Eric B. Friedman 

Eric B. Friedman

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

t: 416.307.4030
e: eric.friedman@mcmillan.ca

overview

Eric Friedman is a partner in the Financial Services Group in the firm's Toronto office. He has been a partner since 1995.

Eric's lending and corporate/commercial practice involves many aspects of business law, focussing on secured lending but also including, private company mergers and acquisitions, corporate reorganizations and general commercial law matters.

He has a wide variety of local and international clients that include Canadian chartered banks, foreign banks and other financial institutions, international manufacturing companies, agricultural businesses, trucking companies and pharmaceutical businesses, amongst others. Eric also regularly acts as Canadian counsel on cross-border lending transactions.

Representative Matters

Eric Friedman has acted on the following transactions:

  • Acted for Canadian Payments Association (d.b.a. Payments Canada), the organization responsible for Canada’s essential payments systems, in connection with a syndicated credit facility in the principal amount of $250 million as part of the modernization of Canada’s payments ecosystem completed in April, 2017
  • Acted for CCL Industries Inc., a world leader in specialty label and packaging solutions for global corporations, small businesses and consumers, in connection with a US$450 million term credit facility provided by a syndicate of lenders led by Bank of Montreal, completed in February, 2017 
  • Acted for Septodont Holding, Novocol Pharmaceutical of Canada, Inc and other related entities in multiple jurisdictions in connection with credit facilities in the aggregate principal amount of €65 million provided by a syndicate of banks led by Bank of Montreal, completed in February 2017
  • Acted for CCL Industries Inc., a world leader in specialty label and packaging solutions for global corporations, small businesses and consumers, on the private placement offering of US$500 million aggregate principal amount 3.25% notes, completed in September 2016
  • Acted for SEMAFO Inc. in a US$120 million amended and restated credit facility with respect to the construction of a mining project in Burkina Faso
  • Acted for Toronto Port Authority in connection with various credit facilities provided by Bank of Montreal, completed in June 2016
  • Acted for CCL Industries Inc., a world leader in specialty label and packaging solutions for global corporations, small businesses and consumers, in connection with its US$1.2 billion credit facility provided by a syndicate of lenders led by Bank of Montreal, completed in December, 2015 
  • Acted for Richards Packaging Inc., a leading packaging distributor in Canada, in connection with the financing related to its acquisition of Healthmark Services Ltd., completed in October, 2015
  • Acted for Teck Resources Limited in the completion of a US $1.2 billion revolving credit facility provided by a syndicate of lenders in June 2015
  • Acted for SEMAFO Inc. in connection with a US$90 million term loan provided by Macquarie Bank Limited the proceeds of which were used by SEMAFO Inc. to acquire all of the shares of Orbis Gold Limited pursuant to a public offer in Australia, completed in March, 2015 
  • Acted for Teck Resources Limited in connection with its revolving credit facility provided by a syndicate of banks, originally in the principal amount of US$2 billion and subsequently increased to US$3 billion
  • Acted as Canadian counsel for a syndicate of lenders in respect of two separate asset-based credit facilities in favour of separate operating entities in the specialty chemicals and materials business ultimately under the same control, one in the amount of US$400 million, completed in March, 2013, and the other in the amount of US$270 million, completed in April, 2013
  • Acted for ShawCor Ltd. in connection with its US$350 million private placement of unsecured senior notes in the United States, completed in March, 2013.
  • Acted for ShawCor Ltd. in connection with its US$250 million credit facilities provided by a syndicate of lenders with the Toronto-Dominion Bank and HSBC Bank Canada as agents, which facilities are guaranteed by subsidiaries in over 15 countries, completed in March, 2013.
  • Acted for ShawCor Ltd. in connection with its C$135 million acquisition of the remaining 60% of Fineglade Limited not previously owned by it, completed in October, 2012.
  • Acted for Intact Financial Corporation with respect to banking matters relating to its C$530 million acquisition of JEVCO Insurance Company, completed in September, 2012.
  • Acted for Teck Resources Limited in connection with its US$2 billion public debt offering in the United States, completed in July, 2011.
  • Acted for a Canadian chartered bank in connection with term loans totaling C$47.5 million to an Ontario-based publicly-traded company with a subsidiary regulated under the federal Trust and Loan Companies Act.
  • Acted for Richards Packaging Income Fund in its acquisition of The E.J. McKernan Co. for US$30 million in cash and securities convertible into units of the fund.
  • Acted for CCL Industries Inc. in its issuance of an aggregate of US$130 million of senior guaranteed notes to institutional investors in the United States by way of private placement.
  • Acted for Teck Resources Limited in the completion of a private placement offering in the U.S. and Canada of US$4.225 billion in aggregate principal amount of senior secured notes, completed in May 2009

