Ahsan Mirza 

Ahsan Mirza

Toronto
Brookfield Place, Suite 4400
181 Bay Street
Toronto, Ontario M5J 2T3

t: 416.865.7855
e: ahsan.mirza@mcmillan.ca

overview

Ahsan is a Partner in McMillan's Financial Services group. His practice focuses on infrastructure, banking, project finance, secured and syndicated lending projects. He has extensive experience in project development and financing in the transportation, health social infrastructure and renewable energy sectors. He also advises both borrowers and lenders, as well as bond issuers, bond underwriters and private placement investors on a variety of domestic, cross-border and international financing transactions.

Ahsan has been involved in several prominent Canadian project finance and infrastructure transactions. In addition to in-depth knowledge of the Ontario AFP model (Alternative Financing and Procurement), he has gained valuable experience from involvement in major Partnerships BC infrastructure projects as well as municipal PPP projects procured by the cities of Saskatoon, Calgary and Moncton. Ahsan was also a key member of the teams involved in one of the largest PPPs undertaken by the federal Government of Canada and the first PPP project undertaken by the Government of the Northwest Territories. In addition to public infrastructure, Ahsan has acted for several developers in creative structuring and financing solutions for private project development and project financing in the renewable energy sector in Ontario and British Columbia.

Ahsan joined McMillan as a summer student in 2009 and completed his articles in 2011. At law school, Ahsan was the Managing Editor of the Osgoode Hall Law Journal and President of the Muslim Law Students Association.

Representative Matters

  • Finch West LRT (Light Rail Transit) Project – Counsel to bond underwriters and bank lenders on the $2.5 billion project to design, build, finance, operate and maintain a new 11 kilometer dedicated light rail transit extension in Toronto, Ontario
  • OPP Modernization Phase 2 Project – Counsel to bank lenders on this project to design, build and finance nine separate Ontario Provincial Police facilities across Ontario
  • Gordie Howe International Bridge Project – Counsel to bond underwriters and bank lenders in connection with the RFP bid submission by Legacy Link Partners for the over $5 billion project procured by the Windsor-Detroit Bridge Authority (WDBA)
  • CRD Residuals Treatment Facility Project – Counsel to the equity sponsors in the $126.8 million project to design, build, finance, operate and maintain a residuals treatment facility in Saanich, B.C.
  • Hamilton Biosolids Management Project – Counsel to the equity sponsors in the $106 million project to design, build, finance and maintain a biosolids management facility in the City of Hamilton
  • Counsel to CWB Maxium Financial Inc. in connection with the secured project financing of renewable energy projects developed by Community Energy Development Co-operative
  • New Bridge for the St. Lawrence Corridor (Champlain Bridge) Project – Counsel to bond underwriters and bank lenders in the $3.9 billion PPP project for the design, build, financing, operation, maintenance and rehabilitation of an approximately 3.4 km long new bridge across the St. Lawrence river to replace the existing Champlain Bridge
  • North Commuter Parkway Project – Counsel to the equity sponsors (Graham Capital and BBGI SICAV S.A.) in the $264 million project to design, build, finance and maintain a new traffic bridge and related infrastructure in the City of Saskatoon
  • Highway 407 East Phase 2 Project – Counsel to the bond underwriters and bank lenders in the $722 million project to design, build, finance and maintain a 22.1 kilometre easterly extension of the Highway 407 over a period of 30 years
  • City of Moncton Downtown Centre Project – Counsel to the Bird Construction Inc. in the successful financial close of the Moncton Downtown Project
  • Calgary Composting Facility Project – Counsel to the Bird Construction Inc.in the successful financial close of the $143 million PPP project to design, build, finance and operate a composting facility in the City of Calgary
  • Eglinton Crosstown LRT PPP Project – Counsel to Crosstown Transit Partners (consortium consisting of Fengate Capital, OHL Concesiones, STRABAG, Bechtel Developments and Obayashi Canada) in its response to Infrastructure Ontario's RFP for Eglinton LRT
  • Casey House Hospice Redevelopment Project – Counsel to lenders in the $32 million, 58,000-square-foot build-finance PPP project involving renovation of the existing heritage property and the construction of a new facility for the hospice
  • Saskatoon Civic Operations Centre Project – Counsel to equity sponsors (EllisDon Capital Inc. and Fengate Capital Management Inc.) in the $128 million project to design, build, finance and operate a transit and snow management facility for the City of Saskatoon
  • Mackenzie Valley Fibre Link Project – Counsel to lenders in the $82 million project to design, build, finance, operate and maintain a 1,400 kilometre long fibre-optic cable link between High Level, Alberta and Inuvik, Northwest Territories 
  • John Hart Generation Station Replacement Project – Counsel to lenders and bond underwriters in the $1.1 billion project to design, build, finance and maintain the John Hart Generation Station Replacement
  • Counsel to Sun Capital Partners in the acquisition financing of Invensys Appliances and amalgamation of Invensys and Robertshaw Controls Company
  • Counsel to Fengate Capital Management in respect of the development and financing of a 40 MW biomass powerplant in Fort St. James, British Columbia
  • Counsel to Royal Bank of Canada as administrative agent for a syndicate of lenders providing a $35 million syndicated credit facility and as a bilateral lender providing $27 million bilateral loan facility to a North American regional airline
  • Canadian counsel to JPMorgan Chase Bank as administrative agent for a syndicate of lenders providing $350 million credit facilities to an international clothing and fashion retailer
  • Counsel to Potentia Solar Inc. in the development and financing of 33.6MW portfolio of solar generation projects to be located on 311 Toronto District School Board rooftops
  • Canadian counsel to Premier Farnell PLC in respect of the Canadian aspects of a £200 million multicurrency syndicated revolving credit facility and $235 million of five to ten year US Private Placement Notes
  • Counsel to GE Capital as administrative agent for a syndicate of lenders providing $120 million credit facilities to a leading North American wholesale food company
  • Counsel to Fengate Capital Management in connection with a $235 million renewable electricity generation powerplant in Merritt, British Columbia
  • Counsel to equity sponsors in respect of the $830.5 million St. Joseph Healthcare project – a project to design, build, finance and maintain two new mental health care facilities in London and St. Thomas, Ontario
  • Counsel to Potentia Solar Inc. in the $89 million syndicated term loan facility in connection with the acquisition and development of a portfolio of 130 solar rooftop facilities under the Ontario Feed in Tariff (FIT) Program
  • Canadian counsel to GENIVAR Inc. as borrower on a $400 million credit facility and a $225 million bridge facility from Canadian Imperial Bank of Commerce as administrative agent for a syndicate of lenders in connection with its acquisition of WSP Group PLC, a multi-disciplinary professional services consultancy based in London, UK
  • Canadian counsel to Sun Capital Partners, Inc. on the €200 million and $385 million senior secured notes offering by Albéa Beauty Holdings S.A. in connection with its acquisition of Rexam Personal Care, Cosmetic Division
  • Canadian counsel to a syndicate of lenders providing $100 million term loan and $95 million revolving credit facilities to a major North American recycling and reprocessing company
  • Counsel to Comerica Bank on a $40 million credit facility provided to DragonWamanave Inc. in connection with its acquisition of Nokia Siemens Networks' microwave transport business
  • Highway 407 East Extension Phase 1 – Counsel to syndicate of bank lenders and bond underwriters in connection with the RFQ and RFP bid submissions by 407 GreenLink Partners for the $1 billion Highway 407 East extension project (Phase 1)

