“An excellent lawyer – for someone who is young, he has a wide range of experience. He is very bright and hard-working.” (Market Commentator – Chambers Global 2016)
Anthony regularly advises clients on project financing transactions, mergers and acquisitions, public-private partnerships and securities offerings.
His clients, including institutional lenders, project sponsors and private equity groups, appreciate Anthony’s practical, results-oriented advice. Although Anthony’s practice is broad in scope, he has built a solid reputation in a number of sectors.
Clients value Anthony’s expertise in the renewable energy industry, in which he acts for lenders in connection with the financing of solar, wind and hydroelectric projects in Canada. In addition, Anthony has considerable experience in the public-private partnership and infrastructure sectors and has successfully represented clients in a number of complex P3 projects.
Xplornet Communications Inc.
Acted for Xplornet Communications Inc. in connection with its U.S. and Canadian private placement of US$230 million in high yield notes, its US$75 million incremental secured term loan, its repurchase and redemption of existing high yield notes and its associated consent solicitation.
Restaurant Brands International Inc.
Acted as Canadian counsel for Restaurant Brands International Inc. in connection with a US$1.50-billion private placement of first lien senior secured notes due 2024 issued by two of its subsidiaries.
BMO Nesbitt Burns Inc. and TD Securities Inc.
Acted for BMO Nesbitt Burns Inc. and TD Securities Inc., as placement agents, and The Toronto-Dominion Bank and Bank of Montréal, as lenders, in connection with the private placement of $400 million aggregate principal amount of 3.310% Fixed Rate Senior Secured Notes due November 30, 2029 by, and the establishment of $33.5 million of credit facilities for, H2O Power Limited Partnership, a joint venture between Public Sector Pension Investment Board and BluEarth Renewables Inc., that owns and operates eight hydroelectric generating facilities in Ontario with a total installed capacity of approximately 142 MW. H2O Power Limited Partnership is the third largest provider of hydroelectric power in Ontario.
Acted as Canadian counsel to Morgan Stanley in connection with a private placement of $1 billion of 3.00% Fixed Rate Senior Notes due 2024 (maple bonds) through an underwriting syndicate led by RBC Dominion Securities Inc.
Plenary Health Vaughan LP
Acted as lead transaction counsel for Plenary Health Vaughan LP in connection with its $1.3-billion fixed-price contract to design, build, finance and maintain the new Mackenzie Vaughan Hospital in Ontario. The Mackenzie Vaughan Hospital will be the first hospital to be built in the city of Vaughan, and the first new hospital to be built in the York Region in the last 30 years. It will also be the first hospital in Canada to feature fully integrated "smart" technology to maximize information exchange.
Birch Hill Equity Partners
Acted for Birch Hill Equity Partners in connection with the sale of control of TSC Stores LP to Peavey Industries LP.
Manulife Financial Corporation
Acted for the Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the long-term operation of 10 ground-mount solar projects located near Temiskaming, West Nipissing and Kingston, Ontario, each of which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.
Acted as Canadian counsel to Aviva plc in connection with an offering of $450 million of 4.50% Tier 3 Notes (Maple Bonds) through an underwriting syndicate consisting of BMO Nesbitt Burns Inc., as lead underwriter, and RBC Dominion Securities Inc., as co-manager. Barclays Bank plc acted as structuring agent to the issuer in connection with the offering.
Etobicoke Healthcare Partnership LP (Axium Infrastructure Inc. and DIF Management Canada Ltd.)
Acted as lead transaction counsel for Etobicoke Healthcare Partnership LP (EHP) in its winning bid for the approximately $330-million design, build, finance, operation and maintenance of the Etobicoke General Hospital Phase 1 Patient Tower Project. Funds managed by Axium Infrastructure Inc. and DIF Management Canada Ltd. are equity sponsors of EHP. Davies role included the negotiation of the project documents with Infrastructure Ontario and William Osler Health System, the design-build documentation with the construction contractor, the operation and maintenance documentation with the service provider and the financing agreements with the lenders, as well as the shareholder arrangements between the equity investors.
