Paul J. Avis 

Co-Chair, Financial Services
Toronto  t: 416.865.7006  |  e: paul.avis@mcmillan.ca

Paul J. Avis

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

t: 416.865.7006
e: paul.avis@mcmillan.ca

overview

Paul is a senior partner and Co-Chair of the Financial Services Group.

Paul has extensive experience in banking, finance, debt restructuring and real estate. He routinely counsels and represents Canadian and foreign financial institutions on the structuring and implementation of domestic and international financing transactions. Paul's work experience encompasses all areas of debt financing, including syndicated loans, asset based lending, real estate project and portfolio financing, receivables financing, subordinated debt and mezzanine loans and debtor in possession financing. Paul advises and acts for financial institutions in the development and maintenance of standard loan and security documentation. His practice also includes acting on loan portfolio acquisitions and divestitures for institutional and other clients.

Representative Matters

  • Leading a $425 mm senior syndicated loan facility to a public real estate investment trust in conjunction with a concurrent $200,000,00 private placement of debentures and warrants 
  • Leading a $310 mm senior syndicated insured construction loan financing to a condominium hotel project
  • Leading a $400 mm senior syndicated cross border debt financing to a public company
  • Acting on a $90 mm asset based loan financing in conjunction with a concurrent $70 mm second lien loan
  • Leading a $750 mm senior syndicated debt financing to finance a takeover bid for a publicly traded real estate investment trust
  • Leading a $545 mm senior syndicated debt financing to a financial services income trust specializing in mortgage loan origination, securitization and administration
  • Leading a $525 mm senior syndicated Canadian debt financing and acting as Canadian counsel on a concurrent US$200 mm syndicated term loan financing to a Canadian based international company
  • Counsel to the lender on margined securities debt facilities secured by publicly traded and private entities
  • Counsel to the agent in connection with a $400 mm senior syndicated facility to a leading Canadian food processing company
  • Counsel to the agent in major syndicated condominium project financings

News

22 McMillan Lawyers Recognized in the 2020 Legal 500: Canada Directory
McMillan Lawyers Earn 41 Rankings across 23 Categories in Chambers Canada 2020
71 McMillan Lawyers Named in the 2020 Edition of Best Lawyers in Canada
60 McMillan Lawyers Recognized in the 2019 Canadian Legal Lexpert Directory
McMillan lawyers are well represented in the 2019 edition of Chambers Canada
65 McMillan Lawyers Named in the 2019 Edition of Best Lawyers in Canada
McMillan lawyers well-represented in the 2018 Canadian Legal Lexpert Directory
McMillan lawyers are well represented in the 2018 edition of Chambers Canada
Margaret McNee recognized as Mutual Funds Lawyer of the Year, along with 58 McMillan Lawyers in the 2018 Best Lawyers in Canada Report
McMillan lawyers well-represented in the 2017 Canadian Legal Lexpert Directory
McMillan lawyers are well represented in the 2017 edition of Chambers Canada
61 McMillan lawyers recognized in The Best Lawyers in Canada 2017
McMillan Lawyers featured in the Lexpert 2016 Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada
McMillan lawyers well-represented in the 2016 Canadian Legal Lexpert Directory
McMillan lawyers are well represented in inaugural edition of Chambers Canada
60 McMillan lawyers recognized in the 10th Edition of The Best Lawyers in Canada
McMillan lawyers are well represented in the 2015 Canadian Legal Lexpert Directory
McMillan lawyers recognized in the 2015 Best Lawyers in Canada
McMillan lawyers are well represented in the 2014 Canadian Legal Lexpert Directory
Canadian Legal Lexpert Directory 2013 Recognizes 44 McMillan Leading Practitioners
Canadian Legal Lexpert Directory 2012 Recognizes 39 McMillan Leading Practitioners

Education

  • Osgoode Hall Law School, LLB - 1979

Year Of Call

  • Called to the Ontario bar - 1981

Practices

financial services

Industries

banking, finance and insurance

Directorships and Professional Associations

  • Canadian Bar Association

Awards & Rankings

  • Listed in the Legal500 Canada 2020 as a “Recommended Lawyer” – Banking and Finance
  • Recognized by Chambers Canada (2020) as a leading lawyer in the area of Banking and Finance Law  
  • Recognized by Best Lawyers in Canada (2020) as a leading lawyer in the areas of Asset-Based Lending and Banking & Finance Law
  • Recognized in the 2019 Canadian Legal Lexpert Directory as a Consistently Recommended lawyer in the area of Banking & Financial Institutions and a Repeatedly Recommended lawyer in the areas of Asset-Based Lending, Project Finance, and Property Development
  • Recognized by Chambers Canada 2019 as a leader in Banking & Finance 
  • Recognized by Best Lawyers in Canada (2019) as a leading lawyer in the areas of Asset-Based Lending and Banking & Finance Law
  • Recognized in the 2018 Canadian Legal Lexpert Directory as a Consistently Recommended lawyer in the area of Banking & Financial Institutions
  • Recognized in Chambers Canada 2018 as a leading lawyers in the area of Banking and Finance
  • Recognized in Best Lawyers in Canada 2018 as a leading lawyers in the area of Banking and Finance
  • Repeatedly recommended, Banking & Financial Institutions, in the 2017 Canadian Legal Lexpert Directory
  • Recognized in Best Lawyers in Canada 2017 as a leading lawyers in the area of Banking and Finance
  • Recognized in Chambers Canada 2017 as a leading lawyer in the area of Banking and Finance
  • Recognized in the 2016 Canadian Legal Lexpert Directory as a leading lawyer in the areas of Asset-Based Lending, Banking & Financial Institutions and Property Development
  • Recognized in the 2016 Lexpert Guide to the Leading US/Canada Cross-Border Corporate Lawyers in Canada in the area of Banking & Financial Institutions
vcard

Paul is a senior partner and Co-Chair of the Financial Services Group.

Paul has extensive experience in banking, finance, debt restructuring and real estate. He routinely counsels and represents Canadian and foreign financial institutions on the structuring and implementation of domestic and international financing transactions. Paul's work experience encompasses all areas of debt financing, including syndicated loans, asset based lending, real estate project and portfolio financing, receivables financing, subordinated debt and mezzanine loans and debtor in possession financing. Paul advises and acts for financial institutions in the development and maintenance of standard loan and security documentation. His practice also includes acting on loan portfolio acquisitions and divestitures for institutional and other clients.

  • Leading a $425 mm senior syndicated loan facility to a public real estate investment trust in conjunction with a concurrent $200,000,00 private placement of debentures and warrants 
  • Leading a $310 mm senior syndicated insured construction loan financing to a condominium hotel project
  • Leading a $400 mm senior syndicated cross border debt financing to a public company
  • Acting on a $90 mm asset based loan financing in conjunction with a concurrent $70 mm second lien loan
  • Leading a $750 mm senior syndicated debt financing to finance a takeover bid for a publicly traded real estate investment trust
  • Leading a $545 mm senior syndicated debt financing to a financial services income trust specializing in mortgage loan origination, securitization and administration
  • Leading a $525 mm senior syndicated Canadian debt financing and acting as Canadian counsel on a concurrent US$200 mm syndicated term loan financing to a Canadian based international company
  • Counsel to the lender on margined securities debt facilities secured by publicly traded and private entities
  • Counsel to the agent in connection with a $400 mm senior syndicated facility to a leading Canadian food processing company
  • Counsel to the agent in major syndicated condominium project financings