333 Bay St, Suite 2400, Bay Adelaide Ctr, Box 20, Toronto, ON
Year called to bar: 2002
Dave co-leads Fasken’s National Banking and Finance Group and co-chairs one of the Firm’s longest (more than 150 years) marquee client relationships. Dave has practised exclusively in the area of banking and finance for over 20 years, representing lenders and borrowers in connection with complex corporate and commercial debt financings in Canada and abroad. He has extensive experience leading transactions within a broad range of industries and is particularly active in leveraged finance with a focus on private equity sponsored acquisition financings and capital call/subscription “fund of funds” financings. Dave’s clients trust him to negotiate and execute their most critical matters – from modestly sized commercial credits to some of the largest corporate financings in Canada – including multi-bank billion dollar financings in favour of two of Canada’s most prominent power and utility conglomerates, a national grocer, one of Canada’s largest telecommunications companies, an international automotive retail group and a global consumer and industrial products enterprise.
Fortis Inc. acquired all of the outstanding shares of UNS Energy Corporation for an aggregate purchase price of approximately US$4.5 billion, including the assumption of approximately US$2 billion of debt. The acquisition was financed by a US$2-billion non-revolving acquisition term credit facilities and a US$1.8 billion offering of convertible subordinated debentures represented by instalment receipts. The offering consisted of a bought deal public offering of approximately US$1.6 billion and a concurrent private placement of approximately US$200 million.
