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Maria Sagan is a highly respected lawyer with a diverse financial services practice focused on banking law and complex financing transactions. She works with major banks, private equity firms, and domestic and international corporations in domestic, cross-border and multijurisdictional financings.

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 as a rising star in the areas of financial services regulatory and banking by the IFLR100 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 the Co-Chair of the Young Professional’s Committee of the Association for Corporate Growth, Toronto Chapter.


Expertise

Practices

Industries


Representative Matters

  • Counsel to a Canadian financial institution in connection with a US$500 million financing to a Canadian real estate company
  • Counsel to a major US financial institution in connection with a US$155 million financing to a Canadian healthcare company
  • Counsel to a major US financial institution in connection with a US$740 million financing of an international healthcare company
  • Counsel to a private equity lender in connection with healthcare financing to two Canadian healthcare companies (total of up to Cdn$106 million)
  • Counsel to a major US financial institution in connection with a Cdn$175 million financing to a Canadian IT corporation
  • Counsel to a major US financial institution in connection with a US$1.2 billion financing to an international chemical production corporation
  • Counsel to a private US lender in connection with a US$100 million acquisition financing of a Canadian media technology company
  • Counsel to a Canadian distribution company in connection with a US$1.1 billion financing by a syndicate of US and Canadian financial institutions
  • Counsel to an international equipment rental company with respect to a US$1.75 billion financing by a syndicate of US and Canadian financial institutions
  • Counsel to a major Canadian pharmaceutical company with respect to a EUR 210 million financing by a syndicate of European and Canadian financial institutions

News


Rankings & Recognition

  • 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
  • The Fasken Martineau DuMoulin LLP Book Prize in Securities Regulation, 2010, Osgoode Hall Law School
  • The Gowlings Prize in Securities Regulation, 2010, Osgoode Hall Law School
  • The John S. Proctor Award of Distinction, 2003-2007, York University

Directorships & Affiliations

  • Association for Corporate Growth (ACG), Toronto Chapter, Young Professional’s Committee (2016 – present)
  • Canadian Bar Association
  • Ontario Bar Association
  • Canadian Bar Association
  • Young Leaders in Infrastructure (Member)
  • Women’s Infrastructure Network (Member)

Education & Admissions

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

Publications

  • Banking & Finance Law Review, The Phase-Out of LIBOR: A Primer (August 2020)

Insights by Maria Sagan (6 Posts)

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

Feb 18, 2021

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

The Phase-Out of LIBOR: A Primer

Sep 10, 2019

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

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

Oct 10, 2017

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

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

Feb 16, 2017

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

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

Nov 3, 2015

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

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

Apr 19, 2012

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