On April 21, 2004, Trader Classified Media NV completed $2.85 billion of transactions including five credit transactions in Europe and Canada. Trader Classified Media publishes 400 publications and operates 50 websites around the world. In Canada, Trader Classified Media owns AutoTrader, Buy & Sell and real estate guides in nine provinces.
Trader Classified Media was represented by McCarthy Tétrault in connection with Canadian aspects of its European financings and on behalf of Classified Media Canada in connection with its $230 million North American cross border credit facility. The McCarthy Tétrault team included Stephen Clark, Gordon Baird, Justin Lapedus, Dean Masse and Ormonde Benson in Toronto, John Sullivan in Montreal and Ira Cooper in Calgary.
TD Bank, CIBC and the Bank of Nova Scotia, the lenders under the North American credit facility, were represented by Osler, Hoskin & Harcourt, with a team that included Michael Matheson, Laurie Shieff and Amrit Sidhu.