Presentations

Publications

Performance Bonds: The New Form 32 Under Section 85.1 of the Ontario Construction Act
Performance Bonds: What Project Finance Lenders Should Know
Getting the Deal Through - Banking Regulation 2017
Banking Regulation 2016, Canada chapter
Getting the Deal Through - Banking Regulation 2015, Canada chapter
Ontario Announces Major Plans for the Ontario Electricity Market and Creates Infrastructure Opportunities
Disclosure of Changes to the Board or Senior Management of Federally Regulated Financial Institutions (FRFIs)
OSFI – Draft Residential Mortgage Insurance Guideline – The Impact on Mortgage Lenders
OSFI's Progress on Basel III Implementation: The Liquidity Adequacy Requirements Guideline
Canada Chapter
Bill S-5 (Financial System Review Act) will restore priority of bank act security over unperfected PPSA security interests
The Use of Releases in CCAA Restructuring Proceedings: How Wide is the Net?

News

22 McMillan lawyers recognized in the 2020 IFLR1000 Financial and Corporate Guide
McMillan Lawyers Earn 41 Rankings across 23 Categories in Chambers Canada 2020
McMillan LLP Announces 13 Equity Partner & Partner Promotions
23 McMillan lawyers recognized in 2019 IFLR1000 Financial and Corporate Guide
McMillan lawyers ranked in the 2018 IFLR1000 Financial and Corporate Guide
McMillan lawyers ranked in the 2017 IFLR1000 Financial and Corporate Guide
McMillan lawyers rank well in the 2016 IFLR1000 Financial and Corporate Guide
Financial Services Group contribute chapter to the Getting the Deal Through – Banking Regulation 2015 Edition

