Peter Martorelli

Partner

Peter Martorelli

Peter Martorelli

Partner

Bar Admissions
  • Ontario, 2012

With a broad practice in acting on corporate, commercial and securities transactions, Peter keeps his focus on clients’ success.

Peter acts for clients on mergers and acquisitions, as well as securities offerings and secured lending matters. He assists with ongoing securities and corporate law obligations. Peter regularly works with clients in banking, energy, private equity, real estate and mining.

In 2014, Peter spent six months on secondment with RBC Law Group’s Capital Markets team.

Peter Martorelli

Partner

With a broad practice in acting on corporate, commercial and securities transactions, Peter keeps his focus on clients’ success.

Peter acts for clients on mergers and acquisitions, as well as securities offerings and secured lending matters. He assists with ongoing securities and corporate law obligations. Peter regularly works with clients in banking, energy, private equity, real estate and mining.

In 2014, Peter spent six months on secondment with RBC Law Group’s Capital Markets team.

Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc.

Acted for a syndicate of agents, led by Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc., in a private placement of a $200 million senior unsecured Series F notes due August 26, 2026 issued by Crombie Real Estate Investment Trust.

Ironbridge Equity Partners

Acted for Ironbridge Equity Partners on the acquisition and related financing of Canada Metal (Pacific) Limited, a leading manufacturer and distributor of branded products serving the recreational marine, commercial marine and industrial markets.

The Bank of Nova Scotia

Acted as counsel to The Bank of Nova Scotia, the administrative agent for a syndicate of lenders, in Pinnacle Renewable Holdings' US$37.1-million acquisition from The Westervelt Company of a 70% stake in an industrial wood pellet production facility in Alabama.

Syndicate of agents

Acted for a syndicate of agents, led by Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., and RBC Dominion Securities Inc., in a private placement of a $175 million senior unsecured Series E notes due January 31, 2025 issued by Crombie Real Estate Investment Trust.

National Bank of Canada, The Toronto-Dominion Bank and HSBC Bank Canada

Acted for the lending syndicate, led by National Bank of Canada, The Toronto-Dominion Bank and HSBC Bank Canada, in establishing a US$150-million syndicated revolving credit facility in favour of Medical Facilities Corporation, which, in partnership with physicians, owns surgical facilities in the United States.

TD Securities Inc., CIBC World Markets Inc. and Desjardins Securities Inc.

Acted for a syndicate of agents, led by TD Securities Inc., CIBC World Markets Inc. and Desjardins Securities Inc., in a private placement of an additional $75-million senior unsecured Series B notes due June 1, 2021, issued by Crombie Real Estate Investment Trust.

Canadian Business Growth Fund

Acted as lead counsel to Canadian Business Growth Fund on the launch of its fund to drive expansion and growth of mid-market Canadian businesses.

Rogers Communications Inc.

Acted for Rogers Communications Inc. to establish its Canadian shelf prospectus, qualifying up to $4 billion of future public offerings of debt securities in Canada, and its separate Canadian shelf prospectus and associated U.S. registration statement, registering up to US$4 billion of future public offerings of debt securities in the United States pursuant to the multijurisdictional disclosure system.

The Bank of Nova Scotia

Acted for a syndicate of lenders, led by The Bank of Nova Scotia, in the financing of Thinking Capital Financial Corporation, Canada's leading fintech lender to small businesses, which was acquired by Purpose Financial LP.

Royal Bank of Canada

Acted for Royal Bank of Canada in the establishment of its $7-billion senior note program in 2018, and ongoing representation of Royal Bank of Canada in takedowns of structured products under its senior note program.

Rogers Communications Inc.

Acted for Rogers Communications Inc. in its US$750-million underwritten public offering of senior notes due 2048, issued in the United States under the multijurisdictional disclosure system.

TD Securities Inc., CIBC World Markets Inc. and National Bank Financial Inc.

Acted for the syndicate of agents, led by TD Securities Inc., CIBC World Markets Inc. and National Bank Financial Inc., in a $150-million private placement of senior unsecured Series D notes due November, 21 2022 issued by Crombie Real Estate Investment Trust.

TD Securities Inc. and CIBC World Markets Inc.

Acted for the syndicate of underwriters, led by TD Securities Inc. and CIBC World Markets inc., in connection with a private placement of an additional $75-million senior unsecured notes due 2021 issued by Crombie Real Estate Investment Trust. The net proceeds of the offering were used to repay existing debt and for general corporate purposes.