Publications

new collateralisation rules for unlicensed reinsurance
Law Note - PPSA: General Collateral Descriptions
Update on Demand Obligations
Smartphone Etiquette: Where to Draw the Line?
Non-Resident Withholding Tax on Interest – On the Way Out?
Ontario Modernizes its Business Law
Personal Property Security Act (Ontario) Amendments
The Limitations Act, 2002: What Every Lender Needs to Know

News

60 McMillan Lawyers Recognized in the 2019 Canadian Legal Lexpert Directory
23 McMillan lawyers recognized in 2019 IFLR1000 Financial and Corporate Guide
McMillan lawyers well-represented in the 2018 Canadian Legal Lexpert Directory
Margaret McNee recognized as Mutual Funds Lawyer of the Year, along with 58 McMillan Lawyers in the 2018 Best Lawyers in Canada Report
61 McMillan lawyers recognized in The Best Lawyers in Canada 2017
McMillan hosts Ministry of Children and Youth Services Special Announcement on adoption
60 McMillan lawyers recognized in the 10th Edition of The Best Lawyers in Canada
McMillan lawyers recognized in the 2015 Best Lawyers in Canada

Education

  • University of Ottawa, LLB - 1988
  • University of Ottawa, MBA - 1988
  • Princeton University, BA - 1984

Year Of Call

  • Called to the Ontario bar - 1990

Practices

financial services
secured lending and syndicated finance
private equity
negotiated transactions
project finance
venture capital

Industries

banking
service industries

Directorships and Professional Associations

  • Ontario Bar Association, Personal Property Security Law Sub-Committee
  • Canadian Bar Association

Awards & Rankings

  • Recognized in the 2019 Canadian Legal Lexpert Directory as a Repeatedly Recommended lawyer in the area of Banking & Financial Institutions
  • Recognized by IFLR1000 Financial and Corporate Guide 2019 as a Notable Practitioner in Banking
  • Recognized by Best Lawyers in Canada 2019 as a leading lawyer in the area of Banking & Finance Law
  • Recognized in the 2018 Canadian Legal Lexpert Directory as a Repeatedly Recommended lawyer in the area of Banking & Financial Institutions
  • Recognized by Best Lawyers in Canada 2018 as a leading lawyer in the area of Banking and Finance Law
vcard

Eric Friedman is a partner in the Financial Services Group in the firm's Toronto office. He has been a partner since 1995.

Eric's lending and corporate/commercial practice involves many aspects of business law, focussing on secured lending but also including, private company mergers and acquisitions, corporate reorganizations and general commercial law matters.

He has a wide variety of local and international clients that include Canadian chartered banks, foreign banks and other financial institutions, international manufacturing companies, agricultural businesses, trucking companies and pharmaceutical businesses, amongst others. Eric also regularly acts as Canadian counsel on cross-border lending transactions.

