


Asset Finance & Secured Lending
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
Primary Contacts
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Insights (10 Posts)View More
Later Gator – Canada Seeks Critical Minerals Divestiture from Previous Divestiture Acquirer
The Government of Canada has applied to the courts in order to obtain a divestiture of a critical minerals investment under Canada's national security regime.
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Mar 13, 2025
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Convertible Debentures and SAFEs: Advantages and Disadvantages for Startup Financing
Two common financing methods for start-ups and early-stage companies are convertible debentures and SAFEs. Each one has important advantages and disadvantages.
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Mar 11, 2025
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The Rise of Kirschner Provisions: Where They Come From and What It Means for Lenders in Canada
A deep dive into the Kirschner ruling and its impact on the Canadian syndicated lending market.
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Feb 25, 2025
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Canada Overhauls Sanctions and Anti-Money Laundering Compliance and Penalties and Further Targets Russian Assets
On Monday, the Government of Canada released the 2024 Fall Economic Statement, proposing substantial reforms to the national sanctions and AML regimes.
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Dec 18, 2024
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Alert for Advisers: What Registered Advisers Need to Know About “National Instrument 93-101 – Derivatives: Business Conduct”
NI 93-101 - Derivatives: Business Conduct establishes a comprehensive framework for the conduct of dealers and advisers in the OTC derivatives market.
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Dec 4, 2024
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Towards a Shared Understanding: Canada’s New Sustainable Investment Guidelines & Mandated Climate Disclosures
Canada’s New Sustainable Investment Guidelines (Taxonomy) & Mandated Climate Disclosures
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Nov 4, 2024
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British Columbia’s New Money Judgment Enforcement Act: An Overview
An overview of the new British Columbia Money Judgment Enforcement Act.
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Oct 11, 2024
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RIP CDOR 1986-2024: A Recap of CDOR’s Final Days
On June 28, 2024, CDOR was published for the last time, marking the end of CDOR. The market has adopted CORRA as the Canadian dollar risk-free rate benchmark.
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Aug 13, 2024
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Sanctions Enforcement Rising: Border Seizures and Forfeitures, Administrative Penalties and a New Reporting Obligation for Sanctions Evasion Offences
Changes to Canada’s sanctions regime under Bill C-59 will add reporting requirements for importers/exporters, create AMPs, and grant new CBSA seizure powers.
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Jun 13, 2024
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Goodbye CDOR, Hello CORRA: CDOR’s Final Month and CORRA Loan Trends
CDOR will cease being published after June 28, 2024; CORRA is now used in credit agreements with certain trends developing in its use.
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Jun 11, 2024
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