Canadian Imperial Bank of Commerce and The Toronto-Dominion Bank

Acted for the underwriters, being Canadian Imperial Bank of Commerce and The Toronto-Dominion Bank, in connection with the financing of Acasta Enterprises Inc.'s acquisition of Apollo Health & Beauty Care Partnership and JemPak Corporation for aggregate consideration, together with Acasta's acquisition of the commercial aviation finance advisory and asset management businesses of Stellwagen Finance Company, of $1.2 billion.

Royal Bank of Canada

Acted for Royal Bank of Canada in connection with the establishment of its $7-billion senior note program in 2016, and ongoing representation of Royal Bank of Canada in connection with takedowns of structured products under its senior note program, including pre-clearances of "novel" specified derivatives with the Autorité des marchés financiers in Québec.

FortisOntario Inc.

Acting for FortisOntario Inc., a subsidiary of Fortis Inc., in its partnership with Wataynikaneyap Power LP. The Wataynikaneyap Power LP is a partnership between FortisOntario, 20 First Nation communities in northwestern Ontario and Renewable Energy Systems Canada Inc. that is seeking to build, own and operate electricity transmission infrastructure to connect 16 remote First Nation communities in northwestern Ontario to the province's electricity grid. Currently, electricity in these communities is provided through diesel generation.

RBC Dominion Securities Inc. and CIBC World Markets Inc.

Acted for a syndicate of agents led by RBC Dominion Securities Inc. and CIBC World Markets Inc. in connection with the initial public offering of Energy Credit Opportunities Income Fund, a closed-end investment fund which is managed by Purpose Investments Inc.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with its acquisition of a 55% interest in Gunnarn Mining AB, the owner of the Barsele Gold Project in Sweden, from Orex Minerals Inc. for an aggregate of US$10 million and the entering into of a joint venture for the management and operation of Gunnarn Mining AB and the exploration and development of the project. As part of the transaction, Agnico Eagle granted a royalty interest in the project to Orex, has committed to spend US$7 million over three years and will earn an additional 15% interest in Gunnarn Mining AB if it completes a pre-feasibility study.

Scotia Capital Inc., CIBC World Markets Inc. and BMO Nesbitt Burns Inc.

Acted for a syndicate of underwriters, co-led by Scotia Capital Inc., CIBC World Markets Inc. and BMO Nesbitt Burns Inc. in a bought deal private placement of $125-million notes due 2020 issued by Crombie Real Estate Investment Trust. The net proceeds of the offering were used to repay existing debt, including the outstanding 5.75% Series C Convertible Unsecured Subordinated Debentures and for general corporate purposes.

Deutsche Bank AG

Acted for Deutsche Bank AG in connection with the establishment of credit facilities to finance the construction and long-term operation of two SunEdison sponsored 10 MW ground-mount solar projects known as "Lindsay" and "Solar Spirit", each of which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Mizuho Bank, Ltd.

Acted for Mizuho Bank, Ltd. in connection with the establishment of credit facilities to finance the construction and long-term operation by SunE Westbrook LP and Oro-Medonte Solar Farm Inc. of two 10-MW ground-mount solar projects, each of which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Royal Bank of Canada

Acted for Royal Bank of Canada in connection with the establishment of its $2-billion senior note program in 2013, and ongoing representation of Royal Bank of Canada in connection with takedowns of structured products under its senior note program, including pre-clearances of "novel" specified derivatives with the Autorité des marchés financiers in Québec.

Mizuho Bank, Ltd.

Acted for Mizuho Bank, Ltd. in connection with the establishment of credit facilities to finance the construction and long-term operation by SunE Demorestville LP and SunE Taylor Kidd LP of two 10 MW ground-mount solar projects, each of which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Cathmark Investments Inc.

Acted for a group of investors led by Cathmark Investments Inc. in the acquisition of Bull Wealth Management Group Inc. and Bull Capital Management Inc., a registered portfolio manager, exempt market dealer and investment fund manager, from a subsidiary of EFG International AG.

Noteholders

Acted for a group of noteholders of the approximately $10-billion Master Asset Vehicle II (MAV II), in approving and implementing amendments to the structure of MAV II to provide for periodic optional redemptions of certain notes of MAV II and concurrent proportional unwinds and liquidations of MAV II's liabilities and assets.

Cavendish Farms Corporation

Acted for Cavendish Farms Corporation in connection with its $60 million acquisition of Maple Leaf Foods Inc.'s potato processing business.

InnVest Real Estate Investment Trust

Acted for InnVest Real Estate Investment Trust in connection with a public offering of $100 million aggregate principal amount of convertible unsecured subordinated debentures due March 31, 2019.

