Meaghan Obee Tower
Meaghan Obee Tower
(416) 869-5274
(416) 947-0866
199 Bay St, Suite 5300, Commerce Court West, Toronto, ON
Year called to bar: 2005 (ON)
Meaghan Obee Tower is a partner in the Banking & Finance, Financial Products & Services, Insurance & Reinsurance, and Restructuring & Insolvency Groups. Her practice focuses on secured and unsecured lending, debt financing, financial services regulation and corporate insolvency/restructuring. In her banking & finance practice, Meaghan has extensive experience as counsel to borrowers, lenders and lending syndicates in private acquisition financings, corporate finance, private equity leveraged acquisition financing, debtor-in-possession lending, asset-based lending and various other types of financing, both domestic and cross-border across a broad spectrum of sectors. Meaghan’s regulatory practice focuses on providing advice to banks, trust companies and the insurance sector on regulation and compliance matters, including in connection with both normal course regulatory compliance such as licensing and reporting, and regulatory matters in connection with extraordinary transactions such as formation, acquisitions and dispositions. Meaghan is a member of the Law Society of Ontario, the Canadian Bar Association and the Ontario Bar Association. Prior to entering the legal profession, Meaghan worked at the Registered Nurses Association of Ontario.
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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 July 31, 2015, NYX Gaming Group Limited (NYX or the Company) together with its wholly-owned subsidiary, NYX Digital Gaming (Canada) ULC (NYX Digital), completed the acquisition of the entire issued share capital of Amaya (Alberta) Inc., formerly Chartwell Technology Inc., and Cryptologic Limited from Amaya Inc. (Amaya) for an initial purchase price consisting of $110 million in cash, subject to customary working capital adjustments, and the issuance to Amaya of $40 million exchangeable preferred shares of NYX Digital. NYX also entered into a preferred supplier licensing agreement with a subsidiary of Amaya to provide certain casino gaming content to Amaya’s real-money casino offering, which will be integrated into the PokerStars and Full Tilt branded casino websites.
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).