Nicholas C. Williams

Partner

Nicholas C. Williams

Nicholas C. Williams

Partner

Bar Admissions
  • Ontario, 1989

Nick brings the “perfect balance of legal services and a practical approach to resolving commercial and legal issues.” He is considered “very knowledgeable in the industry,” with one client stating that he “understands very well the issues and challenges involved.”
Chambers Global 2016

Nick’s practice focuses on finance, private mergers and acquisitions and energy, with a particular emphasis on project finance, public-private partnerships, infrastructure development, secured lending and structured finance. His experience in numerous project finance, private M&A, public-private partnership and infrastructure transactions extends to many industries, including energy, infrastructure and mining. He also has significant expertise in syndicated lending, having acted for lenders and borrowers on syndicated domestic and multijurisdictional financing transactions.

Clients of various types – including banks, life insurance companies, infrastructure funds, investors, developers and government agencies – rely on Nick for business-minded and insightful advice. As one client says, Nick “is vastly experienced and reputable in the space, and well respected, deservedly so, by lenders and sponsors alike.” (Chambers Global 2015)

Nicholas C. Williams

Partner

Nick brings the “perfect balance of legal services and a practical approach to resolving commercial and legal issues.” He is considered “very knowledgeable in the industry,” with one client stating that he “understands very well the issues and challenges involved.”
Chambers Global 2016

Nick’s practice focuses on finance, private mergers and acquisitions and energy, with a particular emphasis on project finance, public-private partnerships, infrastructure development, secured lending and structured finance. His experience in numerous project finance, private M&A, public-private partnership and infrastructure transactions extends to many industries, including energy, infrastructure and mining. He also has significant expertise in syndicated lending, having acted for lenders and borrowers on syndicated domestic and multijurisdictional financing transactions.

Clients of various types – including banks, life insurance companies, infrastructure funds, investors, developers and government agencies – rely on Nick for business-minded and insightful advice. As one client says, Nick “is vastly experienced and reputable in the space, and well respected, deservedly so, by lenders and sponsors alike.” (Chambers Global 2015)

Stonebridge Financial Corporation

Acted for Stonebridge Financial Corporation in the term financing of two 10 MW operating wind generation projects owned by Musselshell Wind Project LLC in Montana.

Axium Infrastructure Inc.

Acted for Axium Infrastructure Inc. in its acquisition from Mitsubishi Corporation of a 50% interest in a portfolio of nine solar farms located in Ontario.

Axium Infrastructure Inc. and The Manufacturers Life Insurance Company

Acted for Axium Infrastructure Inc. and The Manufacturers Life Insurance Company in a private placement in Canada and the United States of over $1 billion of fixed rate bonds in order to refinance bridge loans used to complete their recent acquisition of AltaGas Ltd.'s remaining 55% interest in three hydroelectric projects in northwest British Columbia.

The Manufacturers Life Insurance Company

Acted for The Manufacturers Life Insurance Company, as (i) senior lender, in the incremental financing for Manulife's sale of Regional Power Inc., owner of the Bear Creek, Long Lake and White River hydroelectric projects; and (ii) project lender in connection with amendments to the existing project financing facilities.

Axium Infrastructure Inc. and The Manufacturers Life Insurance Company

Acted for Axium Infrastructure Inc. and The Manufacturers Life Insurance Company in their joint $1.4-billion acquisition of AltaGas Ltd.'s remaining 55% interest in three hydroelectric projects in northwest British Columbia: the 195 MW Forrest Kerr Hydroelectric Facility, the 66 MW McLymont Creek Hydroelectric Facility and the 16 MW Volcano Creek Hydroelectric Facility.

Axium Infrastructure Inc. and The Manufacturers Life Insurance Company

Acted for (i) Axium Infrastructure Inc. and The Manufacturers Life Insurance Company in their joint $922-million acquisition from AltaGas Ltd. of a 35% interest in three hydroelectric projects in northwest British Columbia: the 195 MW Forrest Kerr Hydroelectric Facility, the 66 MW McLymont Creek Hydroelectric Facility and the 16 MW Volcano Creek Hydroelectric Facility; and (ii) Northwestern Hydro Acquisition Inc. (NWHA), the special purpose acquisition vehicle formed to complete the acquisition, in a subsequent $650 million senior secured bond financing and related letter of credit facility.