Osgoode Hall Law School—Harley D. Hallett Scholarship; Simms Shuber Prize (Corporate Governance)

Bar Admissions

Ontario, 2012

Education

Osgoode Hall Law School, JD, 2011
DeGroote School of Business, McMaster University, MBA (D.M. Hedden Gold Medallist), 2008
DeGroote School of Business, McMaster University, BComm (Governor General’s Silver Medallist), 2007

With a broad practice in acting on corporate, commercial and securities transactions, Peter keeps his focus on clients’ success.

Peter acts for clients on mergers and acquisitions, as well as securities offerings and secured lending matters. He assists with ongoing securities and corporate law obligations. Peter regularly works with clients in banking, energy, private equity, real estate and mining.

In 2014, Peter spent six months on secondment with RBC Law Group’s Capital Markets team.

Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc.

Acted for a syndicate of agents, led by Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc., in a private placement of a $200 million senior unsecured Series F notes due August 26, 2026 issued by Crombie Real Estate Investment Trust.

Ironbridge Equity Partners

Acted for Ironbridge Equity Partners on the acquisition and related financing of Canada Metal (Pacific) Limited, a leading manufacturer and distributor of branded products serving the recreational marine, commercial marine and industrial markets.

The Bank of Nova Scotia

Acted as counsel to The Bank of Nova Scotia, the administrative agent for a syndicate of lenders, in Pinnacle Renewable Holdings' US$37.1-million acquisition from The Westervelt Company of a 70% stake in an industrial wood pellet production facility in Alabama.

Syndicate of agents

Acted for a syndicate of agents, led by Scotia Capital Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., and RBC Dominion Securities Inc., in a private placement of a $175 million senior unsecured Series E notes due January 31, 2025 issued by Crombie Real Estate Investment Trust.

National Bank of Canada, The Toronto-Dominion Bank and HSBC Bank Canada

Acted for the lending syndicate, led by National Bank of Canada, The Toronto-Dominion Bank and HSBC Bank Canada, in establishing a US$150-million syndicated revolving credit facility in favour of Medical Facilities Corporation, which, in partnership with physicians, owns surgical facilities in the United States.

TD Securities Inc., CIBC World Markets Inc. and Desjardins Securities Inc.

Acted for a syndicate of agents, led by TD Securities Inc., CIBC World Markets Inc. and Desjardins Securities Inc., in a private placement of an additional $75-million senior unsecured Series B notes due June 1, 2021, issued by Crombie Real Estate Investment Trust.

Canadian Business Growth Fund

Acted as lead counsel to Canadian Business Growth Fund on the launch of its fund to drive expansion and growth of mid-market Canadian businesses.

Rogers Communications Inc.

Acted for Rogers Communications Inc. to establish its Canadian shelf prospectus, qualifying up to $4 billion of future public offerings of debt securities in Canada, and its separate Canadian shelf prospectus and associated U.S. registration statement, registering up to US$4 billion of future public offerings of debt securities in the United States pursuant to the multijurisdictional disclosure system.

The Bank of Nova Scotia

Acted for a syndicate of lenders, led by The Bank of Nova Scotia, in the financing of Thinking Capital Financial Corporation, Canada's leading fintech lender to small businesses, which was acquired by Purpose Financial LP.

Royal Bank of Canada

Acted for Royal Bank of Canada in the establishment of its $7-billion senior note program in 2018, and ongoing representation of Royal Bank of Canada in takedowns of structured products under its senior note program.

Rogers Communications Inc.

Acted for Rogers Communications Inc. in its US$750-million underwritten public offering of senior notes due 2048, issued in the United States under the multijurisdictional disclosure system.

TD Securities Inc., CIBC World Markets Inc. and National Bank Financial Inc.

Acted for the syndicate of agents, led by TD Securities Inc., CIBC World Markets Inc. and National Bank Financial Inc., in a $150-million private placement of senior unsecured Series D notes due November, 21 2022 issued by Crombie Real Estate Investment Trust.

TD Securities Inc. and CIBC World Markets Inc.

Acted for the syndicate of underwriters, led by TD Securities Inc. and CIBC World Markets inc., in connection with a private placement of an additional $75-million senior unsecured notes due 2021 issued by Crombie Real Estate Investment Trust. The net proceeds of the offering were used to repay existing debt and for general corporate purposes.

Canadian Imperial Bank of Commerce and The Toronto-Dominion Bank

Acted for the underwriters, being Canadian Imperial Bank of Commerce and The Toronto-Dominion Bank, in connection with the financing of Acasta Enterprises Inc.'s acquisition of Apollo Health & Beauty Care Partnership and JemPak Corporation for aggregate consideration, together with Acasta's acquisition of the commercial aviation finance advisory and asset management businesses of Stellwagen Finance Company, of $1.2 billion.