Education

  • Osgoode Hall Law School, JD - 2010
  • Carleton University, BA - 2007

Year Of Call

  • Called to the Ontario bar - 2011

Practices

financial services
secured lending and syndicated finance
public-private partnerships
project finance
construction
regulatory compliance
lending syndicates/secured creditors

Industries

banking, finance and insurance
infrastructure
energy

Directorships and Professional Associations

  • Canadian Bar Association
  • Ontario Bar Association

Awards & Rankings

  • Recognized by IFLR1000 Financial and Corporate Guide 2020 as a Rising Star in Banking and Project Finance
  • Recognized by Chambers Canada (2020) as a leading lawyer in the area of Project Finance
  • Recognized by IFLR1000 Financial and Corporate Guide 2019 as a Rising Star in banking and Project Finance
  • Named in IFLR1000 Financial and Corporate Guide 2018 as a rising star in the areas of Banking and Project Finance
vcard

Ahsan is a Partner in McMillan's Financial Services group. His practice focuses on infrastructure, banking, project finance, secured and syndicated lending projects. He has extensive experience in project development and financing in the transportation, health social infrastructure and renewable energy sectors. He also advises both borrowers and lenders, as well as bond issuers, bond underwriters and private placement investors on a variety of domestic, cross-border and international financing transactions.

Ahsan has been involved in several prominent Canadian project finance and infrastructure transactions. In addition to in-depth knowledge of the Ontario AFP model (Alternative Financing and Procurement), he has gained valuable experience from involvement in major Partnerships BC infrastructure projects as well as municipal PPP projects procured by the cities of Saskatoon, Calgary and Moncton. Ahsan was also a key member of the teams involved in one of the largest PPPs undertaken by the federal Government of Canada and the first PPP project undertaken by the Government of the Northwest Territories. In addition to public infrastructure, Ahsan has acted for several developers in creative structuring and financing solutions for private project development and project financing in the renewable energy sector in Ontario and British Columbia.

Ahsan joined McMillan as a summer student in 2009 and completed his articles in 2011. At law school, Ahsan was the Managing Editor of the Osgoode Hall Law Journal and President of the Muslim Law Students Association.

