Scott  Horner

Scott Horner, Partner, Financial Services

Contact Information

  • tel: 416.862.6596
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Bar Admission

Ontario, 1989

Education

  • Queen’s University, LL.B.
  • Queen’s University, B.A.

Office

Toronto

Language(s)

English

Biography

Scott's practice is focused on acting for domestic and U.S. financial institutions and issuers on asset-based lending, acquisition financings, second lien loans, bond financings and DIP finance transactions. Scott has represented asset-based lenders on financing commitments that total in excess of seven billion dollars and have been made available to mid-market and large cap borrowers operating in the manufacturing, retail and service sectors, including the largest Canadian ABL in history.

Notable Matters

  • Royal Bank of Canada, as Administrative Agent, under a $170 million receivables based credit facility provided to the Canadian finance subsidiary of a multinational computer technology company
  • Barclays Bank PLC, as Administrative Agent and Collateral Agent, under $3 billion senior secured multi-currency credit facilities provided to The Carlyle Group for the purpose of acquiring the worldwide performance coatings business of DuPont
  • Open Text Corporation and its subsidiaries under US$1.5 billion secured revolving and term loan A and B credit facilities
  • Morgan Stanley Senior Funding, Inc., as Administrative and Collateral Agent, under a $50 million asset based credit facility and a $125 million secured term loan provided to SMART Technologies
  • Deutsche Bank Trust Company Americas, as Administrative and Collateral Agent, under a US$350 million asset based credit facility provided to Essar Steel Algoma Inc.
  • Wells Fargo Capital Finance Corporation Canada, as primary Collateral Agent and a Lender, under a $175 million asset based credit facility for Catalyst Paper Corporation
  • JPMorgan Chase Bank, N.A., as Administrative and Collateral Agent, under $2.540 billion senior secured revolving and term credit facilities provided to Telesat Canada
  • UBS Securities LLC and BMO Nesbitt Burns Inc., as initial purchasers of $230 million secured high yield notes and warrants issued by Xplornet Inc.
  • Prospect Capital Corporation, as lender of a US$54.5 million second lien term loan provided to Clearwater Seafoods Limited Partnership
  • UBS AG Canada Branch, as Administrative Agent and Collateral Agent, under a $220,000,000 asset based credit facility provided to Northern Crane Services Inc.
  • ABN AMRO Bank N.V., as Administrative Agent, and Wells Fargo Retail Finance LLC, as Collateral Agent, under $2.312 billion acquisition and asset based credit facilities provided to Maple Leaf Heritage Investments Acquisition Corporation for purposes of its acquisition of Hudson’s Bay Company and working capital for the Bay following that acquisition
  • GE Corporate Finance, as Administrative and Collateral Agent, under a $700 million DIP credit facility and a $425 million CCAA Exit credit facility provided to Air Canada

Affiliations

  • Canadian Bar Association
  • American Bar Association
  • Law Society of Upper Canada

Industry Recognition

  • The Best Lawyers in Canada 2014: Equipment Finance Law
  • The Canadian Legal Lexpert Directory 2014: Asset-Based Lending; Banking & Financial Institutions
  • Chambers Global: The World’s Leading Lawyers for Business 2010: Banking & Finance

Publications/Events/Education

Scott chaired the first Asset-Based Lending Conference held in Canada and has lectured on lending generally, and asset-based finance specifically, at various industry-sponsored conferences and professional development programs.