Maria Sagan Photo
Maria Sagan Photo
Maria Sagan Photo

Maria Sagan is a highly respected financial services lawyer with over ten years of practice experience representing both borrowers and lenders.  Her expertise is in domestic, cross-border and multi-jurisdictional financings, and she routinely acts for major Canadian banks, foreign banks, private equity firms and domestic and international corporations.

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

She has been recognized by the Secured Finance Network’s Top 40 under 40 for her contributions to the secured finance industry, and by the Secured Finance Network’s The Secured Lender as a leading woman in the commercial finance industry for her excellence and dedication to client service. Maria is ranked a rising star in financial services regulatory and banking by the IFLR1000 Financial and Corporate Guide.

Maria served a secondment with the derivatives legal group of a leading Canadian bank, gaining valuable insight into the negotiation of derivatives contracts with international financial institutions.

Maria is currently a member of the Board of Directors of the Association for Corporate Growth, Toronto Chapter and the Co-Chair of its Young Professionals Committee.


Expertise

Industries

Practices


Representative Matters

  • Counsel to a major US bank in connection with a US$2 billion financing to an international chemical manufacturer
  • Acted for a major US bank in connection with a US$1.75 billion financing to an international equipment leasing company
  • Counsel to a major US bank in connection with a US$1.5 billion financing to a multinational agency
  • Advised a major US private equity firm in connection with a $70 million acquisition financing of a Canadian healthcare company
  • Counsel to a major Canadian bank in connection with a US$500 million revolving credit facility to a Canadian-based real estate investment corporation
  • Advised a major US bank in connection with a US$380 million revolving and term credit facility to a Canadian-based construction company
  • Counsel to a US-based manufacturing corporation in connection with a US$1.125 billion syndicated revolving credit facility, term credit facility and note purchase agreement
  • Counsel to an American manufacturing corporation in connection with a US$500 million revolving loan

News


Rankings & Recognition

  • Received the Secured Finance Network’s Top 40 under 40 Award for 2022
  • Recognized by the Secured Finance Network’s The Secured Lender’s Women in Secured Finance issue, April 2022
  • Recognized by IFLR1000 Financial and Corporate Guide 2022as a Rising Star in the areas of Banking and Financial Services Regulatory
  • Recognized by IFLR1000 Financial and Corporate Guide 2021as a Rising Star in the areas of Banking and Financial Services Regulatory
  • Recognized by IFLR1000 Financial and Corporate Guide 2020 as a Rising Star in Financial Services Regulatory and Banking
  • Recognized by IFLR1000 Financial and Corporate Guide 2019 as a Rising Star in Financial Services Regulatory

Directorships & Affiliations

  • Association for Corporate Growth (ACG), Toronto Chapter, Director (2021 – present)
  • Association for Corporate Growth (ACG), Toronto Chapter, Young Professional’s Committee (2016 – present)
  • Canadian Bar Association
  • Ontario Bar Association

Education & Admissions

2011
Called to the Ontario bar
2010
JDOsgoode Hall Law School
2007
Specialized Honours BA (summa cum laude)York University

Publications

Insights (13 Posts)

Featured Insight

The End of LIBOR/The Beginning of SOFR: October 2022 Update

USD LIBOR will end June 30, 2023. We discuss LIBOR discontinuation timelines, recent development with respect to SOFR and approaches to replacing LIBOR.

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Oct 20, 2022
Featured Insight

June 28, 2024 – CDOR will be no more

CDOR to cease being published after June 28, 2024; Term CORRA to be potentially created; market participants need to prepare for end of CDOR now.

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Jun 21, 2022
Featured Insight

The End of LIBOR: January 2022 Update

As of December 31, 2021, most LIBOR tenors ceased; some USD LIBOR tenors to continue until June 30, 2023; some GBP and JPY tenors published on synthetic basis.

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Jan 31, 2022
Featured Insight

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)

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Jan 18, 2022
Featured Insight

Start of a New Term: ARRC Recommends CME Group’s Term SOFR

ARRC formally recommends CME Term SOFR. Term SOFR works similar to LIBOR and is the preferred RFR for business loans.

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Sep 7, 2021
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

LIBOR Newsflash: FCA Announces Dates for Official Cessation and Loss of Representativeness of LIBOR

FCA announces dates for the official cessation and loss of representativeness of LIBOR. Implications for Lenders.

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Mar 10, 2021
Featured Insight

LIBOR Newsflash: Announcement on Official Cessation of LIBOR is Expected Soon

IBA and FCA expected to make announcement about the official cessation of LIBOR. Timelines for ceasing new issuances of LIBOR loans.

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Feb 18, 2021
Featured Insight

The Phase-Out of LIBOR: A Primer

Overview of LIBOR; why it is problematic; alternative benchmark rates; readiness of loan market for transition away from LIBOR; and fall-back language

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Sep 10, 2019
Featured Insight

Proposed PPSA and RSLA Amendments Clarify Debtor Location Rules and Make VINs Paramount for Motor Vehicle Registrations

Proposed PPSA and RSLA Amendments Clarify Debtor Location Rules and Make VINs Paramount for Motor Vehicle Registrations

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Oct 10, 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

Where’s Waldo: New Ontario PPSA Debtor Location Rules Finally Coming into Force

Where's Waldo: New Ontario PPSA Debtor Location Rules Finally Coming into Force

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Nov 3, 2015
Featured Insight

Can I be excused? Canadian regulators publish consultation paper on end-user exemptions in the OTC derivatives market

Can I be excused? Canadian regulators publish consultation paper on end-user exemptions in the OTC derivatives market

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Apr 19, 2012

Deals & Cases (3 Posts)

Featured Insight

Thoma Bravo acquires autoTRADER Corporation for C$1.575 billion

Thoma Bravo acquires autoTRADER Corporation for C$1.575 billion

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Sep 28, 2016
Featured Insight

Thoma Bravo to Acquire TRADER Corporation

Thoma Bravo to Acquire TRADER Corporation

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Jul 1, 2016
Featured Insight

CCL Industries Completes Acquisition of Two Businesses from Avery Dennison

On July 1, 2013, CCL Industries Inc. ("CCL"), a specialty label and packing solution company

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Jul 1, 2013