Eric B. Friedman
Office Management Partner
Toronto
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Tel :
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416.307.4030
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Fax :
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416.865.7048
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Professional Activities
Eric Friedman is a partner in the Financial Services Group in the firm's Toronto office. He has been a partner since 1995.
Eric's lending and corporate/commercial practice involves many aspects of business law, including secured lending, mergers and acquisitions, corporate reorganizations and general commercial law matters.
He has a wide variety of local and international clients that include Canadian chartered banks, international manufacturing companies, agricultural businesses, the trucking industry and the pharmaceutical business amongst several others. Eric also regularly acts as Canadian counsel on cross-border secured lending transactions.
Memberships
- Ontario Bar Association, Personal Property Security Law Sub-Committee
- Canadian Bar Association
- American Bar Association, Business Law Section
Representative Transactions
Eric Friedman has acted on the following transactions:
- Acted for Century Mining Corporation in the completion of debt and equity financings totalling C$60.75 million including a US$33 million prepaid gold forward facility with Deutsche Bank AG, London Branch and a C$17 million private placement in December 2009.
- Acted for the Allen-Vanguard Corporation in its recapitalization and acquisition by Versa Capital Management, Inc. in December 2009.
- Acted for Teck Resources Limited in the completion of a private placement offering in the U.S. and Canada of US$4.225 billion in aggregate principal amount of senior secured notes in May 2009.
- Acted for Teck Cominco Limited in the US$9.81 billion debt financing of its acquisition of Fording Canadian Coal Trust.
- Acted for Allen-Vanguard Corporation in its US$600 million acquisition of Med-Eng Systems Inc. and the subsequent refinancing of the debt incurred in such acquisition.
- Acted for CCL Industries Inc. in its issuance of an aggregate of US$130 million of senior guaranteed notes to institutional investors in the United States by way of private placement.
- Acted as Canadian counsel to a U.S. bank in connection with US$26 million credit facilities established for a customer operating in Canada and the U.S.
- Acted for Richards Packaging Income Fund in its acquisition of The E.J. McKernan Co. for US$30 million in cash and securities convertible into units of the fund.
- Acted for Great Canadian Gaming Corporation in its refinancing of its corporate indebtedness by establishing a C$200 million revolving credit facility and a US$170 million term loan. Great Canadian also issued US$170 million senior subordinated notes for total aggregate proceeds of approximately C$600 million.
- Acted for Newport Partners Income Fund when it completed its C$213 million initial public offering and its trust units became listed on the Toronto Stock Exchange.
- Acted for a Canadian-based pipe coating and manufacturing company in connection with syndicated credit facilities in the maximum aggregate amount of US$190 million guaranteed by affiliated companies in multiple jurisdictions.
- Acted for a North American trucking company regarding the establishment of US$160 million syndicated term and revolving cross-border credit facilities.
- Acted for a Canadian public company with worldwide operations in the specialty packaging business in connection with a C$95 million revolving line of credit provided by a Canadian Chartered Bank.
- Acted for Associated Proteins Limited Partnership in its C$64 million plus working capital asset purchase by Viterra Inc. in June 2009.
- Acted for an Ontario corporation in connection with its acquisition from a court-appointed receiver of assets from a manufacturing company, including negotiating and structuring the necessary financing from an asset-based lender and a subordinated lender and the related inter-lender arrangements.
- Acted for a Manitoba-based limited partnership in the agricultural industry in connection with the negotiation and structuring of various revolving, term and subordinated credit facilities, including structuring the inter-lender arrangements.
- Acted for a Canadian chartered bank in connection with term loans totaling C$47.5 million to an Ontario-based publicly-traded company with a subsidiary regulated under the federal Trust and Loan Companies Act.
publications and presentations
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