333 Bay St, Suite 3400, Bay Adelaide Ctr, W Twr, Toronto, ON
Year called to bar: 1987 (ON)
Partner. Member of the firm’s Banking and Finance Law Group, Hospitality Law Group, and Entertainment and Sports Law Group. Practice focuses primarily on domestic and international bank financings and credit restructurings, as well as hospitality law and sports law. Over 35 years’ experience in a broad range of legal matters, including complex domestic and international secured lending and corporate finance transactions, regulated casino/gaming financings, M&A and debt restructuring transactions, and hotel/luxury residence transactions. Clients represented in banking and finance have included The Toronto-Dominion Bank, Bank of Montreal, Fortress Credit Corp., The Kilmer Group, Coca-Cola Canada Bottling Limited, Morneau Shepell, Clairvest Group, Iovate Health Sciences International Inc., Nelson Education Ltd., and Cineplex Inc. Recognized as a leading banking/finance lawyer by The Canadian Legal Lexpert® Directory, Euromoney, IFLR 1000 (Highly Regarded), Chambers Global,and The Best Lawyers in Canada. Also recognized in Who’s Who Legal: Canada for Sports Law. Published in the National Banking Law Review, the University of British Columbia Law Review, and in various sports publications on issues involving the business of sports. Called to the Ontario Bar in 1987.
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”).
On September 28, 2018, Coca-Cola Canada Bottling Limited (“CCCBL”), a joint venture established between prominent businessman and philanthropist, Larry Tanenbaum O.C., and Junior Bridgeman, a former NBA player, renowned entrepreneur and owner of Kansas City-based Heartland Coca-Cola Bottling Company, completed its previously announced acquisition of Coca-Cola Refreshments Canada Company (“CCRC”) from Coca-Cola Refreshments USA, Inc., a subsidiary of The Coca-Cola Company (NYSE:KO).
Morneau Shepell Inc. (TSX: MSI) (Morneau Shepell or the Company) acquired all of the outstanding shares of LifeWorks Corporation Ltd. (LifeWorks) for a total purchase price of approximately $426 million, payable in cash and Morneau Shepell shares.
On June 27, 2017, Leadon Investment Inc., as Borrowers’ Representative, and certain of its affiliates, as Borrowers, completed the financing of 22 hotel properties across Canada, for a total amount of approximately $716 million, comprised of a $649-million term credit and a $67-million renovation credit with Aareal Bank AG, as Administrative Agent thereto.
In the culmination of a complex cross-border bankruptcy sales and auction process, on February 28, 2017, Performance Sports Group Ltd. (PSG) announced the completion of the sale of substantially all of its assets to an investor group led by Sagard Holdings Inc. (Sagard) and Fairfax Financial Holdings Limited (Fairfax) for US$575 million, subject to certain adjustments, and the assumption of related operating liabilities.
Cineplex Inc. (Cineplex) completed new and increased credit facilities totalling $550 million, pursuant to an amended and restated credit agreement with a syndicate of lenders led by The Bank of Nova Scotia, Bank of Montreal and Royal Bank of Canada, as co-lead arrangers and The Bank of Nova Scotia, as administrative agent.
Essar Steel Algoma Inc. (Algoma) concluded its comprehensive US$1.4 billion recapitalization and refinancing. Algoma restructured certain of its existing debt obligations by way of a plan of arrangement under the CBCA and refinanced its outstanding debt through concurrent Term Loan, ABL, High Yield Debt and Junior Notes financings.