Axium Infrastructure Inc.

Acted for Axium Infrastructure Inc. in its $540-million acquisition of TransCanada's Ontario solar portfolio, consisting of eight facilities totalling approximately 105 MW of installed capacity.

PSP Investments

Acted for PSP Investments in its strategic initiatives with Pattern Energy Group Inc., including (i) the acquisition of a 9.9% interest in Pattern Energy; (ii) the joint venture between PSP and Pattern Energy to co-invest in various renewable projects; (iii) the joint acquisition with Pattern Energy of a 51% and 49% interest, respectively, in the 179 MW Meikle wind project in British Columbia and the 143 MW Mont Sainte-Marguerite wind project in Québec; and (iv) the acquisition of 49% of the Class B interests held by Pattern in the Panhandle 2 wind project in Texas.

Manulife Financial Corporation

Acted for the Manufacturers Life Insurance Company in 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.

Independent Electricity System Operator

Acted for the Independent Electricity System Operator in connection with its amended agreement with Bruce Power for the refurbishment of six nuclear units at the Tiverton-based nuclear generation station, the world's largest operating nuclear facility. The amended agreement secures 6,300 megawatts of baseload generating capacity for the province of Ontario and will result in an investment by Bruce Power of approximately $13 billion.

Stonebridge Financial Corporation and Siemens Financial Ltd.

Acted for Stonebridge Financial Corporation and Siemens Financial Ltd. in connection with the financing of an equity investment in two wind projects near Sault Ste. Marie, Ontario.

Manulife Financial Corporation

Acted for the Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the construction and long-term operations of the Aria Solar Project, a 9-MW ground-mount solar project located in Springwater, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Manulife Financial Corporation

Acted for The Manufacturers Life Insurance Company in the financing of a $42.5-million equity investment in the Suncor Energy Adelaide Wind Power Project in Ontario.

Manulife Financial Corporation

Acted for the Manufacturers Life Insurance Company and Caisse de dépôt et placement du Québec in the$197.2-million project financing of the 40.6-MW Big Silver Creek hydroelectric facility in British Columbia.

Stonebridge Financial Corporation

Acted for Stonebridge Financial Corporation in connection with the establishment of a credit facility for Affinity Wind LP to finance the construction and long-term operation of a 13.2-MW wind farm to be located near Truro, Nova Scotia.

Manulife Financial Corporation

Acted for a group of lenders, comprising the Manufacturers Life Insurance Company, the Caisse de Dépôt et placement du Québec and the Canada Life Assurance Company, in connection with the $491.6-million non-recourse construction and term project financing for the Upper Lillooet River and Boulder Creek run-of-river hydroelectric projects owned by Innergex Renewable Energy Inc. and Ledcor Power Group Ltd.

Manulife Financial Corporation

Acted for The Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the construction and long-term operations of the RayLight Solar Project, a 10 MW ground-mount solar project located in Wyebridge, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Manulife Financial Corporation and Sun Life Assurance Company of Canada

Acted for The Manufacturers Life Insurance Company and Sun Life Assurance Company of Canada in connection with the establishment of credit facilities to finance the construction and long-term operation of a 25-MW ground-mount solar project located near Fort Frances, Ontario. The project sponsor is a joint venture between the Rainy River First Nations and certain institutional and other investors. The project had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program, which included an aboriginal price adder as a result of the participation by the Rainy River First Nations.

Plenary Justice Okanagan Limited Partnership

Acted for Plenary Justice Okanagan Limited Partnership, which was awarded the $192.9-million contract by The Ministry of Justice, The B.C. Corrections Branch and the British Columbia Ministry of Technology, Innovation and Citizens' Services to design, build, finance and maintain the 378-cell, high security facility, Okanagan Correctional Centre, located near Oliver, British Columbia.

