66 Wellington St W, Suite 5300, TD Bank Twr, Toronto, ON
Year called to bar: 1991 (ON)
Focuses on lending and secured transactions, with particular emphasis on power, financial services, financial market infrastructure, private equity, and communications industries. Acts for banks, non-bank lenders, and borrowers on domestic, cross-border, and international debt transactions. Recent transactions include acting for lenders to hydroelectric, wind, and solar generation facilities at the operating level, the holding company level, and the super holding company level; acting for central clearing parties and their lenders on liquidity facilities of various types, including syndicated repurchase and reverse repurchase transactions; acting for pension fund-related commercial paper issuers and a financial institution on their backstop liquidity facilities; acting for lenders and borrowers in respect of equity commitment letter-based facilities, capital call facilities, subscription facilities, net asset value facilities, and hybrid facilities for domestic and international private equity funds; and acting for lenders on single-lender and syndicated margin loans secured by significant blocks of public company securities, including in the context of a takeover bid, financing acquisitions of hydroelectric generation projects, and financing in respect of non-operating projects.
On July 20, 2018, TransAlta Corporation (“TransAlta”) completed a $345 million secured bond offering, by way of a private placement for its newly formed limited partnership, TransAlta OCP LP (the “Issuer”), which was secured by, among other things, a first ranking charge over all but a nominal percentage of the equity interests in the Issuer and its general partner, and a first ranking charge over all of the Issuer’s accounts and certain other assets (the “Financing”).
On June 22, 2018, Axium Infrastructure (Axium) and Manulife Financial Corporation (Manulife), through a special-purpose acquisition vehicle Northwestern Hydro Acquisition Co Inc., completed their acquisition of a 35% indirect equity interest in the Northwest British Columbia Hydroelectric Facilities (the Facilities) from AltaGas Ltd. (AltaGas).
On April 1, 2016, Corus Entertainment Inc. acquired the business of Shaw Media Inc. from Shaw Communications Inc. This acquisition more than doubled Corus’ size, creating a combined portfolio of brands that encompass 45 specialty television services, including leading women and lifestyle, kids, family and general entertainment brands; 15 conventional television channels; 39 radio stations; a global content business; book publishing; and a growing portfolio of digital assets.
