333 Bay St, Suite 2400, Bay Adelaide Ctr, Box 20, Toronto, ON
Year called to bar: 1988 (ON)
One of Canada’s most highly regarded lending lawyers, John Torrey has a practice focused exclusively on lending transactions. With experience in all areas of lending, John has particular expertise in project and acquisition financings and in all aspects of mine finance. John acts on behalf of both borrowers and lenders and has extensive experience with a broad range of financings in a broad range of industries. The mine finance practice of John and his colleagues is amongst the most active in Canada. John is supported by a team of talented and experienced colleagues allowing for consistently responsive and cost-effective representation. John regularly represents, or acts opposite, many, if not most, of the banks active in Canada. John is also very familiar with counsel active in this area. John’s familiarity with those active in Canadian lending consistently proves an asset in effective and efficient file management.
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).
On July 25, 2018, Wheaton Precious Metals Corp. (Wheaton), through its wholly-owned subsidiary Wheaton Precious Metals International Ltd. (Wheaton International), closed a gold and palladium streaming agreement with Sibanye Gold Limited (Sibanye).
On August 5, 2017, Lantic Inc., a wholly owned subsidiary of Rogers Sugar Inc., completed the acquisition of all the outstanding shares of L.B. Maple Treat Corp. (LBMT) for a purchase price of $160.3 million, subject to post-closing adjustments.
On May 31, 2016, TELUS Corporation (TELUS) completed a previously-announced transaction whereby Baring Private Equity Asia (Baring Asia) acquired a 35-per cent equity stake in TELUS International (Cda) Inc. (TELUS International).
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.
Torex Gold Resources Inc., through its subsidiary Minera Media Luna, S.A de C.V., signed a credit agreement dated as of August 6, 2014, with BMO Harris Bank N.A., BNP Paribas, Commonwealth Bank of Australia, ING Bank N.V., Société Générale, and The Bank of Nova Scotia on a syndicated senior secured US$375 million project finance facility that is due to mature June 30, 2022.
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.