Lindsey Morden Subsidiary Arranges Credit Facility

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.


R. John Cameron Philip Mohtadi Richard W. Johnson Andrew Biderman Barry Tarshis Rima Ramchandani