Richard has over 27 years of experience advising lenders, issuers and borrowers in numerous areas of banking and financing law including structured finance, asset based lending, private credit, direct lending, complex domestic and cross border financings and securitization.
Richard is an expert in cross-border financing transactions. He represents both borrowers and lenders in a variety of secured transactions and his range of experience includes numerous domestic commercial lending transactions, domestic and cross-border syndicated loan transactions, domestic and cross-border private lending transactions and domestic and cross-border public and private asset securitizations. Richard also assists a number of the firm’s retail clients and emerging company clients with their ongoing financing related matters. Richard has spoken extensively in the areas of corporate lending and personal property security law.
Areas of Expertise
Representative Work
- Mevotech LP
Penfund in connection with TorQuest’s acquisition of Mevotech
- NOVA Chemicals Corporation
NOVA Chemicals Corporation in its Offering of US$400 million Senior Secured Notes and its Offering of US$650 million of Senior Unsecured Notes
- TerraFarma
TerraFarma in its up to $68 million acquisition by Aurora Cannabis
- Interac Corp.
Interac Corp. in Canada's new real-time payments system
- Properly
Properly in its $100 million financing round
- Royal Bank of Canada, Bank of Montreal, The Bank of Nova Scotia, The Toronto-Dominion Bank, National Bank of Canada and Canadian Imperial Bank of Commerce
Canada’s Big 6 “D-SIB Banks” in connection with the Canadian Emergency Business Account program initiated by Export Development Canada on behalf of Canada
- Entertainment One
Entertainment One in its US$4 billion acquisition by Hasbro
- Entertainment One Ltd.
Entertainment One in its US$215 million proposed acquisition of Audio Network
- Ensign Energy Services Inc.
Ensign Energy Services Inc. in its acquisition of Trinidad Drilling Ltd. for $947 million
- Dominion Voting Systems
Dominion Voting Systems in its acquisition by its management team and Staple Street Capital
- The Stars Group Inc.
The Stars Group Inc. in its acquisition and refinancing of increased equity interest in CrownBet Holdings Pty Limited.
- Entertainment One Ltd.
Entertainment One in its acquisition of the remaining 49% minority interest in The Mark Gordon Company for US$209 million and related financings for the acquisition
- Syndicate of underwriters co-led by CIBC World Markets Inc., Scotia Capital Inc., RBC Dominion Securities Inc. and TD Securities Inc.
Syndicate of underwriters co-led by CIBC World Markets Inc., Scotia Capital Inc., RBC Dominion Securities Inc. and TD Securities Inc. in connection with the $250 million public offering
- Mitel Networks Corporation
Mitel Networks Corporation in connection with its acquisition of ShoreTel, Inc. for US$530 million
- National Tire Distributors Inc.
National Tire Distributors Inc. in its acquisition of Pneus Supérieurs Inc.
- American Capital, Ltd.
American Capital Ltd. and its Canadian Portfolio Company in its Sale of Service Experts
- Mitel Networks Corporation
Mitel in its proposed $1.96 billion acquisition of Polycom
- Entertainment One Ltd. (eOne)
Entertainment One Ltd. in connection with its acquisition of Alliance Atlantis
- Maple Leaf Foods Inc. in connection with its $2.4 billion amended and restated credit facility
- Investec, as Administrative Agent to Citi, HSBC Bank Canada, and ING Bank N.V. in connection with the Canadian financing aspects of a $800 million revolving credit facility and bridge financing made available to Endeavour in connection with its announced acquisition of all of the issued and outstanding securities of Teranga by way of a Plan of Arrangement under the CBCA
- Gap Inc. in connection with the Canadian financing aspects of its US$1.868 billion asset-based revolving credit facility
- Lead counsel to Mitel Networks Corporation in connection with financing its acquisition of ShoreTel, Inc. for US$530 million
- Lead counsel to the issuer in connection with a note issuance of over $200,000,000 under the issuer’s Canadian rental fleet securitization program
- Winnipeg Jets (acted for shareholder) in connection with financing for this NHL franchise
- Acted for certain Canadian mining companies in connection with their multi-jurisdictional credit facilities
- Acting for numerous banks/financial institutions/lenders including: Bank of Montreal, CIBC, JPMorgan Chase Bank, LBC Credit Partners, Morgan Stanley, National Bank, CRG Partners, Royal Bank of Canada, The Bank of Nova Scotia. The Toronto-Dominion Bank and Wells Fargo
- Acting for numerous retail clients in connection with their financing related activities in Canada including: Aaron’s Inc., American Eagle Outfitters Inc., Ann Inc., Avis Budget Group, Inc., Bulk Barn Foods Limited, Foot Locker, Inc., Tim Hortons and Yogurtworld Enterprises Inc.