Eric Friedman has acted on the following transactions:

  • Acted for Canadian Payments Association (d.b.a. Payments Canada), the organization responsible for Canada’s essential payments systems, in connection with a syndicated credit facility in the principal amount of $250 million as part of the modernization of Canada’s payments ecosystem completed in April, 2017
  • Acted for CCL Industries Inc., a world leader in specialty label and packaging solutions for global corporations, small businesses and consumers, in connection with a US$450 million term credit facility provided by a syndicate of lenders led by Bank of Montreal, completed in February, 2017 
  • Acted for Septodont Holding, Novocol Pharmaceutical of Canada, Inc and other related entities in multiple jurisdictions in connection with credit facilities in the aggregate principal amount of €65 million provided by a syndicate of banks led by Bank of Montreal, completed in February 2017
  • Acted for CCL Industries Inc., a world leader in specialty label and packaging solutions for global corporations, small businesses and consumers, on the private placement offering of US$500 million aggregate principal amount 3.25% notes, completed in September 2016
  • Acted for SEMAFO Inc. in a US$120 million amended and restated credit facility with respect to the construction of a mining project in Burkina Faso
  • Acted for Toronto Port Authority in connection with various credit facilities provided by Bank of Montreal, completed in June 2016
  • Acted for CCL Industries Inc., a world leader in specialty label and packaging solutions for global corporations, small businesses and consumers, in connection with its US$1.2 billion credit facility provided by a syndicate of lenders led by Bank of Montreal, completed in December, 2015 
  • Acted for Richards Packaging Inc., a leading packaging distributor in Canada, in connection with the financing related to its acquisition of Healthmark Services Ltd., completed in October, 2015
  • Acted for Teck Resources Limited in the completion of a US $1.2 billion revolving credit facility provided by a syndicate of lenders in June 2015
  • Acted for SEMAFO Inc. in connection with a US$90 million term loan provided by Macquarie Bank Limited the proceeds of which were used by SEMAFO Inc. to acquire all of the shares of Orbis Gold Limited pursuant to a public offer in Australia, completed in March, 2015 
  • Acted for Teck Resources Limited in connection with its revolving credit facility provided by a syndicate of banks, originally in the principal amount of US$2 billion and subsequently increased to US$3 billion
  • Acted as Canadian counsel for a syndicate of lenders in respect of two separate asset-based credit facilities in favour of separate operating entities in the specialty chemicals and materials business ultimately under the same control, one in the amount of US$400 million, completed in March, 2013, and the other in the amount of US$270 million, completed in April, 2013
  • Acted for ShawCor Ltd. in connection with its US$350 million private placement of unsecured senior notes in the United States, completed in March, 2013.
  • Acted for ShawCor Ltd. in connection with its US$250 million credit facilities provided by a syndicate of lenders with the Toronto-Dominion Bank and HSBC Bank Canada as agents, which facilities are guaranteed by subsidiaries in over 15 countries, completed in March, 2013.
  • Acted for ShawCor Ltd. in connection with its C$135 million acquisition of the remaining 60% of Fineglade Limited not previously owned by it, completed in October, 2012.
  • Acted for Intact Financial Corporation with respect to banking matters relating to its C$530 million acquisition of JEVCO Insurance Company, completed in September, 2012.
  • Acted for Teck Resources Limited in connection with its US$2 billion public debt offering in the United States, completed in July, 2011.
  • Acted for a Canadian chartered bank in connection with term loans totaling C$47.5 million to an Ontario-based publicly-traded company with a subsidiary regulated under the federal Trust and Loan Companies Act.
  • Acted for Richards Packaging Income Fund in its acquisition of The E.J. McKernan Co. for US$30 million in cash and securities convertible into units of the fund.
  • Acted for CCL Industries Inc. in its issuance of an aggregate of US$130 million of senior guaranteed notes to institutional investors in the United States by way of private placement.
  • Acted for Teck Resources Limited in the completion of a private placement offering in the U.S. and Canada of US$4.225 billion in aggregate principal amount of senior secured notes, completed in May 2009
February 2011
new collateralisation rules for unlicensed reinsurance
International Law Office
Winter 2011
Law Note - PPSA: General Collateral Descriptions
InBrief Winter 2011
Summer 2010
Update on Demand Obligations
InBrief Summer 2010
August 2009
Smartphone Etiquette: Where to Draw the Line?
Featured
Author: Milton Kiang
The Lawyers Weekly
Summer 2007
Ontario Modernizes its Business Law
InBrief Summer 2007
May 2004
The Limitations Act, 2002: What Every Lender Needs to Know
Lang Michener InBrief