Alex Ricchetti

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Alex Ricchetti is a highly respected financial services lawyer with expertise in commercial debt financing, syndicated lending and acquisition financing. He also has significant proficiency in public-private partnerships (P3), asset-based lending, project financing and securitizations. Alex acts for clients in domestic, cross-border and multi-jurisdictional financings.

Alex represents borrowers and lenders, including routinely acting for major Canadian banks, foreign banks, private equity firms, and domestic and international corporations. A gifted financial services lawyer, he provides traditional and non-traditional lenders with creative structuring and financing solutions for renewable energy projects.

Drawing on his broad experience, he advises on secured and unsecured lending, asset-based lending, acquisition finance, derivative and structured transactions, securitizations, syndicated lending and debtor-in-possession (DIP) financing.

Alex is a co-author of the Canadian chapter of the Global Legal Group’s Banking Regulation (2023) book.

Expertise

Industries

Practices

Financial Services

Representative Matters

Counsel to VanCity Community Investment Bank (VCIB) in connection with the project financing provided to Noventa Energy Partners for the development of the $42.9 million energy transfer project to be constructed at Toronto Western Hospital, part of the University Health Network (UHN).
Counsel to the Bank of Canada, Canada’s central bank, in connection with the amendment and/or establishment and implementation of the Bank’s Emergency Lending Assistance facility and the Standing Term Liquidity Facility, which facilities provide for liquidity to financial institutions in Canada in specified circumstances
Counsel to the design-build joint venture in connection with the successful closing of the $4.6 billion project financing transaction to design, build, finance, operate and maintain the Hurontario LRT Project in Ontario
Counsel to Bellwyck Packaging Inc. in connections with its credit facilities provided by a syndicate of lenders, with Bank of Montreal as agent
Counsel to Shawcor Ltd. in connection with its US$500 million credit facilities provided by a syndicate of lenders, which facilities are guaranteed by subsidiaries in over 15 countries
Restructuring of Essar Steel Algoma Inc. under the Companies’ Creditors Arrangement Act and the sale of substantially all of its assets to Algoma Steel Inc. – Lead counsel to the ABL Lenders with respect to the US$250 million revolving ABL facility and Canadian counsel to the Term Agent with respect to the US$285 million term loan facility, in each case, provided to Algoma Steel Inc.
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
Counsel to the lender in connection with $128.4 million project financing transaction to design, build and finance the Regional Express Rail – Cooksville GO Station

News

Rankings & Recognition

Recognized by Best Lawyers in Canada (2024) as a “One to Watch” in the area of Banking and Finance Law
Recognized by Best Lawyers in Canada (2023) as a ‘One to Watch’ in the area of Banking and Finance Law
Law Society of Upper Canada Prize, Western University, Faculty to Law

Education & Admissions

2017

Called to the Ontario bar

2016

JD (cum laude)Western University

2012

B.Sc. (Honours)University of Guelph

Publications

“Banking Regulation 2023, Tenth Edition, Canada,” Global Legal Group (March 2023)
“Banking Regulation 2022, Ninth Edition, Canada“, Global Legal Group (March 2022)
“Banking Regulation 2021 | Canada,” Global Legal Insights (May 2020)

Insights (5 Posts)View More

Cash is King – Taking Control over Cash Collateral

In secured lending transactions, a debtor's cash may form part of the lender's general security or may be deposited with a financial institution to support certain contingent obligations (such as outstanding letter of credits)

Jan 18, 2022

Blocked Account Agreements in Canada – Back to Basics

A BAA is useful for lenders relying on cash collateral in secured lending transactions. We discuss the nature and function of BAAs in the common law provinces.

Aug 31, 2021

The Cessation of the 6-month and 12-month CDOR Tenors

Refinitiv announced that the calculation and publication of the 6-month and 12-month tenors of CDOR would cease indefinitely effective as of May 17, 2021.

Dec 17, 2020

Banking Regulation 2019

Banks in Canada have been continuously recognized as amongst the soundest and safest across the globe.

