333 Bay St, Suite 3400, Bay Adelaide Ctr, W Twr, Toronto, ON
Year called to bar: 2010 (ON)
Partner and member of the Opinions Committee at Goodmans LLP. Practice focuses on a range of domestic and cross-border financing and corporate transactions. Significant experience in debt financings, high yield issuances, recapitalizations, restructurings and streaming transactions. Advises public and private borrowers, PE sponsors, banks and other financial institutions, and private lenders, in a broad range of complex financing transactions. Advises mining companies and streamers in connection with streaming transactions. Recent experience includes representation of: Rogers Communications Inc. in its $26 billion acquisition of Shaw Communications Inc.; Macquarie Bank Limited in its US$80 million credit facilities provided to Karora Resources Inc.; Cineplex Inc., CanWel Building Materials and Clearwater Seafoods in their high yield bond issuances; Sherritt International, Source Energy and Pengrowth Energy in their successful recapitalizations and exit financings. Recognized as a leading banking lawyer by Best Lawyers in Canada, The Legal 500 Canada, TheCanadian Legal Lexpert Directory, IFLR1000, and in the Legal Media Group’s Expert Guide as a Rising Star. Featured in the Lexpert Special Edition: Global Mining and Lexpert Special Edition: Energy.
On November 30, 2018, Essar Steel Algoma Inc. (“ESAI”) concluded its comprehensive restructuring under the Companies’ Creditors Arrangement Act by way of the sale of substantially all of its assets to Algoma Steel Inc. (“ASI”).
CanWel Building Materials Group Ltd. (CanWel or the Company) (TSX:CWX) completed a $60 million bought deal offering of senior unsecured notes of the Company. The offering was underwritten by a syndicate of underwriters led by National Bank Financial Inc., and included GMP Securities L.P., Canaccord Genuity Corp., CIBC World Markets Inc., Raymond James Ltd., RBC Dominion Securities Inc., and Haywood Securities Inc. The notes trade on the Toronto Stock Exchange under the symbol CWX-NT.A. The net proceeds of the offering are expected to be used for the repayment of bank debt and for general corporate purposes.
On January 30, 2018, Refresco Group N.V. (Euronext:RFRG) completed its US$1.25-billion cash acquisition of Cott Corp.’s (NYSE:COT; TSX:BCB) bottling activities (Cott Beverages). The transaction was announced in July 2017.
On July 2, 2015, Data & Audio-Visual Enterprises Wireless Inc., operating as “Mobilicity”, was acquired by an affiliate of Rogers Communications Inc. in a transaction valued at $465 million. Mobilicity, a Canadian wireless telecommunications carrier, commenced creditor protection proceedings under the Companies’ Creditors Arrangement Act in September 2013. The transaction offered significant value to Mobilicity’s creditors and allowed Mobilicity to emerge from creditor protection as a going concern. The transaction ensures certainty of service for Mobilicity customers on the Rogers network and also results in Rogers gaining significant spectrum capacity in new markets which provides faster speeds and better quality for all Rogers customers. The transaction was subject to government and court approvals and was completed on July 2, 2015.
On May 20, 2015, Vicwest Inc. (Vicwest), Kingspan Group Limited (Kingspan) and AG Growth International Inc. (AG Growth) completed a plan of arrangement whereby Kingspan (through its subsidiary) acquired all of the issued and outstanding common shares of Vicwest and AG Growth (through subsidiary) acquired substantially all of the assets of Vicwest’s Westeel division. Pursuant to the terms of the plan of arrangement, each holder of common shares received $12.70 for each common share held. The transaction was valued approximately $360 million.
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).