Laurentian and Merrill Lynch Close a CMBS Issue

Laurentian Bank of Canada and Merrill Lynch Mortgage Loans Inc. closed a $200 million commercial mortgage-backed securities offering on January 30, 2001. Most of the securities ($188 million) were publicly placed pursuant to a prospectus, while the remaining $12 million was privately placed. The securities represent an undivided ownership interest in a pool of 229 conventional, fixed-rate mortgages on commercial or multi-family properties located in five provinces.

The underwriting syndicate was led by Merrill Lynch Canada Inc., with Laurentian Bank Securities Inc. as selling agent. The issuer and the underwriter were represented by McCarthy T├ętrault, with a team led by Douglas J. Klaassen of Toronto, principally supported by James H. Archer, David Rounthwaite and Michael McConnell (securities) and John T. Sullivan of Montreal. Laurentian Bank of Canada was represented by a team from Ogilvy Renault led by Charles J. Boivin, assisted by Jean Daigle (securities), Carmen M. Fernandez and Alain Ricard of Montreal and Norman B. Lieff of Ottawa.

Lawyer(s)

James H. Archer Norman B. Lieff Michael K. McConnell Jean Daigle Carmen M. Fernandez John T. Sullivan Charles J. Boivin F. David Rounthwaite Alain Ricard Douglas J. Klaassen