Mar 28, 2019

New record-keeping requirements for Ontario corporations

Nov 22, 2016

Deals & Cases (13 Posts)

Canada Infrastructure Bank’s $100 Million Financing to IonicBlue for Energy Eficiency Projects Across Canada

IonicBlue CleanEnergy Inc., a wholly owned subsidiary of IonicBlue, closed on a $100 million credit facility with the Canada Infrastructure Bank.

Mar 31, 2023

Canada Infrastructure Bank Commits $25 Million to Modern Niagara’s Large Scale Commercial Retrofit

McMillan LLP acted as counsel to the Canada Infrastructure Bank (“CIB”) on its financing to the Modern Niagara Group (“Modern Niagara”), as part of the Building Retrofits Initiative (BRI).

Mar 28, 2023

Canada Infrastructure Bank Invests in Avenue Living Asset Management Building Retrofits

McMillan LLP acted as counsel to the Canada Infrastructure Bank (“CIB”) on its financing to Avenue Living Asset Management, as part of the Building Retrofits Initiative (BRI).

Mar 24, 2023

Canada Infrastructure Bank Commits $46.5 Million Towards Building Retrofits at the Fairmont Royal York Hotel

McMillan LLP acted as counsel to the Canada Infrastructure Bank (“CIB”) on its financing to KingSett Capital (“KingSett”), as part of the Building Retrofits Initiative (BRI).

Feb 28, 2023

Converge Technology Solutions Corp. Announces $500 Million Global Revolving Credit Facility

McMillan acted as lead counsel for the joint lead arrangers and JPMorgan Chase Bank, N.A., Toronto Branch, as administrative agent, in connection with this cross-border multi-jurisdictional transaction.

Jul 28, 2022

Canada Infrastructure Bank invests $136.6 Million Towards Energy Efficiency Retrofits in Dream’s Properties

The Canada Infrastructure Bank (“CIB”) reached financial close on the $136 million financing to DREAM UNLIMITED CORP.

Mar 31, 2022

Vancity Community Investment Bank Commits $32.5 Million Refinancing for Niagara Region Wind Farm

On November 17, 2021, VanCity Community Investment Bank reached financial close on a $32.5 million refinancing to Six Nations of the Grand River Development Corporation...

Nov 17, 2021

Vancity Commits $38 Million Towards Toronto Western Hospital Wastewater Energy Transfer Project

On October 21, 2021, Vancity Community Investment Bank and Canada Infrastructure Bank reached financial close on a $38 million project financing to Noventa Energy Partners for the development of the world’s largest raw wastewater energy transfer system at Toronto Western Hospital...

Oct 21, 2021

Phase I of the Burnaby Hospital Redevelopment Project Has Reached Financial Close

On June 29, 2021, the Fraser Health Authority announced the financial close of the $1.4 billion Phase 1 Redevelopment Project of the Burnaby Hospital, provided by the Bank of Nova Scotia.

Jun 29, 2021

Hurontario LRT

On October 21, 2019, the Mobilinx consortium reached financial close of the CAD$4.6 Billion DBFOM contract with Infrastructure Ontario (“IO”) and Metrolinx for the Hurontario Light Rail Transit (“LRT”) Project in Ontario.

Oct 21, 2019

Orléans Health Hub Project Reaches Financial Close

On August 6, 2019, Infrastructure Ontario (IO) and Hôpital Montfort reached financial close on the Orléans Health Hub project, with the hospital awarding a $59.7 million fixed-price contract to EllisDon Infrastructure Healthcare to build and finance the facility.

Aug 6, 2019

Hansen Technologies Limited Acquires Sigma Systems for C$152.5 million

Sigma Systems, a company majority owned by Birch Hill Equity Partners Management since 2015, was acquired by Hansen Technologies Limited. McMillan LLP acted as lead counsel to Hansen with a team lead by JR Beaudrie

May 31, 2019

Ottawa’s Trillium Line South Extension

On March 29, 2019, the City of Ottawa and TransitNEXT reached financial close on the Stage 2 Trillium Line south extension, a key component of Ottawa’s C$2.366 billion Stage 2 LRT project.

Mar 29, 2019