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Kevin J. Morley

Kevin J. Morley

Partner, Financial Services

Key Contact: Asset-based Lending


Contact Information

kmorley@osler.com

tel: 416.862.6488

Office

Toronto

Bar Admission

Ontario, 1987

Education
  • University of Western Ontario, LL.B - with distinction (Silver Medal)

Language(s)
English

Kevin J. Morley is a senior partner in Osler’s Financial Services Group. As a leading debt finance lawyer with 30 years of experience, Mr. Morley is a key advisor to numerous financial institutions, funds and other credit providers. As such, he has significant experience in: multijurisdictional asset-based, project, merger and acquisition, commercial, cash flow, equipment, subordinate and mezzanine financings; financial institution regulation; capital market transactions; acquisitions, establishment and divestitures of finance businesses and portfolios; and financial institution licensing and regulation. Mr. Morley also has a significant insolvency and restructuring background, having represented both debtors and creditors in connection with the restructuring or recovery of tens of billions of dollars of debt.

  • Essar Steel Algoma

    Algoma Steel Inc. and certain senior secured term lenders in Canada in Algoma’s acquisition of substantially all the assets of Essar Steel Algoma in connection to a restructuring under the CCAA

  • Concordia International Corp.

    Osler advises the Secured Debtholder Committee of Concordia International Corp. in connection with US$3.7 billion recapitalization transaction

    • Acting for Sears Canada in connection with its debtor-in-possession loans and CCAA proceedings.
    • Acting for Wells Fargo, N.A. in connection with U.S. $1.45 billion asset-based loan to Bass Pro Group in connection with its acquisition of Cabellas.
    • Comark Inc., one of Canada's leading specialty apparel retailers, in connection with its CCAA proceedings.
    • Acting for Deutsche Bank AG, as Administrative Agent and Collateral Agent, in connection with a U.S. $200 million debtor-in-possession financing of Essar Steel Algoma and certain of its affiliates to facilitate a restructuring under the Companies’ Creditors Arrangement Act.
    • Acting for Bank of America, N.A., as Term Agent, in connection with U.S. $1.035B of initial term loans to facilitate Hudson’s Bay Company’s acquisition of Galeria Kaufhof GmbH and certain of its affiliates.
    • Acting for Barclays Bank, PLC, as Agent, in connection with its U.S. and Canadian asset-based loans to facilitate Centerbridge Partners LP’s acquisition of KIK Custom Products Inc. and certain of its affiliates.
    • Acting on behalf of Bank of America, N.A., as Agent, in connection with a U.S. $600 million senior secured asset-based revolving credit facility in favour of Resolute Forest Products Inc. and Resolute FP Canada Inc.
    • Acting for Bank of America, N.A. (including its Canada Branch) as Canadian and U.S. ABL Agents and First and Second Lien Term Agents in connection with the financing (in an aggregate amount exceeding U.S. $3.25B) of Hudson's Bay Company’s acquisition of Saks Incorporated.
    • Acting for RBC, as Agent, and Lenders in connection with the financing of TriWest Capital Partners’, Alberta Teachers' Retirement Fund’s and Northwest Capital Appreciation’s acquisition of NCSG Crane & Heavy Hauling Corporation.
    • Acting for RBC, as Agent, and Lenders in connection with an asset-based loan facility in favour of Select Staffing.
    • Acting on behalf of RBC, as Agent, and Lenders in connection with Revolving and Term Loans to JBS Food Canada Inc. to facilitate its acquisition of the XL Foods plants.
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Chambers

  • Chambers Global:The World’s Leading Lawyers for Business, 2017-2019: Banking & Finance
    • "...represented Bank of America in an initial term financing of USD1.035 billion in connection with Hudson's Bay Company's acquisition of Galeria Kaufhof. He is well known in the market for his asset-based lending expertise."
  • Chambers Canada: Canada’s Leading Lawyers for Business, 2016-2019: Banking & Finance: Nationwide - Canada

Lexpert

  • The Canadian Legal Lexpert Directory, 2017-2019: Asset-Based Lending; Asset Equipment Finance/Leasing; and Banking & Financial Institutions
  • The Lexpert Guide to the Leading US/Canada Cross-border Corporate Lawyers in Canada, Asset-Based Lending; Banking & Financial Institutions
  • The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada, Asset-based Lending; Banking and Financial Institutions
  • The Lexpert – Thomson Guide to the Leading 100 Canada-US Cross Border Corporate Lawyers in Canada

Legal 500

  • The Legal 500, 2019: Recommended Lawyer, Banking and Finance

IFLR

  • IFLR 1000: The Guide to the World’s Leading Financial Law Firms, 2018-2019: Highly regarded, Restructuring and Insolvency; Project Finance; Asset Finance

Best Lawyers

  • The Best Lawyers in Canada, 2006-2019: Asset-Based Lending Practice; Banking and Finance Law; and Equipment Finance Law
  • The Best Lawyers in Canada, 2012: “Lawyer of the Year”, Toronto, Equipment Finance Law

Expert Guides

  • Expert Guides: The Legal Media Group Guides to the World’s Leading Lawyers, 2018: Banking

PLC Which Lawyer

  • PLC Which Lawyer? – Finance

  • Canadian Bar Association
  • American Bar Association
  • American College of Commercial Finance Lawyers