100 King St W, Suite 1600, 1 First Cdn Pl, Toronto, ON
Year called to bar: 1999 (ON)
Jason Kroft is a senior lawyer with over two decades of experience and insights servicing his Canadian and international business clients. He is a partner whose practice covers a broad range of advisory and transactional matters in the corporate-commercial law area, with a focus on serving the corporate finance needs of a range of business clients and including financial products, structured finance, energy, commodity and mining products and transactions, public and private asset securitization, banking, and secured finance including project finance, and covering a range of exchange-traded and over-the-counter derivative products. He routinely provides strategic counsel to boards of directors, management, senior staff, and internal counsel on important and diverse transactions. He holds leadership positions at the firm as both co-leader of the structured finance and securitization practice and co-chairman of the ESG and carbon finance practice.
On March 31, 2017, J.C. Flowers & Co. LLC (“J.C. Flowers”) and Värde Partners completed the acquisition of CitiFinancial Canada (now Fairstone Financial Inc. (“Fairstone”)) from an affiliate of Citigroup Inc. (“Citi”).
On June 24, 2015, MBARC Credit Canada Inc. (MBARC), an indirect wholly owned subsidiary of Daimler AG and a direct wholly owned subsidiary of Mercedes-Benz Financial Services Canada Corporation (MBFSC), completed an offering of $424,200,000 of asset-backed notes collateralized by a pool of over 13,500 Canadian retail auto lease contracts and the related new and used vehicles.
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.
Element Financial Corporation acquired the assets and operations of PHH Arval, PHH Corporation's North American fleet management services business, for a purchase price of US$1.4 billion in cash. Element also assumed PHH's obligations under the PHH fleet securitization programs in the US and Canada.