Manulife Financial Corporation

Acted for The Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the construction and long-term operations of the Mighty Solar Project, a 10 MW ground-mount solar project located in Chesterville, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Manulife Financial Corporation

Acted for The Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the construction and long-term operations of the Val Caron Solar Project, a 10 MW ground-mount solar project near the City of Greater Sudbury, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Canadian Imperial Bank of Commerce and The Bank of Nova Scotia

Acted for Canadian Imperial Bank of Commerce, The Bank of Nova Scotia and a syndicate of lenders in connection with a US$100-million senior secured credit facility made available to Hudbay Minerals Inc. and Hudson Bay Mining and Smelting Co., Limited.

Manulife Financial Corporation

Acted for Manulife Financial Corporation in connection with the establishment of credit facilities to finance the long-term operations by SunE Ray LP of a 10 MW ground-mount solar project and SunE Newboro 4 LP of a 10 MW ground-mount solar project near Kingston, Ontario, each of which had been awarded a 20-year power purchase contracts under Ontario's Feed-in Tariff Program.

Manulife Financial Corporation

Acted for The Manufacturers Life Insurance Company in connection with a $125.8 million project financing of the construction of the 18.9-MW hydroelectric generating facilities located near White River, Ontario.

Manulife Financial Corporation and Sun Life Assurance Company of Canada

Acted for a group of lenders, comprising The Manufacturers Life Insurance Company and Sun Life Assurance Company of Canada, in connection with the $135.2 million non-recourse construction and term project finance for the 60 MW nameplate capacity wind generation project located on McLean's Mountain, Manitoulin Island, Ontario.

Plenary Properties DES LP

Acted for Plenary Properties DES LP which was awarded a 10-year contract to provide Driver Examination Services for the Ontario Ministry of Transportation.

Detour Gold Corporation

Acted for Detour Gold Corporation in connection with the establishment of a $135-million senior secured credit facility.

Stonebridge Financial Corporation and Stonebridge Infrastructure Debt Fund Limited Partnership

Acted for Stonebridge Financial Corporation, Stonebridge Infrastructure Debt Fund Limited Partnership and other lenders in connection with a multi-tranche term credit facility in favour of Firelight Solar L.P. to finance a portfolio of approximately 65 photovoltaic rooftop solar projects.

Stonebridge Financial Corporation

Acted for Stonebridge Financial Corporation in connection with project financing for the Alderville Solar Project in Central Ontario.

Deutsche Bank AG and Manulife Financial Corporation

Acted for Deutsche Bank AG and Manulife Financial Corporation in connection with the establishment of credit facilities to finance the construction and long-term operation by SunE Odessa LP of a 10 MW ground-mount solar project near Kingston, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in-Tariff Program.

Hydroméga Services Inc.

Acted for Hydroméga Services Inc., as sponsor in partnership with the Dokis First Nation, and Okikendawt Hydro L.P., as borrower, in connection with the project financing of a 10-MW hydroelectric generating facility on the French River in the district of Parry Sound, Ontario.

Bank of Montréal and Canadian Imperial Bank of Commerce

Acted for Bank of Montréal and Canadian Imperial Bank of Commerce and a syndicate of lenders in connection with a US$250-million credit facility in favour of Consolidated Thompson Iron Mines Limited and The Bloom Lake Iron Ore Mine Limited Partnership.

Canadian Imperial Bank of Commerce and Scotia Capital

Acted for Canadian Imperial Bank of Commerce, Scotia Capital and a syndicate of lenders in connection with a US$300-million credit facility in favour of HudBay Minerals Inc. and Hudson Bay Mining and Smelting Co., Limited.

Article

The Banking Regulation Review, 7th ed.: Canada Chapter

May 01, 2016 - Containing submissions from authors in 40 countries and territories, The Banking Regulation Review is a comprehensive guide to regulatory banking law around the world. A team of Davies lawyers has contributed the Canada chapter, which provides a thorough overview of the country’s banking...

