On March 10, 2005, NIF-T, a special purpose trust established in July 2001 to securitize leases originated by Nissan Canada Inc. (previously, Nissan Canada Finance Inc.) (NCI), acquired a pool of Nissan and Infiniti automobile lease receivables from NCI. The transaction was funded by NIF-T's public issuance of $570 million of senior medium term notes, $36.3 million of subordinated medium term notes and the private issuance of approximately $159 million of senior medium term notes. The transaction was led by Scotia Capital Inc.
NIF-T and the underwriting syndicate were represented by Stikeman Elliott LLP with a team that included Michael Carman, Samantha Levy and Tasha Goh (corporate) and Kevin Kelly (tax) in Toronto and Sterling Dietze (corporate) in Montreal.
NCI was represented by McCarthy Tétrault LLP with a team that included François Gilbert and Michael McConnell (corporate) and James Morand and James Warnock (tax) in Toronto.
NIF-T and the underwriting syndicate were represented by Stikeman Elliott LLP with a team that included Michael Carman, Samantha Levy and Tasha Goh (corporate) and Kevin Kelly (tax) in Toronto and Sterling Dietze (corporate) in Montreal.
NCI was represented by McCarthy Tétrault LLP with a team that included François Gilbert and Michael McConnell (corporate) and James Morand and James Warnock (tax) in Toronto.