Royal Bank of Canada

Acted for Royal Bank of Canada in connection with the establishment of its $7-billion senior note program in 2016, and ongoing representation of Royal Bank of Canada in connection with takedowns of structured products under its senior note program, including pre-clearances of "novel" specified derivatives with the Autorité des marchés financiers in Québec.

FortisOntario Inc.

Acting for FortisOntario Inc., a subsidiary of Fortis Inc., in its partnership with Wataynikaneyap Power LP. The Wataynikaneyap Power LP is a partnership between FortisOntario, 20 First Nation communities in northwestern Ontario and Renewable Energy Systems Canada Inc. that is seeking to build, own and operate electricity transmission infrastructure to connect 16 remote First Nation communities in northwestern Ontario to the province's electricity grid. Currently, electricity in these communities is provided through diesel generation.

RBC Dominion Securities Inc. and CIBC World Markets Inc.

Acted for a syndicate of agents led by RBC Dominion Securities Inc. and CIBC World Markets Inc. in connection with the initial public offering of Energy Credit Opportunities Income Fund, a closed-end investment fund which is managed by Purpose Investments Inc.

Agnico Eagle Mines Limited

Acted for Agnico Eagle Mines Limited in connection with its acquisition of a 55% interest in Gunnarn Mining AB, the owner of the Barsele Gold Project in Sweden, from Orex Minerals Inc. for an aggregate of US$10 million and the entering into of a joint venture for the management and operation of Gunnarn Mining AB and the exploration and development of the project. As part of the transaction, Agnico Eagle granted a royalty interest in the project to Orex, has committed to spend US$7 million over three years and will earn an additional 15% interest in Gunnarn Mining AB if it completes a pre-feasibility study.

Scotia Capital Inc., CIBC World Markets Inc. and BMO Nesbitt Burns Inc.

Acted for a syndicate of underwriters, co-led by Scotia Capital Inc., CIBC World Markets Inc. and BMO Nesbitt Burns Inc. in a bought deal private placement of $125-million notes due 2020 issued by Crombie Real Estate Investment Trust. The net proceeds of the offering were used to repay existing debt, including the outstanding 5.75% Series C Convertible Unsecured Subordinated Debentures and for general corporate purposes.

Deutsche Bank AG

Acted for Deutsche Bank AG in connection with the establishment of credit facilities to finance the construction and long-term operation of two SunEdison sponsored 10 MW ground-mount solar projects known as "Lindsay" and "Solar Spirit", each of which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Mizuho Bank, Ltd.

Acted for Mizuho Bank, Ltd. in connection with the establishment of credit facilities to finance the construction and long-term operation by SunE Westbrook LP and Oro-Medonte Solar Farm Inc. of two 10-MW ground-mount solar projects, each of which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Royal Bank of Canada

Acted for Royal Bank of Canada in connection with the establishment of its $2-billion senior note program in 2013, and ongoing representation of Royal Bank of Canada in connection with takedowns of structured products under its senior note program, including pre-clearances of "novel" specified derivatives with the Autorité des marchés financiers in Québec.

Mizuho Bank, Ltd.

Acted for Mizuho Bank, Ltd. in connection with the establishment of credit facilities to finance the construction and long-term operation by SunE Demorestville LP and SunE Taylor Kidd LP of two 10 MW ground-mount solar projects, each of which had been awarded a 20-year power purchase contract under Ontario's Feed-in Tariff Program.

Cathmark Investments Inc.

Acted for a group of investors led by Cathmark Investments Inc. in the acquisition of Bull Wealth Management Group Inc. and Bull Capital Management Inc., a registered portfolio manager, exempt market dealer and investment fund manager, from a subsidiary of EFG International AG.

Noteholders

Acted for a group of noteholders of the approximately $10-billion Master Asset Vehicle II (MAV II), in approving and implementing amendments to the structure of MAV II to provide for periodic optional redemptions of certain notes of MAV II and concurrent proportional unwinds and liquidations of MAV II's liabilities and assets.

Cavendish Farms Corporation

Acted for Cavendish Farms Corporation in connection with its $60 million acquisition of Maple Leaf Foods Inc.'s potato processing business.

InnVest Real Estate Investment Trust

Acted for InnVest Real Estate Investment Trust in connection with a public offering of $100 million aggregate principal amount of convertible unsecured subordinated debentures due March 31, 2019.

Osgoode Hall Law School—Harley D. Hallett Scholarship; Simms Shuber Prize (Corporate Governance)

Bar Admissions

Ontario, 2012

Education

Osgoode Hall Law School, JD, 2011
DeGroote School of Business, McMaster University, MBA (D.M. Hedden Gold Medallist), 2008
DeGroote School of Business, McMaster University, BComm (Governor General’s Silver Medallist), 2007