Overview
ANDREW HELPS LENDERS AND BORROWERS NAVIGATE COMPLEX DEBT FINANCE TRANSACTIONS.
Andrew represents lenders and borrowers in domestic and cross-border debt financing transactions, including syndicated secured and unsecured credit facilities, investment grade loans, acquisition and other leveraged finance transactions, mezzanine and holdco PIK financings, commercial and asset-based lending, private placements, and structured finance transactions.
He has particular expertise representing direct lenders in domestic and U.S.-Canada cross-border 2nd lien financings, in connection with acquisitions and other leveraged finance transactions sponsored by prominent U.S. and Canadian private equity and pension fund sponsors.
Andrew has also represented sponsors in leveraged buyouts, and has experience in securitizations, derivatives and financial restructuring.
Education & Admissions
Osgoode Hall Law School, York University (J.D., 1995)
Admissions
- New York
- Ontario
- Chartered Financial Analyst (CFA)
- Chartered Alternative Investment Analyst (CAIA)
- Certified Financial Risk Manager (FRM)
- Fellow of the American College of Investment Counsel (ACIC)
Languages
- English, French
Experience
Representative Experience
- Represented STS Renewables in credit facilities agented by Bank of Nova Scotia.
- Penfund as 2nd lien agent and lender and Oak Hill Capital as 2nd lien lender in connection with 2nd lien credit facilities provided to Mariner Wealth Advisors, a portfolio company of Leonard Green.
- Penfund as 2nd lien agent and lender, alongside Ares Capital and Antares Capital as 2nd lien lenders, in connection with the acquisition by Genstar Capital of Arrowhead Engineered Products, and subsequent tuck-in acquisitions and related 1st lien/2nd lien incremental financings.
- Penfund as 2nd lien lender and equity co-investor in connection with the acquisition by OMERS Private Equity of Gastro Health.
- Penfund as 2nd lien agent and lender, alongside Blackstone, and as equity co-investor, in connection with the acquisition by FlexPoint Ford of Canadian Hospital Specialties.
- Penfund as 2nd lien agent and lender, and equity co-investor, in connection with the acquisition by The Riverside Company of Arrowhead Engineered Products, and subsequent tuck-in acquisitions and related 1st lien/2nd lien incremental financings.
- Penfund as 2nd lien agent and lender in connection with 2nd lien credit facilities provided to BroadStreet Partners, a portfolio company of Ontario Teachers’ Pension Plan Board.
- Penfund, Ares and Oak Hill as 2nd lien lenders, and for Penfund as equity-investor, in connection with the merger of Caliber Collision and Abra Autobody, sponsored by Heller & Friedman, OMERS Private Equity and Leonard Green.
- Penfund as 2nd lien agent and lender in connection with the acquisition by Ontario Teachers’ Pension Plan Board of 24-7 Intouch Inc., and subsequent tuck-in acquisitions and related 1st lien/2nd lien incremental financings.
- Penfund as 2nd lien agent and lender, alongside Owl Rock, in connection with the acquisition by Thomas H. Lee Partners of Give and Go Prepared Foods.
- Maple Leaf Foods in its sustainability-linked credit facilities, the first ever such facilities provided to a Canadian borrower.
- Royal Bank of Canada in senior secured credit facilities provided to finance the cross-border merger of equals of U.S. and Canadian toy companies.
- Constellation Brands, Inc. in financing arrangements for the sale of its Canadian wine business to Ontario Teachers’ Pension Plan for approximately $1 billion.
- China Molybdenum Co., Ltd. in financing arrangements for the sale by Louis Dreyfus Company of its global metals business to NCCL Natural Resources Investment Fund for $466 million.
- China Molybdenum in credit facilities for its $2.65 billion acquisition of Freeport-McMoRan’s indirect 56% interest in the Tenke Fungurume copper-cobalt mine.
- China Molybdenum in credit facilities for its $1.5 billion acquisition of Anglo American’s Brazilian niobium and phosphates businesses.
- Mitel Networks Corporation in financing arrangements for its acquisition of ShoreTel, Inc. for $530 million.
- Mitel Networks Corporation in financing arrangements for its proposed $1.96 billion acquisition of Polycom.
- Mitel Networks Corporation in 1st lien/2nd lien financings for its acquisition by Searchlight Capital.
- The lenders in a £10 billion credit facility provided to a consortium bidding to acquire an airport operator.
- The administrative agents in US$3.4 billion, $2.5 billion and $1 billion credit facilities provided to leading U.S. investment banks, and in $4.2 billion, $1.4 billion, $1 billion and $700 million acquisition finance facilities, a $900 million borrowing-base revolving credit facility provided to a leading U.S. private equity firm, and a $2.5 billion multicurrency revolver provided to a leading U.S. electronics retailer.
- A hedge fund as borrower under a $250 million borrowing-base multicurrency revolving credit facility.
- A provider of fixed satellite services in the financing of its acquisition of another satellite service provider, in a $7.1 billion leveraged finance transaction.
- U.S. and other institutional investors in U.S. 4(2) private placements of debt aggregating in excess of $15 billion, including: a $1.2 billion private placement (then the largest ever such transaction); transactions involving issuers in Australia, Austria, Chile, England, El Salvador, Germany, Iceland, New Zealand, Panama, Spain and Turkey; transactions involving political risk insurance; transactions denominated in Euros, Sterling, and Australian, Canadian and New Zealand dollars; the private placements of several National Football League teams, of a leading Australian toll road operator and of a Los Angeles-based real estate investment trust; and the Tier 1 Capital fundraisings of Icelandic banks.
- 34 U.S. institutional investors in the renegotiation of $800 million in private placement debt of a “big four” professional services firm in the separation of its consulting business.
- A leading U.S. private equity firm and Canadian pension fund on the U.S. aspects of the financing for their $324 million acquisition of a provider of cross-border logistics services.
- A global financial services firm as secured lender in the Chapter 11 bankruptcy proceedings of a major U.S. subprime mortgage lender, in connection with credit bidding in an auction under Section 363 of the U.S. Bankruptcy Code.
- The Canadian and U.S. lenders on a $2.45 billion bridge finance facility provided to the winning bidders in the “P3” privatization of Ontario’s Highway 407 Electronic Toll Road; and the U.S. underwriters in the U.S. bond market take-out financing of the bank bridge facility.
- A leading Canadian financial institution in connection with public debt, preferred stock and equity treasury financings aggregating approximately $2 billion, with respect to OTC derivatives and EMTN programs, and with respect to issuances of principal-protected managed futures CDs and commodity-linked notes.
- A Canadian toy manufacturer in connection with split-lien U.S. ABL and Canadian debenture financings provided upon exit from plan of arrangement proceedings under the Canada Business Corporations Act and concurrent proceedings under Chapter 15 of the U.S. Bankruptcy Code.
Industries & Practices
Banking & Financial Institutions
Explore This Practice View client achievements related to this practice View resources related to this practiceBankruptcy & Financial Restructuring
Explore This Practice View client achievements related to this practice View resources related to this practiceCanada Cross-Border Transactions
Explore This Practice View client achievements related to this practice View resources related to this practiceEnvironmental, Social, Governance (ESG)
Explore This Practice View client achievements related to this practice View resources related to this practice- Banking & Financial Institutions
- Bankruptcy & Financial Restructuring
- Canada Cross-Border Transactions
- Capital Markets
- Environmental, Social, Governance (ESG)
- Lending Transactions
- Private Equity
