Pierre Côté  

Partner

Executive Summary

Pierre Côté specialises in banking law and finance. His practice entails representing banks and other financial institutions, captive finance companies and borrowers in both secured and unsecured credit operations.

Representative Work

  • Pierre advises lenders and borrowers with respect to corporate, real estate, project and asset-based financings and in the areas of lease, leasing and structured finance.
  • He advises parties to multi-bank syndicated credit facilities and with respect to the structuring of cross-border transactions.
  • He advises clients on acquisition and leverage financing.
  • He advises lenders and borrowers experiencing business difficulties with respect to loan restructurings.

Recent Mandates

  • Represented HSBC Bank Canada and a syndicate of lenders with respect to the $193-million financing to Englobe Corp. in the context of its acquisition of LVM Inc., a subsidiary of Dessau.
  • Represented Bank of Montreal and a lending syndicate with respect to the $100-million ABL financing to Groupe Colabor Inc.
  • Assisted Northpoint Commercial Finance in establishing its Canadian floor-planning operations
  • Represented the Bank of Nova Scotia and a lending syndicate with respect to the $175-million financing to The CSL Group Inc., secured by a fleet of ships.
  • Represented the Bank of Montreal and a lending syndicate in the $150-million financing of the purchase by Morgan Stanley of Access Cash General Partnership.
  • Acted for CNH Capital Canada Ltd. with respect to its Canadian wholesale and retail securitisation programs.
  • Acted for Ernst & Young Inc. as advisor to the investment committee formed to oversee the restructuring of the $35-billion third-party asset-backed commercial paper market in Canada.
  • Represented the Bank of Nova Scotia with respect to extending unsecured credit facilities of $115-million to a tobacco manufacturer.
  • Acted for HSBC Bank Canada with respect to providing a $40-million asset-backed facility to a Montréal-based clothing manufacturer.
  • Represented Caisse Desjardins with respect to a $50-million senior secured club deal term loan in a cross-border management buy-out.

Publications & Presentations

  • Pierre has participated, as chair or as a speaker, in many conferences and seminars on financing, in particular:
    • "Impact pratique du Projet de Loi 28 sur la prise de sûretés au Québec," Open Forum, June 8, 2016.
    • Organizer of the 1st Symposium of the BLG Financial Services Group in September 2015.
    • "Relevant Aspects of Cross-Border Financing (Mexico/Canada)," The Canadian Institute, January 2015.
    • Les engagements financiers dans une convention de crédit: pratiques actuelles," The Canadian Institute, January 2012.
    • "Financement mezzanine," The Canadian Institute, September 2010.
    • "ABL in Québec: What's New or Different," Insight (Toronto), May 2010.
    • "Financement mezzanine," The Canadian Institute, July 2009.
    • "Sûretés sur équipement et matériel de transport et titrisation de créances garanties par équipement," The Canadian Institute, January 2005.
    • "Sûretés sur les valeurs mobilières," The Canadian Institute, January 2004.
    • "Techniques de financement hors bilan," The Canadian Institute, June 2000.

Rankings & Recognitions

  • Pierre was selected by his peers for inclusion in the 2018 edition (and since 2014) of The Best Lawyers in Canada® (Banking and Finance Law).
  • Recognized in the 2017, 2016, 2015 and 2013 editions of The Canadian Legal Lexpert® Directory (Asset Equipment Finance/Leasing).
  • Rated "BV"® with the mention "Distinguished" by his peers in Martindale-Hubbell®.