Article

The Banking Regulation Review, 6th ed.: Canada Chapter

June 08, 2015 - Containing submissions from authors in 48 countries and territories, The Banking Regulation Review is a comprehensive guide to regulatory banking law around the world. A team of Davies lawyers has contributed the Canada chapter, which provides a thorough overview of the country’s...

Article

The Banking Regulation Review: Canada Chapter

May 01, 2014 - This chapter from The Banking Regulation Review, 5th ed., provides a thorough overview of banking regulation in Canada, including the regulatory regime applicable to banks, prudential regulation, conduct of business, funding, control of banks and transfer of banking business, and a review...

Article

Material Adverse Changes: Decoding a Legal Enigma

Jan. 06, 2014 - When negotiating a financing commitment, a prospective borrower is often asked to agree that the lender may refuse to advance funds or may terminate the credit facility if there is a “material adverse change” or if an event occurs that has had or may have a “material adverse effect”. Borrowers tend...

Chambers Global: The World’s Leading Lawyers for Business—Energy: Power (Transactional); Projects: PPP & Infrastructure; Project Finance (Band 1)

Chambers Canada: Canada’s Leading Lawyers for Business—Energy: Power (Transactional); Project Finance (Band 1)

IFLR1000: The Guide to the World’s Leading Financial Law Firms—Banking; Project Finance

The Legal 500 Canada—Banking and Finance (Leading Lawyer); Energy: Power (Leading Lawyer); Infrastructure and Projects (Leading Lawyer)

The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada—Project Finance

Report on Business/Lexpert Special Edition Canada’s Leading Infrastructure Lawyers

Report on Business/Lexpert Special Edition Canada’s Leading Energy Lawyers

Lexpert Guide to US/Canada Cross-Border Lawyers in Canada—Financing

The Canadian Legal Lexpert Directory—Project Finance (Most Frequently Recommended); Banking and Financial Institutions; Corporate Commercial Law; Energy: Electricity; Infrastructure

The Best Lawyers in Canada—Banking and Finance Law; Corporate Law; Energy Law; Energy Regulatory Law; Project Finance Law (Lawyer of the Year 2018, Toronto); Public Finance Law (Lawyer of the Year 2019, Toronto)

Who’s Who Legal: Canada—Project Finance (Most Highly Regarded); Government Contracts; Who’s Who Legal: Project Finance; Who’s Who Legal: Government Contracts

Expert Guides—Project Finance

Bar Admissions

Ontario, 1989

Education

University of Western Ontario, LLB, 1987
McMaster University, BA (Honours), 1984

Nick brings the “perfect balance of legal services and a practical approach to resolving commercial and legal issues.” He is considered “very knowledgeable in the industry,” with one client stating that he “understands very well the issues and challenges involved.”
Chambers Global 2016

Nick’s practice focuses on finance, private mergers and acquisitions and energy, with a particular emphasis on project finance, public-private partnerships, infrastructure development, secured lending and structured finance. His experience in numerous project finance, private M&A, public-private partnership and infrastructure transactions extends to many industries, including energy, infrastructure and mining. He also has significant expertise in syndicated lending, having acted for lenders and borrowers on syndicated domestic and multijurisdictional financing transactions.

Clients of various types – including banks, life insurance companies, infrastructure funds, investors, developers and government agencies – rely on Nick for business-minded and insightful advice. As one client says, Nick “is vastly experienced and reputable in the space, and well respected, deservedly so, by lenders and sponsors alike.” (Chambers Global 2015)

Stonebridge Financial Corporation

Acted for Stonebridge Financial Corporation in the term financing of two 10 MW operating wind generation projects owned by Musselshell Wind Project LLC in Montana.

Axium Infrastructure Inc.

Acted for Axium Infrastructure Inc. in its acquisition from Mitsubishi Corporation of a 50% interest in a portfolio of nine solar farms located in Ontario.

Axium Infrastructure Inc. and The Manufacturers Life Insurance Company

Acted for Axium Infrastructure Inc. and The Manufacturers Life Insurance Company in a private placement in Canada and the United States of over $1 billion of fixed rate bonds in order to refinance bridge loans used to complete their recent acquisition of AltaGas Ltd.'s remaining 55% interest in three hydroelectric projects in northwest British Columbia.

