100 King St W, Suite 6200, 1 First Cdn Pl, PO Box 50, Toronto, ON
Year called to bar: 1998 (ON)
Rick is a partner in Osler’s Banking and Financial Services Practice Group and the Securitization and Structured Finance Specialty Group. His practice covers many areas of corporate and securities law, with an emphasis on corporate finance, securitizations, private business acquisitions and divestitures, and financial institutions work. Rick has acted for clients on a variety of corporate finance matters including both public offerings and private placements, as well as public and private securitizations, with a particular emphasis on covered bonds and public securitizations. He has also acted on behalf of issuers and underwriters with respect to initial public offerings, new issues and bought deal financings. He also has extensive special products and structured finance experience.
On July 29, 2015, Bank of Montreal completed its domestic public offering of Non-Cumulative Perpetual Class B Preferred Shares, Series 35 (Non-Viability Contingent Capital (NVCC)) (Preferred Shares Series 35).
Pursuant to a €5 Billion Global Covered Bond Programme, on October 22, 2014, La Caisse centrale Desjardins du Québec (CCDQ) completed an offering of an aggregate amount of €1,000,000,000 0.375 per cent covered bonds due October 22, 2019 (the Covered Bonds).
On June 29, 2009, Ford Credit Canada Limited (FCCL) completed a retail loan securitization transaction, receiving proceeds of $0.6 billion. In order to carry out the transaction, Ford Auto Securitization Trust, a newly established master trust sponsored by FCCL, purchased a pool of retail conditional sale contracts from FCCL.
On June 24, 2009, Canadian Road Leasing Company (CRLC), a wholly owned subsidiary of Ford Credit Canada Limited (FCCL), completed a lease securitization transaction, receiving proceeds of US$1.3 billion.
On April 15, 2009, Canadian Road Leasing Company (CRLC), a wholly owned subsidiary of Ford Credit Canada Limited (FCCL), completed a lease securitization transaction, receiving proceeds of $600 million.
Golden Credit Card Trust completed a public offering of $950 million 4.159 per cent credit card receivable-backed senior notes, series 2003-1, and $50 million 5.069 per cent credit card receivable-backed subordinated notes, series 2003-1.