Port City Water Partners consortium
Acted for the Port City Water Partners consortium, comprised of Brookfield Financial Corp., Acciona Agua International, S.L. and North America Construction (1993) Ltd., in its winning bid in excess of $200 million for the design, build, finance, operation and maintenance of the City of Saint John Safe Drinking Water project, which is the city's first public-private partnership project. Davies acted as lead transaction counsel for the consortium, including in the negotiation of the project documents with the City of Saint John, the design-build documentation with the design-build contractor, the operation and maintenance documentation with the O&M contractor, and the financing agreements with the lenders, as well as the shareholder arrangements between the equity investors.
Etobicoke Healthcare Partnership LP Awarded Contract for the $330-Million Etobicoke General Hospital Phase 1 Patient Tower Project
May 06, 2016 - Davies acted as lead counsel for Etobicoke Healthcare Partnership LP (EHP) in its winning bid for the approximately $330-million design, build, finance, operation and maintenance of the Etobicoke General Hospital Phase 1 Patient Tower Project. Funds managed by Axium Infrastructure Inc. and DIF...
2016 Canadian Capital Markets Report: Looking Back, Looking Ahead
Mar. 09, 2016 - The past year was a roller coaster of a year for Canadian capital markets, beginning much how it ended – with a devalued Canadian dollar, lower interest rates in Canada and a shift in regional growth from the west to central Canada. Against the background of these market realities, the focus of ...
Port City Water Partners Awarded $200-Million Contract for the City of Saint John Safe Drinking Water Project
Feb. 09, 2016 - Davies acted for the Port City Water Partners consortium, comprising Brookfield Financial Corp., Acciona Agua International, S.L. and North America Construction (1993) Ltd., in its successful bid in excess of $200 million for the design, build, finance, operation and maintenance of the City of...
Davies Honoured at The American Lawyer’s 2015 Global Legal Awards Gala
Sept. 29, 2015 - Last night, at The American Lawyer’s 2015 Global Legal Awards gala in New York City, Davies was honoured for the firm’s role in the acquisition of Tim Hortons Inc. by Burger King Worldwide, Inc. and the creation of Restaurant Brands International, which was recognized as Global M&A Deal of the...
Davies Recognized by The American Lawyer for Global M&A Deal of the Year: Canada
Aug. 27, 2015 - Davies has been honoured by The American Lawyer’s 2015 Global Legal Awards for the firm’s role in Burger King Worldwide, Inc. ’s acquisition of Tim Hortons Inc. and the creation of Restaurant Brands International, which was recognized as Global M&A Deal of the Year: Canada. Successfully navigating...
The Day the Wrappers Died…
June 26, 2015 - September 8, 2015 may go down in history as the “day the wrappers died” – for U.S. broker-dealers who sell foreign securities into Canada on a private placement basis, for the Canadian investors who purchase these securities and for the lawyers who advise them. On June 25, 2015, the Canadian...
Alberta Facilitates Access to Private Placements for Institutional Investors
Nov. 25, 2014 - In a bold and sensible move, on November 20, 2014, the Alberta Securities Commission (ASC) issued a blanket order granting exemptions from Alberta’s securities laws to greatly improve access to securities – in particular, foreign securities – distributed on a private placement basis to institutional...
Ontario to Eliminate Domestic Content in FIT Program
Dec. 12, 2013 - This week, Ontario’s Minister of Energy introduced Bill 153, Complying with International Trade Obligations Act, 2013, which, if passed, would eliminate the statutory requirement for domestic content in Ontario’s Feed-in Tariff (FIT) Program. Ontario’s FIT Program is North America’s first...
CSA Grants Wrapper Relief
Apr. 25, 2013 - After nearly two years before the Ontario Securities Commission (OSC), the long-awaited wrapper relief has finally arrived. On April 23, 2013, the OSC, on behalf of the Canadian Securities Administrators (the CSA), granted exemptive relief to several dealers allowing them to offer foreign...
IESO’s Renewable Integration Amendments
Jan. 29, 2013 - On January 3, 2013, Ontario’s Independent Electricity System Operator (IESO) published amendments to the Market Rules that authorize the IESO to dispatch certain renewable generators in Ontario that are: (i) directly connected to the IESO-controlled grid; or (ii) embedded (i.e., not directly...