Davies acted for a group of leading financial institutions in connection with the $1.25-billion refinancing of Air Canada. The group included TD Securities Inc., as representative of the initial purchasers of $200 million of Air Canada’s 4.75% senior secured notes due 2023, and JPMorgan Chase Bank, N.A., as administrative agent and lender under a new US$1.1-billion senior secured credit facility.
The Davies team that worked on this transaction included Richard Cherney, Alain Roberge, Brian Kujavsky, Dan Wolfensohn, Christine Lenis, Mylène Nadeau, Sylvie Samson and Shayna Goldman, in Davies’ Montréal office; and Gabriella Lombardi, Ioana Hancas and Jennifer Prieto in the firm’s Toronto office.
Disclosure Interrupted: CSA Pauses Climate and Diversity Disclosure Rules
Apr. 28, 2025 - The Canadian Securities Administrators (CSA) is pausing its work on climate-related and diversity-related disclosure rules in order “to support Canadian markets and issuers as they adapt to the recent developments in the U.S. and globally. ” Consistent with the CSA’s recent regulatory shift...
Apr. 21, 2025 - Overview Canadian securities regulators recently implemented three blanket orders introducing exemptions intended to reduce friction for capital raising. Key among these improvements is an exemption that eliminates the requirement for a third year of annual financial statements in an...
