On April 16, 2008, First National Financial LP (First National), a financial services entity specializing in mortgage loan origination, securitization and administration, reached closing on a credit agreement for a $378 million credit facility. The financing is being provided by Royal Bank of Canada as administrative agent and a syndicate of lenders.
Royal Bank of Canada was represented by McMillan LLP. The McMillan team included Paul Avis, Cheryl Stacey and Andrea St. Bernard (debt products).
First National was represented by In-House Counsel Hilda Wong and by Michael Clifford, R. Brian Calalang and Joshua Kuretzky of Davies Ward Phillips & Vineberg LLP.