Maple Leaf Sports & Entertainment Issues Senior Secured Notes

On August 12, 2003, Maple Leaf Sports & Entertainment Ltd. (MLSE), a privately held company that owns the Toronto Maple Leafs, the Toronto Raptors and the Air Canada Centre, issued senior secured notes to a group of U.S. and Canadian institutional investors. The value of the deal is undisclosed. TD Securities Inc. acted as agent for the offering. Concurrently, MLSE also put in place an operating credit facility with TD Bank and The Bank of Nova Scotia.

MLSE was represented in Canada, by Goodmans LLP with a team that included Dale Lastman, Celia Rhea, Jay Feldman, Andrew Wiseman, Maureen Berry, Perry Katz, Michael Partridge, Don Henderson and Nik Diksic; and in the U.S., by Wilmer, Cutler & Pickering with a team that included Richard Cass in Washington, D.C., and Knute Salhus in New York.

The investors were represented in Canada, by McCarthy Tétrault LLP with a team that included Gord Sato, Fred Rubinoff, David Woollcombe, Jerald Wortsman, Marta Lewycky, Patrick Squire, Tzen-Yi Goh and Eleni Maniatis; and in the U.S., by Neil Mann, Edward Sommer, Amy Ritter and Steve Frost of Chapman and Cutler LLP in Chicago. The operating facility lenders were represented by John Torrey and Thomas Meagher of Fasken Martineau DuMoulin LLP.