66 Wellington St W, Suite 5300, TD Bank Twr, Toronto, ON
Year called to bar: 1991 (ON)
Partner in the firm’s Financial Services group in Toronto. Practice focuses on lending and secured transactions, with particular emphasis on lending to the power, financial services, private equity, and media/telecom sectors. Regularly acts for bank syndicates, non-bank lenders, and borrowers on domestic, cross-border, and international loan transactions. Recent transactions include acting for borrowers in respect of multi-billion dollar liquidity facilities backstopping commercial paper programs, acting for lenders and borrowers in respect of backstop liquidity facilities for central clearing parties, acting for investors on multiple bond offerings in connection with the development or financing of wind power, solar and hydroelectric generation facilities, including a $1 billion financing of a hydroelectric facility, acting for the providers of capital call, net asset value and hybrid credit facilities to domestic and international private equity funds, and acting for Canadian borrower clients with significant foreign operations in the implementation and restructuring of their global credit facilities. Chair of McCarthy Tétrault LLP’s National Pro Bono Committee. Member of the Board of Directors of LEAP Pecaut Centre for Social Impact. Called to the Ontario Bar in 1991.
On July 20, 2018, TransAlta Corporation (“TransAlta”) completed a $345 million secured bond offering, by way of a private placement for its newly formed limited partnership, TransAlta OCP LP (the “Issuer”), which was secured by, among other things, a first ranking charge over all but a nominal percentage of the equity interests in the Issuer and its general partner, and a first ranking charge over all of the Issuer’s accounts and certain other assets (the “Financing”).
On June 22, 2018, Axium Infrastructure (Axium) and Manulife Financial Corporation (Manulife), through a special-purpose acquisition vehicle Northwestern Hydro Acquisition Co Inc., completed their acquisition of a 35% indirect equity interest in the Northwest British Columbia Hydroelectric Facilities (the Facilities) from AltaGas Ltd. (AltaGas).
On April 1, 2016, Corus Entertainment Inc. acquired the business of Shaw Media Inc. from Shaw Communications Inc. This acquisition more than doubled Corus’ size, creating a combined portfolio of brands that encompass 45 specialty television services, including leading women and lifestyle, kids, family and general entertainment brands; 15 conventional television channels; 39 radio stations; a global content business; book publishing; and a growing portfolio of digital assets.