AT&T Canada Inc. Senior Credit Facility

McCarthy Tétrault acted for AT&T Canada Inc. in connection with a $600 million syndicated senior credit facility, consisting of a $75 million operating facility and a $525 million vendor financing facility. The transaction was structured in accordance with requirements of AT&T Canada Inc’s. existing public debt and enabled AT&T Canada Inc. to provide its vendors pari passu financing with the senior creditors. The transaction closed December 8, 1999.

Principal lawyers from McCarthy Tétrault acting for AT&T Canada Inc. were Gordon D. Baird and Cecilia C. Lee. In-house counsel within AT&T involved in the transaction was Steve Chisholm and Rodger Madden. The fifteen bank lending syndicate was led by Royal Bank of Canada, as Lead Arranger, Bookrunner and Agent, with Canadian Imperial Bank of Commerce and The Bank of Nova Scotia, as Co-Syndication Agents. The lending syndicate was represented by Ogilvy Renault with the Ogilvy team being comprised of James A. Riley, Michael D. Matheson, C. Nicole Sigouin and Sandra Nissan. Ogilvy also acted for the swap counter-parties providing cross currency hedging on a pari passu basis with the senior credit facility.


Gordon D. Baird Stephen B.W. Chisholm C. Nicole Sigouin Sandra Nissan James A. Riley Rodger Madden Michael D. Matheson