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David Thring is an accomplished business lawyer with a financial services practice focused on corporate debt financing and banking. He is consistently recognized for his work in banking law by a number of legal directories.

Acting for Canadian and foreign financial institutions as well as borrowers, David advises on cross-border secured loans, project finance, asset-based lending, securitizations and subordinated debt financing. He also assists private equity and venture capital investors and issuers.

Providing business law advice to domestic and international clients, David provides counsel on commercial and contractual matters, acquisitions and divestitures, governance and restructuring. He works with clients in a range of industries, including manufacturing, technology and health care, and provides counsel to ministries of the Ontario government.



Representative Matters

  • Advised a Canadian nuclear engineering firm on term debt financings in multiple tranches, secured by domestic and foreign assets.
  • Acted as Canadian counsel on behalf of Citibank, N.A., as collateral agent, and the lenders on U.S. $4.3 billion first lien credit facilities provided to Chrysler Group LLC and its subsidiaries and the purchase of U.S. $3.2 billion second lien notes issued by Chrysler Group LLC.
  • Acted as Canadian counsel for a U.S. issuer and its Canadian subsidiary on a cross-border private placement of senior secured notes of US$130.5 million and C$76 million, secured by toll revenues of an international bridge.
  • Advised a foreign bank and a Canadian financial institution on the restructuring of non-bank issuers of asset-backed commercial paper.
  • Has advised government and non-government sponsors on procurement and finance of public infrastructure, including hospitals and bridges.
  • Acted on behalf of a leading Canadian manufacturer on the acquisition and financing of new businesses in Europe, South America, the US, China and Canada.

Speaking Engagements

How To Review A Credit Facility Webinar, Canadian Corporate Counsel Association

May 7, 2015

Legal Issues for Carbon-Trading Agreements Lang Michener Seminar, Greenhouse Gas Emissions – Issues Every User of Real Estate Will Need to Face

June 2, 2010

Public-Private Partnerships – Understanding Benefits and Minimizing Risks 2008 TerraLex North American/South American Regional Meeting, Denver

June 21, 2008

Standardized Procurement Practices and Standardization of PPP Contracts 2004 National Conference of The Canadian Council for Public-Private Partnerships

November 23, 2004

News


Media Mentions

Rakings & Recognition

  • Recognized by the Best Lawyers in Canada (2021) as a leading lawyer in the area of Banking and Finance Law
  • Listed in Who’s Who Legal: Canada 2019 as a leader in Banking
  • Recognized by IFLR1000 Financial and Corporate Guide 2020 as a Notable Practitioner in Banking and Finance
  • Recognized by Best Lawyers in Canada (2020) as a leading lawyer in the area of Banking & Finance Law
  • Recognized by IFLR1000 Financial and Corporate Guide 2019 as a Notable Practitioner in Banking and Finance
  • Listed in Who’s Who Legal Canada: 2018 as a leader in Banking
  • Listed in The Best Lawyers in Canada (2019) as a leader in Banking & Finance Law
  • Listed in The Best Lawyers in Canada (2018) as a leader in Banking & Finance Law
  • Listed in Who’s Who Legal: Canada 2017 as a leading in Banking Law
  • Listed in Who’s Who Legal: Canada 2016 as a leading in Banking Law
  • Listed in Who’s Who Legal: Canada 2015 as a leading in Banking Law
  • Listed in Who’s Who Legal: Canada 2014 as a leading in Banking Law

Community Involvement

  • Member, Capital Redevelopment Committee, The New Women’s College Hospital, Toronto

Directorships & Affiliations

  • Canadian Bar Association, Business Law Section
  • Ontario Bar Association
  • Canadian Council for Public-Private Partnerships
  • Toronto Rehabilitation Institute (past Chair, Board of Directors)

Education & Admissions

1981
Called to the Ontario bar
1979
LLBUniversity of Toronto
1976
BA (Honours), Economics and Political Science University of Western Ontario
2010
Certificate of Achievement in Carbon FinanceUniversity of Toronto

Publications

  • “Financial Incentives for Development of Wind Energy in Ontario,” Lang Michener LLP In Brief (March 2005)

Insights by David E. Thring (3 Posts)

Can the New Crowdfunding Exemption Be Used for Debt Securities?

Jan 6, 2016

Can the New Crowdfunding Exemption Be Used for Debt Securities?

International Payments in RMB

Mar 27, 2015

International Payments in RMB

Crowdfunding – Could it help finance innovation in Canada?

Apr 2, 2012

Crowdfunding – Could it help finance innovation in Canada?