  • Finch West LRT (Light Rail Transit) Project – Counsel to bond underwriters and bank lenders on the $2.5 billion project to design, build, finance, operate and maintain a new 11 kilometer dedicated light rail transit extension in Toronto, Ontario
  • OPP Modernization Phase 2 Project – Counsel to bank lenders on this project to design, build and finance nine separate Ontario Provincial Police facilities across Ontario
  • Gordie Howe International Bridge Project – Counsel to bond underwriters and bank lenders in connection with the RFP bid submission by Legacy Link Partners for the over $5 billion project procured by the Windsor-Detroit Bridge Authority (WDBA)
  • CRD Residuals Treatment Facility Project – Counsel to the equity sponsors in the $126.8 million project to design, build, finance, operate and maintain a residuals treatment facility in Saanich, B.C.
  • Hamilton Biosolids Management Project – Counsel to the equity sponsors in the $106 million project to design, build, finance and maintain a biosolids management facility in the City of Hamilton
  • Counsel to CWB Maxium Financial Inc. in connection with the secured project financing of renewable energy projects developed by Community Energy Development Co-operative
  • New Bridge for the St. Lawrence Corridor (Champlain Bridge) Project – Counsel to bond underwriters and bank lenders in the $3.9 billion PPP project for the design, build, financing, operation, maintenance and rehabilitation of an approximately 3.4 km long new bridge across the St. Lawrence river to replace the existing Champlain Bridge
  • North Commuter Parkway Project – Counsel to the equity sponsors (Graham Capital and BBGI SICAV S.A.) in the $264 million project to design, build, finance and maintain a new traffic bridge and related infrastructure in the City of Saskatoon
  • Highway 407 East Phase 2 Project – Counsel to the bond underwriters and bank lenders in the $722 million project to design, build, finance and maintain a 22.1 kilometre easterly extension of the Highway 407 over a period of 30 years
  • City of Moncton Downtown Centre Project – Counsel to the Bird Construction Inc. in the successful financial close of the Moncton Downtown Project
  • Calgary Composting Facility Project – Counsel to the Bird Construction Inc.in the successful financial close of the $143 million PPP project to design, build, finance and operate a composting facility in the City of Calgary
  • Eglinton Crosstown LRT PPP Project – Counsel to Crosstown Transit Partners (consortium consisting of Fengate Capital, OHL Concesiones, STRABAG, Bechtel Developments and Obayashi Canada) in its response to Infrastructure Ontario's RFP for Eglinton LRT
  • Casey House Hospice Redevelopment Project – Counsel to lenders in the $32 million, 58,000-square-foot build-finance PPP project involving renovation of the existing heritage property and the construction of a new facility for the hospice
  • Saskatoon Civic Operations Centre Project – Counsel to equity sponsors (EllisDon Capital Inc. and Fengate Capital Management Inc.) in the $128 million project to design, build, finance and operate a transit and snow management facility for the City of Saskatoon
  • Mackenzie Valley Fibre Link Project – Counsel to lenders in the $82 million project to design, build, finance, operate and maintain a 1,400 kilometre long fibre-optic cable link between High Level, Alberta and Inuvik, Northwest Territories 
  • John Hart Generation Station Replacement Project – Counsel to lenders and bond underwriters in the $1.1 billion project to design, build, finance and maintain the John Hart Generation Station Replacement
  • Counsel to Sun Capital Partners in the acquisition financing of Invensys Appliances and amalgamation of Invensys and Robertshaw Controls Company
  • Counsel to Fengate Capital Management in respect of the development and financing of a 40 MW biomass powerplant in Fort St. James, British Columbia
  • Counsel to Royal Bank of Canada as administrative agent for a syndicate of lenders providing a $35 million syndicated credit facility and as a bilateral lender providing $27 million bilateral loan facility to a North American regional airline
  • Canadian counsel to JPMorgan Chase Bank as administrative agent for a syndicate of lenders providing $350 million credit facilities to an international clothing and fashion retailer
  • Counsel to Potentia Solar Inc. in the development and financing of 33.6MW portfolio of solar generation projects to be located on 311 Toronto District School Board rooftops
  • Canadian counsel to Premier Farnell PLC in respect of the Canadian aspects of a £200 million multicurrency syndicated revolving credit facility and $235 million of five to ten year US Private Placement Notes
  • Counsel to GE Capital as administrative agent for a syndicate of lenders providing $120 million credit facilities to a leading North American wholesale food company
  • Counsel to Fengate Capital Management in connection with a $235 million renewable electricity generation powerplant in Merritt, British Columbia
  • Counsel to equity sponsors in respect of the $830.5 million St. Joseph Healthcare project – a project to design, build, finance and maintain two new mental health care facilities in London and St. Thomas, Ontario
  • Counsel to Potentia Solar Inc. in the $89 million syndicated term loan facility in connection with the acquisition and development of a portfolio of 130 solar rooftop facilities under the Ontario Feed in Tariff (FIT) Program
  • Canadian counsel to GENIVAR Inc. as borrower on a $400 million credit facility and a $225 million bridge facility from Canadian Imperial Bank of Commerce as administrative agent for a syndicate of lenders in connection with its acquisition of WSP Group PLC, a multi-disciplinary professional services consultancy based in London, UK
  • Canadian counsel to Sun Capital Partners, Inc. on the €200 million and $385 million senior secured notes offering by Albéa Beauty Holdings S.A. in connection with its acquisition of Rexam Personal Care, Cosmetic Division
  • Canadian counsel to a syndicate of lenders providing $100 million term loan and $95 million revolving credit facilities to a major North American recycling and reprocessing company
  • Counsel to Comerica Bank on a $40 million credit facility provided to DragonWamanave Inc. in connection with its acquisition of Nokia Siemens Networks' microwave transport business
  • Highway 407 East Extension Phase 1 – Counsel to syndicate of bank lenders and bond underwriters in connection with the RFQ and RFP bid submissions by 407 GreenLink Partners for the $1 billion Highway 407 East extension project (Phase 1)

May 2019
Public-Private Partnerships in Canada: Law Policy and Value for Money

Contributing Author, Book, published by LexisNexis

February 2019
Performance Bonds: What Project Finance Lenders Should Know

Financial Services Bulletin

June 2017
Getting the Deal Through - Banking Regulation 2017

Law Business Research

2016
Banking Regulation 2016, Canada chapter

Getting the Deal Through

2014
Canada Chapter
Getting the Deal Through - Banking Regulation 2014
Reproduced with permission from Law Business Research Ltd. This article was first published in Getting the Deal Through – Banking Regulation 2014, (published in April 2014; contributing editor: David E Shapiro of Wachtell, Lipton, Rosen & Katz )
For further information please visit
www.GettingTheDealThrough.com
February 2011
The Use of Releases in CCAA Restructuring Proceedings: How Wide is the Net?
Co-Authored: Adam C. Maerov, Tushara Weerasooriya and Ahsan Mirza
Developments in Insolvency and Restructuring Law and Practice Over the Past Year and Emerging Trends, Ontario Bar Association
December 5, 2017
P3 Litigation: Tackling and Resolving Disputes
OBA Construction Law Program, Toronto, Ontario