333 Bay St, Suite 2400, Bay Adelaide Ctr, Box 20, Toronto, ON
Year called to bar: 2002
David Johnson is a partner in the firm’s Banking & Finance group. Dave routinely advises both lenders and borrowers on complex corporate and commercial debt financings in both Canada and abroad. Dave has substantial experience leading lending transactions across a wide range of industries including power and utilities, manufacturing, financial services, mining, telecommunications, real estate, food services, automotive, agriculture and retail. He is extensively involved in the area of leveraged finance with a particular focus on private equity sponsored transactions. Dave has been engaged to execute bilateral and syndicated credit facilities and debt offerings ranging in size from a few million dollars to more than $6 billion. Representative clients include The Toronto-Dominion Bank, The Bank of Nova Scotia, Bank of Montreal, Goodyear Canada, JP Morgan Chase Bank and Bank of America.
Fortis Inc. acquired all of the outstanding shares of UNS Energy Corporation for an aggregate purchase price of approximately US$4.5 billion, including the assumption of approximately US$2 billion of debt. The acquisition was financed by a US$2-billion non-revolving acquisition term credit facilities and a US$1.8 billion offering of convertible subordinated debentures represented by instalment receipts. The offering consisted of a bought deal public offering of approximately US$1.6 billion and a concurrent private placement of approximately US$200 million.