Calculator, pen and business balance
Calculator, pen and business balance
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Syndicated finance and secured loans are frequent sources of new capital for corporations in North America. To reduce risk and improve profits, borrowers and lenders alike require expert advice from financial services lawyers who understand what degree of risk lenders and borrowers are willing to accept, in any given market environment. McMillan’s Financial Services Group has this type of expert insight into the dynamics of today’s financial markets. We represent both lenders and borrowers in a variety of secured lending transactions, including bi-lateral lending, syndicated lending, asset-based lending, subordinated debt financings, acquisition financings and debtor-in-possession financings.

McMillan’s diverse experience in domestic, cross-border and multi-jurisdictional financing transactions gives us deep domain expertise across the syndicated lending sector. We advise clients on structuring, documenting and implementing sophisticated financing arrangements tailored to reflect the unique objectives of each transaction. On the lender side, we work with major Canadian and international commercial banks, institutional investors and other financial institutions. And on the borrower side, we assist corporations, private equity groups, sponsors and funds.

For all secured lending transactions that we help facilitate, our focus is on understanding your objectives and delivering creative, practical solutions throughout the process. Our experience in asset finance and secured lending is complemented by expertise in workouts, bankruptcy, asset liquidation and, if necessary, litigation.

McMillan secured lending professionals helps clients by:

  • Structuring investment grade syndicated and bilateral lending facilities
  • Structuring second lien facilities and mezzanine facilities
  • Structuring asset-based lending facilities
  • Drafting terms sheets, and loan and security documentation
  • Negotiating terms between arrangers and borrowers
  • Performing due diligence and perfecting liens
  • Advising on private placement financings
  • Advising on relevant regulatory and compliance issues
  • Designing and implementing bridge facilities, both to bridge equity issuances and bond issuances
  • Advising on restructurings and workouts

Deals and Cases

INSIGHTS (12 Posts)

Featured Insight

SOFR Fundamentals: What We Know SO-FAR

SOFR is the preferred USD alternative RFR to LIBOR. We discuss what SOFR is, the types of SOFR, conventions for SOFR, and using SOFR in loan agreements.

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Jul 21, 2021
Featured Insight

Reverse Vesting Orders – A Powerful Tool for Maximizing Recovery in Complex Insolvencies

How reverse vesting orders (RVOs) offer another tool for realizing value for stakeholders in Companies' Creditors Arrangement Act (CCAA) proceedings.

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May 19, 2021
Featured Insight

Commercial Leases During the COVID-19 Lockdown: Where are we Headed?

Ontario has also passed legislation to protect commercial tenants.

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May 17, 2021
Featured Insight

Asking Lenders for Time to Deal with COVID-19 Problems

Guide for borrowers to discussing loan defaults and additional credit support with lenders.

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Mar 31, 2020
Featured Insight

Supreme Court of Canada Grants Leave to Appeal in “Canada North” CCAA Priming Charges vs. Payroll Deductions Case

Canada North, CCAA, payroll deductions, deemed trust, priority, Companies' Creditors Arrangement Act, Supreme
Court of Canada

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Mar 27, 2020
Featured Insight

Your Halloween Edition: The Ghost of the Terminated GST/HST Deemed Trust

Your Halloween Edition: The Ghost of the Terminated GST/HST Deemed Trust

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Nov 2, 2017
Featured Insight

Does the MAC Have Your Back? The Use of Material Adverse Change Clauses in Canadian Loan Agreements

Does the Mac Have Your Back? The Use of Material Adverse Change Clauses in Canadian Loan Agreements

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Feb 16, 2017
Featured Insight

CSA Proposes New Disclosure Requirement for Exchange Traded Funds

CSA Proposes New Disclosure Requirement for Exchange Traded Funds

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Jun 29, 2015
Featured Insight

The Federal Budget: What Financial Institutions Need to Know

The Federal Budget: What Financial Institutions Need to Know

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May 9, 2015
Featured Insight

Voluntary Delisting and Deference: TSX Proposes Changes to the Company Manual

Voluntary Delisting and Deference: TSX Proposes Changes to the Company Manual

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Jan 26, 2015
Featured Insight

IIROC Issues Final Guidance on Underwriting Due Diligence

IIROC Issues Final Guidance on Underwriting Due Diligence

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Jan 21, 2015