Michael Hart

Michael Hart

Partner, Financial Services

Contact Information

mhart@osler.com

tel: 416.862.6740

Office

Toronto

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Areas of Expertise

Bar Admission

Ontario, 1995

Education

  • University of Toronto, LL.B.
  • University of Toronto, B.A. (Economics)

Language(s)

English

Michael’s practice encompasses a wide range of commercial transactions with an emphasis on debt financing transactions in both the domestic and cross-border markets and on mortgage-backed securitizations. He regularly advises leading U.S. and domestic credit corporations and financial institutions with respect to structured financings, commercial lending, mortgage-backed securitizations and asset-based lending. Michael also regularly provides advice in respect of Canada’s anti-money laundering and terrorist financing legislation.

     

    • The syndicate of lenders and the underwriters in connection with Brookfield Infrastructure’s $4.31 billion acquisition of Enbridge Inc.’s Western Canadian Midstream Business.
    • HPS Investment Partners, LLC in its financing to Madison Dearborn Partners for a management led buyout of its minority capital partner.
    • Advising the Initial Purchasers in connection with Canopy Growth’s $600 million convertible debenture offering.
    • JPMorgan Chase Bank, N.A. in respect of credit facilities totalling over US$2.2 billion to Telesat Canada.
    • Macquarie Capital (USA) Inc. in respect of a US$335 million term facility in favour of The Intertain Group Limited in connection with Intertain’s acquisition of the Jackpotjoy, Starspins and Botemania brands and related assets.
    • A joint venture of Goldman, Sachs & Co. and Fortress Investment Group LLC in the purchase of various pools of consumer receivables in Canada.
    • Fortress Credit Corporation in a secured revolving facility to a consumer loan company.
    • Goldman Sachs Lending Partners LLC, Morgan Stanley Senior Funding, Inc., Deutsche Bank Securities Inc. and Jefferies Finance LLC in connection with a $504 million first and second lien credit facilities to RGL Reservoir Management Inc., a successor by amalgamation to Regent Energy Group, Ltd.
    • Goldman Sachs and other initial purchasers in the acquisition of IronPlanet by Ritchie Bros. for approximately US$758.5 million
    • Ares Management LLC in a secured term loan facility to an automobile finance company
    • Goldman Sachs Lending Partners LLC and Bank of America Merrill Lynch, in connection with a $200 million revolving facility and $600 million term loan in favour of Atlantic Power L.P.
    • Fortress Credit Corporation in a secured term loan facility to the purchaser of a pool of Canadian credit card receivables.
    • Goldman Sachs Bank USA and RBC Capital Markets in connection with a $225 million asset-based revolving credit facility and the issuance of $305 million of second lien notes in connection with the purchase of a majority interest in NCSG Crane & Heavy Hauling Corporation by TriVest Capital Partners, Alberta Teachers’ Retirement Fund and Northwest Capital Appreciation. 
    • Goldman Sachs Lending Partners LLC, Morgan Stanley Senior Funding, Inc. and Jefferies Finance LLC in a $4,975,000,000 senior secured credit facility in favour of Valeant Pharmaceuticals International and in the placement by Valeant Pharmaceuticals International of $1,200,000,000 in senior notes, each in connection with the merger of Biovail Corporation and Valeant Pharmaceuticals.
    • JP Morgan Chase & Co. in the placement by Valeant Pharmaceuticals International of $2,250,000,000 in senior notes.
    • Maple Bank GmbH in four senior secured mortgage warehouse credit facilities to various Canadian mortgage lenders totally over $300 million.
    • Maple Bank GmbH in connection with four whole loan mortgage purchase transactions to various Canadian mortgage lenders totally over $600 million.
    • Maple Bank GmbH in four senior secured credit facilities to various Canadian broker-dealers in connection with the Federal Immigrant Investor Program and the Quebec Immigrant Investor Program.
    • Morgan Stanley Bank International Limited in a multi-tranche syndicated credit facility in connection with the US$3.7 billion acquisition of CHC Helicopter Corporation by First Reserve Corporation.
    • Goldman Sachs Credit Partners L.P. in a $400 million term loan facility in favour of, and the issuance of $413 million of senior secured notes by, Abitibi-Consolidated Company of Canada.
    • Goldman Sachs Credit Partners L.P. in a $1.8 billion multi-currency, multi-tranche credit facility in favour of CCS Inc. and the private placement by CCS Inc. of $312 million in senior subordinated notes.
    • Ontario Teachers’ Plan Board in the issuance of mortgage-backed notes.

  • Chambers Canada: Canada’s Leading Lawyers for Business: Recognized in Banking and Finance
  • Chambers Global: The World’s Leading Lawyers for Business: Recognized in Banking and Finance
  • The Canadian Legal Lexpert Directory: Recognized in Asset-Based Lending, Banking & Financial Institutions
  • Best Lawyers in Canada: Recognized in Banking and Finance Law
  • Legal 500: Recognized in Banking & Finance
  • IFLR: The Guide to the World’s Leading Financial Law Firms: Recognized in Financial Services Regulatory; Banking (Highly Regarded)

  • Canadian Bar Association
  • American Bar Association
  • Law Society of Ontario

  • Speaker at The Canadian Institute’s National Forum on Business and Commercial Aircraft Transactions, January 2012.
  • Lecturer at The Intensive Short Course in Commercial Loan Finance & Security hosted by Osgoode Hall Law School, November 2009.
  • Speaker at The Canadian Institute’s 11th Annual Commercial Loan Finance & Security intensive program, March 2009, November 2010.
  • Speaker at the Asset Backed Securitization conference hosted by The Canadian Institute on the topic of residential mortgage-backed securities, June 2008.