66 Wellington St W, Suite 5300, TD Bank Twr, Toronto, ON
Year called to bar: 1993 (ON)
Practises exclusively in bankruptcy, insolvency and restructuring matters. Extensive experience advising debtors, creditors and court officers in work-out, restructuring, receivership and bankruptcy proceedings in both Canadian and international contexts. Recent matters include lead bankruptcy counsel to Rothmans, Benson & Hedges Inc. in its restructuring proceedings under the Companies’ Creditors Arrangement Act, to the syndicate of senior secured lenders in the cross-border restructuring proceedings of a natural gas and electricity retailer, and to CannTrust Holdings Inc. in its restructuring proceedings under the Companies’ Creditors Arrangement Act. Other recent matters include Canadian restructuring counsel to a car rental company in its global restructuring proceedings implemented under chapter 11 the US Bankruptcy Code, and to US Steel Canada Inc. in its restructuring proceedings under the Companies’ Creditors Arrangement Act and chapter 15 of the US Bankruptcy Code.
On January 10, 2019, a consortium consisting of Air Canada, Toronto-Dominion Bank (“TD”), Canadian Imperial Bank of Commerce (“CIBC”) and Visa Canada Corp. (“Visa”) announced the successful closing of its purchase of Aimia Canada Inc., owner and operator of the Aeroplan Loyalty Business, from Aimia Inc.
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.
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.
On January 22, 2010, Ford Credit Canada Limited (FCCL) completed a retail loan securitization transaction, receiving proceeds of approximately $510 million.
