66 Wellington St W, Suite 5300, TD Bank Twr, Toronto, ON
Year called to bar: 1990 (ON)
Partner in the Toronto office. Practice focuses on all aspects of acquisition and cross-border financings, including asset-based lending, bilateral and syndicated financings, Term B loans, second line loans, mezzanine financings, and high-yield notes. Represents major Canadian and US banks and other financial institutions. Over 50 percent of his practice involves acquisition financings for private equity sponsored acquisitions. Recent transactions include acting private equity sponsored acquisition financings in the telecom, chemicals, transportation, gaming, technology, and healthcare industries. Last year he represented the syndicate of lenders providing the bank financings for Rogers Communications’ purchase of Shaw. Has a well-established reputation for being pragmatic and getting deals done. He focuses on building long-term relationships with clients. Regular speaker at conferences. Listed in the Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada for Banking. Recommended in Chambers Canada for banking and finance. Admitted to the Ontario Bar in 1990.
Kissner Group Holdings LP (“Kissner”) completed its acquisition of NSC Minerals Ltd. (“NSC”), a market-leading provider of salt products in Western Canada and the North Central United States, from an investor group led by Altas Partners.
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 December 20, 2017, Bank of America, N.A. entered into a senior secured revolving credit facility (the Credit Facility) in the amount of US$1,600,000,000 in favour of Mattel, Inc. (the Company) and certain of its subsidiaries.
On June 30, 2017, Stelco Inc. (Stelco), formerly U.S. Steel Canada Inc., emerged from Companies’ Creditors Arrangements Act (CCAA) proceedings through the implementation of a CCAA plan. This involved the compromise of more than $2 billion of debt and the restructuring of approximately $2 billion of pension and benefit obligations.
On November 18, 2016, Kissner Holdings LP (“Kissner”) and its affiliates completed a cross-border Rule 144A/Regulation S offering of $400 million aggregate principal amount of 8.375 per cent senior secured notes due 2022 and entered into a new cross-border asset-based revolving credit facility.
On December 31, 2015, Centric Health Corporation completed the divestment of its physiotherapy, rehabilitation and medical assessment businesses to an affiliate of Audax Private Equity, a member of the Audax Group, for $245 million plus up to $5 million in contingent consideration.
Kilmer Van Nostrand Co. Limited, Manulife Capital Inc. and BMO Capital Partners, among others, teamed up to acquire the assets and undertaking of English Bay Batter (2014) Ltd. The acquisition, the amount of which was undisclosed, was effected through a newly-formed limited partnership, English Bay Batter L.P.