The Manufacturers Life Insurance Company

Acted for The Manufacturers Life Insurance Company, as (i) senior lender, in the incremental financing for Manulife's sale of Regional Power Inc., owner of the Bear Creek, Long Lake and White River hydroelectric projects; and (ii) project lender in connection with amendments to the existing project financing facilities.

Axium Infrastructure Inc. and The Manufacturers Life Insurance Company

Acted for Axium Infrastructure Inc. and The Manufacturers Life Insurance Company in their joint $1.4-billion acquisition of AltaGas Ltd.'s remaining 55% interest in three hydroelectric projects in northwest British Columbia: the 195 MW Forrest Kerr Hydroelectric Facility, the 66 MW McLymont Creek Hydroelectric Facility and the 16 MW Volcano Creek Hydroelectric Facility.

Axium Infrastructure Inc. and The Manufacturers Life Insurance Company

Acted for (i) Axium Infrastructure Inc. and The Manufacturers Life Insurance Company in their joint $922-million acquisition from AltaGas Ltd. of a 35% interest in three hydroelectric projects in northwest British Columbia: the 195 MW Forrest Kerr Hydroelectric Facility, the 66 MW McLymont Creek Hydroelectric Facility and the 16 MW Volcano Creek Hydroelectric Facility; and (ii) Northwestern Hydro Acquisition Inc. (NWHA), the special purpose acquisition vehicle formed to complete the acquisition, in a subsequent $650 million senior secured bond financing and related letter of credit facility.

Axium Infrastructure Inc.

Acted for Axium Infrastructure Inc. in its $540-million acquisition of TransCanada's Ontario solar portfolio, consisting of eight facilities totalling approximately 105 MW of installed capacity.

PSP Investments

Acted for PSP Investments in its strategic initiatives with Pattern Energy Group Inc., including (i) the acquisition of a 9.9% interest in Pattern Energy; (ii) the joint venture between PSP and Pattern Energy to co-invest in various renewable projects; (iii) the joint acquisition with Pattern Energy of a 51% and 49% interest, respectively, in the 179 MW Meikle wind project in British Columbia and the 143 MW Mont Sainte-Marguerite wind project in Québec; and (iv) the acquisition of 49% of the Class B interests held by Pattern in the Panhandle 2 wind project in Texas.

Manulife Financial Corporation

Acted for the Manufacturers Life Insurance Company in 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.

Independent Electricity System Operator

Acted for the Independent Electricity System Operator in connection with its amended agreement with Bruce Power for the refurbishment of six nuclear units at the Tiverton-based nuclear generation station, the world's largest operating nuclear facility. The amended agreement secures 6,300 megawatts of baseload generating capacity for the province of Ontario and will result in an investment by Bruce Power of approximately $13 billion.

Stonebridge Financial Corporation and Siemens Financial Ltd.

Acted for Stonebridge Financial Corporation and Siemens Financial Ltd. in connection with the financing of an equity investment in two wind projects near Sault Ste. Marie, Ontario.

Manulife Financial Corporation

Acted for the Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the construction and long-term operations of the Aria Solar Project, a 9-MW ground-mount solar project located in Springwater, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Manulife Financial Corporation

Acted for The Manufacturers Life Insurance Company in the financing of a $42.5-million equity investment in the Suncor Energy Adelaide Wind Power Project in Ontario.

Manulife Financial Corporation

Acted for the Manufacturers Life Insurance Company and Caisse de dépôt et placement du Québec in the$197.2-million project financing of the 40.6-MW Big Silver Creek hydroelectric facility in British Columbia.

Stonebridge Financial Corporation

Acted for Stonebridge Financial Corporation in connection with the establishment of a credit facility for Affinity Wind LP to finance the construction and long-term operation of a 13.2-MW wind farm to be located near Truro, Nova Scotia.

