Summary

Organizations looking for new growth opportunities often require capital, but navigating the spectrum of borrowing and lending options in the swiftly shifting sands of today’s lending environment can be challenging.  Whether you are a borrower or a lender, BLG’s Financial Services Group’s service-oriented and highly skilled lawyers understand that financings are as varied as the businesses that require them.  Our clients choose us as we are their trusted advisor with the expertise, experience and commitment to shape and implement each particular lending transaction to meet their needs.  We pride ourselves on our responsiveness and we are committed to helping you achieve the best possible results.

We can assist you with a variety of financing services, including:

  • secured and unsecured syndicated, bilateral, corporate, commercial and real estate loans;
  • special purpose loans, such as project finance, asset-based loans, acquisition financing, infrastructure financing, PPP financing, structured finance and mortgage loans;
  • multinational cross-border financing transactions;
  • interim financing (“DIP” loans) in connection with insolvencies and restructurings; and
  • trade finance.

BLG has extensive experience structuring, negotiating and closing diverse national and multinational lending transactions.  We routinely advise all types of lenders, including all of Canada’s largest banks, many other Schedule I, II and III banks, insurance companies, credit unions, pension funds, trust companies, asset-based lenders, investment funds, debt funds and many leading US and other foreign financial institutions, and all types of borrowers and other obligors.

Publications

    Representative Work

    • Represented the co-leads, Bank of Montreal and CIBC, the agent and a syndicate of lenders in connection with a $2-billion credit facility in favour of BCE Inc. in connection with its proposed acquisition of Astral Media.
    • Represented the co-leads, The Bank of Nova Scotia and The Toronto-Dominion Bank, the agent and a syndicate of lenders in connection with a $1.2-billion credit facility in favour of Agnico-Eagle Mines Limited.
    • Represented the agent, The Toronto-Dominion Bank, the co-leads, Royal Bank of Canada, The Toronto-Dominion Bank, Bank of Montreal, CIBC and The Bank of Nova Scotia, and a syndicate of lenders in a $3.1-billion senior credit facility involving Bell Canada.
    • Represented a syndicate of UK and French senior lenders in a $625-million financing in connection with the DBFM of the Sea-to-Sky Highway from West Vancouver to Whistler with Macquarrie as the lead consortium.
    • Represented the agent for a syndicate of financial institutions including Citibank and The Toronto-Dominion Bank in the $30-billion secured acquisition financing in connection with the failed privatization of BCE Inc.
    • Represented the Agent, The Toronto-Dominion Bank, and a syndicate of Lenders in connection with credit facilities in excess of $300 million involving Innergex Renewable Energy.
    • Represented the agent, The Toronto-Dominion Bank, and a syndicate of lenders in a $2.4-billion senior credit facility involving Rogers Communications Inc.
    • Represented the borrower, a global manufacturer and distributor of office products in a $1-billion acquisition and replacement credit facility.
    • Represented the agent and a syndicate of lenders in the establishment of Intrawest Corporation's $1.75-billion credit facilities.
    • Represented a syndicate of lenders led by PNC Bank as Canadian counsel in connection with a financing of Big Lots Stores.
    • Represented Bear Stearns in connection with Thomson Corp.'s $9-billion acquisition financing of Reuters.
    • Represented the agent, Bear Stearns Corporate Lending Inc., and a syndicate of lenders in Cedar Fair L.P.'s $2.1-billion secured acquisition credit facility.
    • Represented the borrower, Softchoice Corporation, in a $115-million senior secured asset-based credit facility and US$20.5 million subordinate secured term facility.
    • Represented the borrower, Modular Space Corporation, in obtaining acquisition financing and a revolving credit facility.
    • Represented the borrower, Thorold CoGen L.P., and sponsor in a $451.5-million senior project financing and $70-million subordinated project financing for construction of a 265 MW cogeneration facility in Thorold, Ont.
    • Represented the agent, The Bank of Nova Scotia, and a syndicate of lenders in $425-million credit facilities for Cineplex Entertainment Limited Partnership in the establishment of an income fund and later to finance the acquisition of Famous Players Theatres.
    • Represented the borrower, Nortek, Inc., in a US$350-million senior secured ABL credit facility.
    • Represented the borrower, Parrish & Heimbecker, Limited in a large, multi-million-dollar syndicated financing led by CIBC.
    • Represented several borrowers, Northland Power affiliates, in connection with numerous project financings of solar power facilities totaling several hundred million dollars.
    • Represented life insurance companies in connection with several financings of wind farm projects.
    • Represented the agent, The Bank of Nova Scotia, and a syndicate of lenders in a $175-million financing of a shipping company.
    • Represented the agent, The Bank of Nova Scotia, and a syndicate of lenders in Cara Operations Limited's $350-million secured operating facility.
    • Represented the fiscal agent, RBC Dominion Securities Inc., in the City of Toronto's $300-million sinking fund debenture issue.
    • Represented a major US financial institution Europe and a syndicate of lenders in connection with the Canadian portion of a €900-million financing of a medical devices company.
    • Represented the borrower, consisting of four Ontario school boards, in an aggregate amount of over $250-million long-term borrowing as part of the multi-phase Good Places to Learn long-term financing program and long-term financing of other different types of school capital projects through the Ontario Financing Authority coordinated by the Ministry of Education. BLG represented 69 Ontario school boards in connection with these transactions.
    • Represented the borrower, Saint-Ulric/Saint-Léandre Wind L.P., and sponsor, Northland Power Income Fund, in a $236-million senior secured credit facility and $35-million senior subordinated credit facility in connection with the project financing of the Jardin d'Eole wind farm.
    • Represented the lenders, led by CIBC, in an issuance of $175 million of debentures by the City of Ottawa for capital works.

    Rankings & Recognitions

    The Financial Services Group or its members are recognized in:

    • The 2018 edition of The Best Lawyers in Canada®.
    • The 2017 edition ofThe Canadian Legal Lexpert® Directory.
    • The 2017 edition of The Lexpert®/American Lawyer Guide to the Leading 500 Lawyers in Canada.