Steven Marmer is an experienced financial services lawyer with an emphasis on syndicated financings, cross-border and multi-jurisdictional structured financings. He regularly represents Canadian and US banks, private financial institutions and corporations in connection with structuring and negotiating financing transactions. Steven’s experience includes leading investment grade facilities, acquisition financings, cross-border transactions, asset-based loans, first lien/second lien and subordinated debt transactions, major syndicated credit facilities and debt offerings.



Representative Matters

  • Acted for JPMorgan Chase Bank, N.A. as agent to the syndicate of lenders in connection with the $7.9 billion refinancing of debt for a publicly traded health care company obtained through a $3 billion Term Loan B, $500 million revolver and the issuance of $4.4 billion senior secured notes.
  • Acted for Royal Bank of Canada as agent to the syndicate of lenders in connection with a $3.1 billion credit facility for a publicly traded industrial company and a $250 million affiliate sidecar facility.
  • Acted for The Bank of Nova Scotia as agent to the syndicate of lenders in connection with a USD$1.0 billion investment grade credit facility for the subsidiary of the publicly traded insurance company.
  • Acted for Royal Bank of Canada as agent to the syndicate of lenders in connection with a $1 billion credit facility for a publicly traded energy provider.
  • Acted for Bank of Montréal as agent to the syndicate of lenders in connection with a $1 billion credit facility for a publicly traded department store company.
  • Acted for a Canadian bank as agent to the syndicate of lenders in connection with a $1 billion credit facility for a publicly traded automotive retailer company.
  • Acted for a Canadian bank as agent to the syndicate of lenders in connection with a $675 million letter of credit facility in connection with an international acquisition by a Canadian company of an Asian insurance provider.
  • Acted for a US bank as agent to the syndicate of lenders in connection with a USD$600 million credit facility for a steel manufacturer.
  • Acted for a global environmental solutions firm in connection with establishing first lien, second lien and revolver facilities totally USD$550 million.
  • Acted for Paperworks Industries Inc. in connection with their Canadian financings.
  • Acted for a US bank as agent to the syndicate of lenders in connection with a USD$500 million credit facility for a construction and infrastructure provider.
  • Acted for a Canadian automotive company in connection with establishing a $200 million sidecar facility.
  • Acted for the Canadian subsidiary of an international steel manufacturer in connection with establishing an asset-based facility with a Canadian bank.
  • Acted for a US bank as agent to the syndicate of lenders in connection with a $500 million credit facility for a construction and infrastructure provider.
  • Acted for a Canadian mining company in connection with their $250 million syndicated credit facility.
  • Acted for a Canadian bank as agent to the syndicate of lenders in connection with a $250 million credit facility for a home improvement store company.
  • Acted for a number of Canadian and international banks establishing their template CORRA credit agreements.
  • Acted for the ownership team in a successful leveraged buyout of a technology company.
  • Acted for three Canadian banks and over two dozen different borrowers establishing new facilities ranging in size from $2–$20 million.

Media Mentions


Directorships & Affiliations

  • Law Society of Ontario
  • Canadian Bar Association
  • Ontario Bar Association

Education & Admissions

2019
Called to the Ontario Bar
2018
JD (cum laude)University of Ottawa
2015
H.B.A. (summa cum laude)York University

Insights (6 Posts)View More

Featured Insight

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
Featured Insight

Reminder: New Lower Criminal Interest Rate Now in Effect

As of January 1, 2025, the criminal interest rate was reduced to a cap of 35% annual percentage rate (APR).

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Jan 14, 2025
Featured Insight

New Criminal Rate of Interest Comes into Effect January 1, 2025

Commencing January 1, 2025, the criminal rate of interest is changing for certain types of loans.

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Jul 22, 2024
Featured Insight

The Great Rate Escape: Commercial Loans No Longer Criminal

The government of Canada has proposed changes to the criminal code which would exclude commercial and pawn loans from the criminal rate of interest.

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Jan 8, 2024
Featured Insight

Remember, Remember, the 1st of November; Navigating the November 1st Deadline in the CDOR Transition and Term CORRA’s Launch

Navigating the November 1, 2023 Deadline in the CDOR Transition and Term CORRA’s Launch.

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Aug 15, 2023
Featured Insight

Interesting Changes to Interest Rates

For the first time in over 40 years, Canada is making changes to the criminal interest rate.

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Jul 11, 2023