Manulife Financial Corporation

Acted for a group of lenders, comprising the Manufacturers Life Insurance Company, the Caisse de Dépôt et placement du Québec and the Canada Life Assurance Company, in connection with the $491.6-million non-recourse construction and term project financing for the Upper Lillooet River and Boulder Creek run-of-river hydroelectric projects owned by Innergex Renewable Energy Inc. and Ledcor Power Group Ltd.

Manulife Financial Corporation

Acted for The Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the construction and long-term operations of the RayLight Solar Project, a 10 MW ground-mount solar project located in Wyebridge, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Manulife Financial Corporation and Sun Life Assurance Company of Canada

Acted for The Manufacturers Life Insurance Company and Sun Life Assurance Company of Canada in connection with the establishment of credit facilities to finance the construction and long-term operation of a 25-MW ground-mount solar project located near Fort Frances, Ontario. The project sponsor is a joint venture between the Rainy River First Nations and certain institutional and other investors. The project had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program, which included an aboriginal price adder as a result of the participation by the Rainy River First Nations.

Plenary Justice Okanagan Limited Partnership

Acted for Plenary Justice Okanagan Limited Partnership, which was awarded the $192.9-million contract by The Ministry of Justice, The B.C. Corrections Branch and the British Columbia Ministry of Technology, Innovation and Citizens' Services to design, build, finance and maintain the 378-cell, high security facility, Okanagan Correctional Centre, located near Oliver, British Columbia.

Manulife Financial Corporation

Acted for The Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the construction and long-term operations of the Mighty Solar Project, a 10 MW ground-mount solar project located in Chesterville, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Manulife Financial Corporation

Acted for The Manufacturers Life Insurance Company in connection with the establishment of credit facilities to finance the construction and long-term operations of the Val Caron Solar Project, a 10 MW ground-mount solar project near the City of Greater Sudbury, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Canadian Imperial Bank of Commerce and The Bank of Nova Scotia

Acted for Canadian Imperial Bank of Commerce, The Bank of Nova Scotia and a syndicate of lenders in connection with a US$100-million senior secured credit facility made available to Hudbay Minerals Inc. and Hudson Bay Mining and Smelting Co., Limited.

Manulife Financial Corporation

Acted for Manulife Financial Corporation in connection with the establishment of credit facilities to finance the long-term operations by SunE Ray LP of a 10 MW ground-mount solar project and SunE Newboro 4 LP of a 10 MW ground-mount solar project near Kingston, Ontario, each of which had been awarded a 20-year power purchase contracts under Ontario's Feed-in Tariff Program.

Manulife Financial Corporation

Acted for The Manufacturers Life Insurance Company in connection with a $125.8 million project financing of the construction of the 18.9-MW hydroelectric generating facilities located near White River, Ontario.

Manulife Financial Corporation and Sun Life Assurance Company of Canada

Acted for a group of lenders, comprising The Manufacturers Life Insurance Company and Sun Life Assurance Company of Canada, in connection with the $135.2 million non-recourse construction and term project finance for the 60 MW nameplate capacity wind generation project located on McLean's Mountain, Manitoulin Island, Ontario.

Plenary Properties DES LP

Acted for Plenary Properties DES LP which was awarded a 10-year contract to provide Driver Examination Services for the Ontario Ministry of Transportation.

Detour Gold Corporation

Acted for Detour Gold Corporation in connection with the establishment of a $135-million senior secured credit facility.

Stonebridge Financial Corporation and Stonebridge Infrastructure Debt Fund Limited Partnership

Acted for Stonebridge Financial Corporation, Stonebridge Infrastructure Debt Fund Limited Partnership and other lenders in connection with a multi-tranche term credit facility in favour of Firelight Solar L.P. to finance a portfolio of approximately 65 photovoltaic rooftop solar projects.

Stonebridge Financial Corporation

Acted for Stonebridge Financial Corporation in connection with project financing for the Alderville Solar Project in Central Ontario.

