Morguard Completes Credit Facilities with TD Bank

Morguard Corporation completed three variable rate mortgage financings on December 23, 2008 with an interest rate swap feature, totalling approximately $153,000,000 with the Toronto-Dominion Bank. The facilities are secured against several multi-unit residential properties in the Greater Toronto Area.

Morguard Corporation was represented and led by its general counsel, Beverley Flynn, and corporate counsel Jacqueline Chan, who instructed a team at McMillan LLP comprised of David Slan, Robert Antenore and Rosalyn Wallace.

The Toronto-Dominion Bank was represented by Fasken Martineau DuMoulin LLP with a team comprised of Steve Blimkie, Jon Holmstrom and Linda Caldwell.