- Acting for numerous start-up entities on their financing transactions
Penfund in connection with TorQuest’s acquisition of Mevotech
NOVA Chemicals Corporation in its Offering of US$400 million Senior Secured Notes and its Offering of US$650 million of Senior Unsecured Notes
TerraFarma in its up to $68 million acquisition by Aurora Cannabis
Interac Corp. in Canada's new real-time payments system
Properly in its $100 million financing round
- Royal Bank of Canada, Bank of Montreal, The Bank of Nova Scotia, The Toronto-Dominion Bank, National Bank of Canada and Canadian Imperial Bank of Commerce
Canada’s Big 6 “D-SIB Banks” in connection with the Canadian Emergency Business Account program initiated by Export Development Canada on behalf of Canada
- Entertainment One
Entertainment One in its US$4 billion acquisition by Hasbro
- Entertainment One Ltd.
Entertainment One in its US$215 million proposed acquisition of Audio Network
- Ensign Energy Services Inc.
Ensign Energy Services Inc. in its acquisition of Trinidad Drilling Ltd. for $947 million
- Dominion Voting Systems
Dominion Voting Systems in its acquisition by its management team and Staple Street Capital
- The Stars Group Inc.
The Stars Group Inc. in its acquisition and refinancing of increased equity interest in CrownBet Holdings Pty Limited.
- Entertainment One Ltd.
Entertainment One in its acquisition of the remaining 49% minority interest in The Mark Gordon Company for US$209 million and related financings for the acquisition
- Syndicate of underwriters co-led by CIBC World Markets Inc., Scotia Capital Inc., RBC Dominion Securities Inc. and TD Securities Inc.
Syndicate of underwriters co-led by CIBC World Markets Inc., Scotia Capital Inc., RBC Dominion Securities Inc. and TD Securities Inc. in connection with the $250 million public offering
- Mitel Networks Corporation
Mitel Networks Corporation in connection with its acquisition of ShoreTel, Inc. for US$530 million
- National Tire Distributors Inc.
National Tire Distributors Inc. in its acquisition of Pneus Supérieurs Inc.
- American Capital, Ltd.
American Capital Ltd. and its Canadian Portfolio Company in its Sale of Service Experts
- Mitel Networks Corporation
Mitel in its proposed $1.96 billion acquisition of Polycom
- Entertainment One Ltd. (eOne)
Entertainment One Ltd. in connection with its acquisition of Alliance Atlantis
- Maple Leaf Foods Inc. in connection with its $2.4 billion amended and restated credit facility
- Investec, as Administrative Agent to Citi, HSBC Bank Canada, and ING Bank N.V. in connection with the Canadian financing aspects of a $800 million revolving credit facility and bridge financing made available to Endeavour in connection with its announced acquisition of all of the issued and outstanding securities of Teranga by way of a Plan of Arrangement under the CBCA
- Gap Inc. in connection with the Canadian financing aspects of its US$1.868 billion asset-based revolving credit facility
- Lead counsel to Mitel Networks Corporation in connection with financing its acquisition of ShoreTel, Inc. for US$530 million
- Lead counsel to the issuer in connection with a note issuance of over $200,000,000 under the issuer’s Canadian rental fleet securitization program
- Winnipeg Jets (acted for shareholder) in connection with financing for this NHL franchise
- Acted for certain Canadian mining companies in connection with their multi-jurisdictional credit facilities
- Acting for numerous banks/financial institutions/lenders including: Bank of Montreal, CIBC, JPMorgan Chase Bank, LBC Credit Partners, Morgan Stanley, National Bank, CRG Partners, Royal Bank of Canada, The Bank of Nova Scotia. The Toronto-Dominion Bank and Wells Fargo
- Acting for numerous retail clients in connection with their financing related activities in Canada including: Aaron’s Inc., American Eagle Outfitters Inc., Ann Inc., Avis Budget Group, Inc., Bulk Barn Foods Limited, Foot Locker, Inc., Tim Hortons and Yogurtworld Enterprises Inc.
- Acting for numerous start-up entities on their financing transactions
Awards and Recognition
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The Canadian Legal Lexpert Directory: Recognized in Asset Securitization; Asset-Based Lending; Banking & Financial Institutions
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The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada: Recognized in Banking and Finance
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Best Lawyers in Canada: Recognized in Banking and Finance Law
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IFLR 1000: The Guide to the World’s Leading Financial Law Firms: Recognized in Financial Services Regulatory (Highly Regarded)
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Who’s Who Legal: Recognized in Banking (Canada)
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Thomson Reuters: “Stand-out Lawyer”
Media Mentions
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Osler News Jun 29, 2023
29 Osler lawyers recognized in Lexpert Special Edition: Technology and Health 2023
Congratulations to 29 of our lawyers for their inclusion in the Lexpert Special Edition: Technology and Health 2023.
Read more -
Osler News Apr 19, 2023
42 Osler lawyers recognized by Lexpert as leaders in Finance and M&A
Osler is proud to announce 42 of our lawyers have been recognized as leaders in the Lexpert Special Edition: Finance and M&A 2023.
Read more -
Osler News Jun 15, 2022
28 Osler lawyers recognized by Lexpert as leaders in Technology and Health Sciences
The Lexpert Special Edition: Technology and Health Sciences 2022 recognizes 28 Osler lawyers as leaders.
Read more
Credentials
Education
- University of Western Ontario, LL.B. (with distinction)
- University of Western Ontario, B.Sc.
Languages
- English
Professional Affiliations
- Canadian Bar Association
- Law Society of Ontario