Deutsche Bank AG and Manulife Financial Corporation

Acted for Deutsche Bank AG and Manulife Financial Corporation in connection with the establishment of credit facilities to finance the construction and long-term operation by SunE Odessa LP of a 10 MW ground-mount solar project near Kingston, Ontario, which had been awarded a 20-year power purchase contract under Ontario's Feed-in-Tariff Program.

Hydroméga Services Inc.

Acted for Hydroméga Services Inc., as sponsor in partnership with the Dokis First Nation, and Okikendawt Hydro L.P., as borrower, in connection with the project financing of a 10-MW hydroelectric generating facility on the French River in the district of Parry Sound, Ontario.

Bank of Montréal and Canadian Imperial Bank of Commerce

Acted for Bank of Montréal and Canadian Imperial Bank of Commerce and a syndicate of lenders in connection with a US$250-million credit facility in favour of Consolidated Thompson Iron Mines Limited and The Bloom Lake Iron Ore Mine Limited Partnership.

Canadian Imperial Bank of Commerce and Scotia Capital

Acted for Canadian Imperial Bank of Commerce, Scotia Capital and a syndicate of lenders in connection with a US$300-million credit facility in favour of HudBay Minerals Inc. and Hudson Bay Mining and Smelting Co., Limited.

Article

The Banking Regulation Review, 7th ed.: Canada Chapter

May 01, 2016 - Containing submissions from authors in 40 countries and territories, The Banking Regulation Review is a comprehensive guide to regulatory banking law around the world. A team of Davies lawyers has contributed the Canada chapter, which provides a thorough overview of the country’s banking...

Article

The Banking Regulation Review, 6th ed.: Canada Chapter

June 08, 2015 - Containing submissions from authors in 48 countries and territories, The Banking Regulation Review is a comprehensive guide to regulatory banking law around the world. A team of Davies lawyers has contributed the Canada chapter, which provides a thorough overview of the country’s...

Article

The Banking Regulation Review: Canada Chapter

May 01, 2014 - This chapter from The Banking Regulation Review, 5th ed., provides a thorough overview of banking regulation in Canada, including the regulatory regime applicable to banks, prudential regulation, conduct of business, funding, control of banks and transfer of banking business, and a review...

Article

Material Adverse Changes: Decoding a Legal Enigma

Jan. 06, 2014 - When negotiating a financing commitment, a prospective borrower is often asked to agree that the lender may refuse to advance funds or may terminate the credit facility if there is a “material adverse change” or if an event occurs that has had or may have a “material adverse effect”. Borrowers tend...

Chambers Global: The World’s Leading Lawyers for Business—Energy: Power (Transactional); Projects: PPP & Infrastructure; Project Finance (Band 1)

Chambers Canada: Canada’s Leading Lawyers for Business—Energy: Power (Transactional); Project Finance (Band 1)

IFLR1000: The Guide to the World’s Leading Financial Law Firms—Banking; Project Finance

The Legal 500 Canada—Banking and Finance (Leading Lawyer); Energy: Power (Leading Lawyer); Infrastructure and Projects (Leading Lawyer)

The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada—Project Finance

Report on Business/Lexpert Special Edition Canada’s Leading Infrastructure Lawyers

Report on Business/Lexpert Special Edition Canada’s Leading Energy Lawyers

Lexpert Guide to US/Canada Cross-Border Lawyers in Canada—Financing

The Canadian Legal Lexpert Directory—Project Finance (Most Frequently Recommended); Banking and Financial Institutions; Corporate Commercial Law; Energy: Electricity; Infrastructure

The Best Lawyers in Canada—Banking and Finance Law; Corporate Law; Energy Law; Energy Regulatory Law; Project Finance Law (Lawyer of the Year 2018, Toronto); Public Finance Law (Lawyer of the Year 2019, Toronto)

Who’s Who Legal: Canada—Project Finance (Most Highly Regarded); Government Contracts; Who’s Who Legal: Project Finance; Who’s Who Legal: Government Contracts

Expert Guides—Project Finance

Bar Admissions

Ontario, 1989

Education

University of Western Ontario, LLB, 1987
McMaster University, BA (Honours), 1984