING Bank A.S., Société Générale Corporate & Investment Banking and UniCredit S.p.A.
  • Novacap Industries IV, L.P. in its acquisition and related financing of Greenwood Mushroom Farm.
  • Deutsche Bank and the other members of the lending syndicate, as Canadian counsel, in the financing of the Cirque du Soleil acquisition by TPG VII CDS Holdings and Fosun Capital Group.
  • GFL Environmental Inc. in connection with its C$340M senior secured revolving facilities provided by a syndicate of lenders with Bank of Montreal as administrative agent and a senior secured term loan with initial commitments of US$370 and C$130M provided by a syndicate of lenders with Barclay’s Bank, plc, as administrative agent, each of which facilities are guaranteed by GFL’s subsidiaries throughout Canada and the U.S.
  • Vale S.A. in its sale to Silver Wheaton Corp of an additional 25% of the gold by-product stream from Vale's Brazilian Salobo copper mine for US$800M and approximately US$23M in option value arising from re-pricing of certain Silver Wheaton warrants.
  • Dollarama Inc. in connection with its C$500M syndicated senior credit facility with Royal Bank of Canada, as administrative agent.
  • Centerra Gold Inc. in connection with the financing of its acquisition of Thompson Creek Metals Company Inc. by way of term and revolving credit facilities with a syndicate of lenders led by The Bank of Nova Scotia, as agent, to help finance the acquisition, as well as the amendment of the Mount Milligan stream facility with RGLD Gold AG.
  • Birks Group Inc. in connection with its US$110M asset based revolving credit facility led by Bank of America, N.A. and its US$33M term loan facility with Crystal Financial, LLC.
  • North American Palladium Ltd.  in connection with its workout of its term credit facilities with Brookfield Capital Partners and revolving credit facilities with Bank of Nova Scotia and its recapitalization pursuant to a statutory plan of arrangement.
  • A syndicate of lenders led by National Bank of Canada in the C$240M acquisition financing of the Montreal Canadiens NHL Hockey Franchise by a group of private investors led by certain members of the Molson family.
  • Seven Generations Energy Ltd. in its offering of US$425M in aggregate principal amount of 6.750% Senior Notes due 2023.
  • Éoliennes de l’Érable in connection with the project financing of its 100 MW wind farm in Quebec.
  • Tembec Industries Inc. in connection with its new asset-based secured revolving credit facility which consists of a $150M revolving credit facility with Wells Fargo Capital Finance Corporation Canada, as administrative agent, and PNC Financial Bank, National Association as syndication agent, and a US$62M "first-in, last-out" term loan.