Adam E. Delean
Adam E. Delean
Partner at Torys LLP
(416) 865-8232
(416) 865-7380
79 Wellington St W, Suite 3000, Box 270, TD Ctr, Toronto, ON
Year called to bar: 1990 (ON)
Co-Head of Torys’ Banking and Debt Finance Practice and Chair of the firm’s India Practice Group, his practice focuses on corporate banking, leveraged finance and structured finance. Represents both lenders and borrowers in transactions including bank credit facilities, Canadian and US bond financings, structured finance transactions, mezzanine financings and derivatives, with particular expertise in cross-border and international financings. Also regularly advises lenders and borrowers on compliance matters related to financing arrangements. Ontario Bar, 1990. LLB (Silver Medallist), 1988, University of Toronto.
Adam E. Delean is a featured Leading Lawyer in:
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On October 2, 2017, Ontario Power Generation Inc. (OPG) completed its offering of $500,000,000 principal amount of 3.315-per-cent Medium-Term Notes Due October 4, 2027 (Series 1). This was OPG’s first offering under its medium-term note program, established pursuant to its short form base shelf prospectus dated September 12, 2017.
On July 17, 2017, Brookfield Business Partners completed its acquisition of 213 gas bars operated by Loblaws Inc. and certain of its affiliates. The purchase price was $540 million, subject to adjustment.
On May 1, 2017, all of the issued and outstanding common shares of Halogen Software Inc. (“Halogen”) were acquired by Saba Software Inc. (“Saba”), Vector Capital and its affiliates (“Vector”), and Michael Slaunwhite, Halogen’s founder, executive chairman and largest shareholder.
On February 26, 2016, Franco-Nevada Corporation (Franco-Nevada) completed the acquisition, through a wholly-owned subsidiary, Franco-Nevada (Barbados) Corporation, of a precious metals stream with Narila Investments Ltd. (Narila), a wholly-owned subsidiary of Glencore plc (Glencore), for the delivery of gold and silver calculated by reference to production from the Antapaccay mine.
On July 2, 2015, Alamos Gold Inc. (Alamos) and AuRico Metals Inc. (AuRico Metals) completed a previously announced arrangement in which Alamos Gold Inc., a predecessor to Alamos (Former Alamos), and AuRico Gold Inc., a predecessor to Alamos (Former AuRico), amalgamated to form Alamos, a leading intermediate gold producer. As part of the arrangement certain assets of Former AuRico, including the Kemess project, certain royalties and cash, were transferred to AuRico Metals, AuRico Metals was listed on the TSX and the AuRico Metals shares were distributed to the shareholders of Alamos.
Leading infrastructure and construction materials enterprise Armtec Infrastructure Inc. and its affiliates (Armtec) completed a going-concern sale of substantially all of its assets to Armtec LP, an affiliate of Brookfield Capital Partners Fund III L.P. (Brookfield), in exchange for a release from approximately $200 million in secured debt obligations owing to Brookfield. The transaction was completed pursuant to an asset sale under the <I>Companies’ Creditors Arrangement Act</I> (CCAA).
Lundin Mining Corporation completed the acquisition of an 80 per cent ownership stake in the Candelaria/Ojos del Salado copper mining operations and supporting infrastructure from Freeport-McMoRan Inc., for approximately US$1.8 billion.
Scotiabank completed the acquisition of a 20 per cent equity interest in the financial services business of Canadian Tire Corporation, Limited for $500 million in cash. As part of the new business partnership, Scotiabank has agreed to provide a funding commitment to the financial services business of up to $2.25 billion and the parties have entered into a marketing program agreement to pursue joint marketing initiatives.
EnerCare Inc. and EnerCare Solutions Inc. announced on July 24, 2014, that they entered into a definitive asset purchase agreement with Direct Energy Marketing Limited, a wholly owned subsidiary of Centrica plc, to purchase Direct Energy's Ontario home and small commercial services (OHCS) business for a purchase price of $550 million.