On July 12, 2004, Cunningham Lindsey Canada Ltd., a subsidiary of Lindsey Morden Group Inc., has arranged a credit facility with Brascan Bridge Lending Fund under which it has borrowed $105 million by way of an unsecured non-revolving term facility.
Lindsey Morden Group is a holding company that provides a wide range of independent insurance claims services, including claims adjusting, appraisal and claims and risk management services. Brascan Bridge Lending Fund provides bridge loans and short-term lending, primarily in North America.
Lindsey was represented in-house by Peter Fritze; by Torys, with a team that included Philip Mohtadi, John Cameron, Richard Johnson and Rima Ramchandani; and by Paul Rivett, in-house at Fairfax Financial Holdings Ltd. (Lindsey’s controlling shareholder).
Brascan was represented by Barry Tarshis and Andrew Biderman of Goodman and Carr.