Howard S. Silverman

Partner

Toronto
hsilverman@blg.com
416.367.6119

Howard represents banks and other financial institutions, as well as borrowers, in a variety of lending transactions, including capital markets transactions, asset-based lending, commercial lending, acquisition financing and cross-border financing. 

Experience

  • Represented Canada Enterprise Emergency Funding Corporation in connection with $100 million LEEFF loans to Sunwing Vacations Inc. to enable Sunwing Vacations Inc. to provide refunds to eligible customers.
  • Advised Canada Enterprise Emergency Funding Corporation in the development and implementation of the Large Employer Emergency Funding Facility in connection with COVID-19 pandemic
  • Represented Canada Enterprise Emergency Funding Corporation in connection with $700 million LEEFF loans to Transat A.T. Inc.
  • Represented Canada Enterprise Emergency Funding Corporation in connection with $375 million LEEFF loans to Sunwing Vacations Inc. and Sunwing Airlines Inc.
  • Represented The Bank of Nova Scotia and Bank of Montreal, as co-lead arrangers, and The Bank of Nova Scotia, as administrative agent, in connection with US$482 million term loan and US$343 million revolving credit facility in connection with acquisition by New Flyer group of companies of Motor Coach/MCI group of companies.
  • Represented The Bank of Nova Scotia and The Toronto-Dominion Bank, as co-lead arrangers, and The Bank of Nova Scotia, as administrative agent, in connection with a US$1.2B credit facility for Agnico Eagle Mines Limited.
  • Represented co-lead arrangers and administrative agent in connection with term and revolving credit facilities in connection with the acquisition of a bus manufacturing company.
  • Represented Bank of America, as administrative agent, in connection with the US$330M acquisition financing by Bauer Sports of Easton baseball.
  • Represented PNC Bank, National Association, as administrative agent for s syndicate of lenders in connection a US$400 million revolving credit facility and a €220 million term loan facility to the P.H. Glatfelter group of companies.
  • Represented a U.S. financial institution, as administrative agent, in connection with a US$625M credit facility to a diversified food service equipment company.
  • Represented a U.S. financial institution, as administrative agent, in connection with a US$350M credit facility to a global business advisory firm.
  • Represented a U.S. bank, as administrative agent, in connection with a US$850M real estate-based financing.
  • Represented a U.S. bank, as administrative agent, in connection with a US$2B real estate-based financing.
  • Represented a U.S. insurance company in connection with a $300M loan to a storage company, secured by 50 properties across Canada.
  • Represented a supplier of school, office and consumer products in connection with a US$1.02B syndicated-acquisition financing.
  • Represented a U.S. bank, as collateral agent, in connection with the US$1.8B acquisition by Lundin Mining of a copper mine in Chile.
  • Represented a manufacturer of ventilation system products in connection with a US$250M syndicated asset-based credit facility.
  • Represented CIBC, as agent, in connection with a US$180M asset-based credit facility to Noranda Operating Trust.
  • Represented a modular building and storage container company in connection with a syndicated asset-based credit facility, restructuring and recapitalization.
  • Represented Globalive Capital in the restructuring and recapitalization of Wind Mobile.
  • Represented a company that produces unsaturated polyester resins for composites and coating resins in its restructuring and recapitalization.
  • Represented a heavy construction and mining services company in connection with its credit facilities with a syndicate of lenders.
  • Represented an investment advisory firm in connection with its credit facilities with its lender.
  • Represented the agent for a syndicate of lenders in connection with a cross-border credit facilities to a logistics company.
  • Represented the agent for a syndicate of lenders in connection with a cross-border credit facility to a bridge building and renovating company.
  • Represented the agent for a syndicate of lenders in connection with a cross-border credit facility to a digital imaging and video equipment rental company.
  • Acted for the lender in connection with a credit facility to a zinc mining company.
  • Acted for the agent in connection with a syndicated credit facility to a waste management company.
  • Acted for the agent in connection with a syndicated credit facilities to a construction company.
 

Beyond Our Walls

Professional Involvement

  • Member, Law Society of Upper Canada
  • Member, Canadian Bar Association
  • Member, Ontario Bar Association

Awards & Recognitions

  • Selected by peers for inclusion in the 2022 (and since 2011) editions of The Best Lawyers in Canada® (Banking and Finance Law).
  • Recognized in the 2021 (and since 2016) editions of The Canadian Legal Lexpert® Directory (Asset-Based Lending, Asset Equipment Finance/Leasing)
  • Recognized in the 2020 (and since 2016) editions of Chambers Canada Canada's Leading Lawyers for Business (Banking and Finance).
  • Recognized in the 2018 (and since 2015) editions of Chambers Global The World's Leading Lawyers for Business (Banking and Finance).
  • Recognized in the 2016 edition of Who's Who Legal: Canada (Banking).
  • Recognized in the 2016 edition of the Legal 500 Canada (Banking and Finance).
  • Martindale-Hubbell® BV® Distinguished™ Peer Review Rated.

Bar Admission & Education

  • Ontario, 1991
  • LLB, University of Toronto
  • MA, Brandeis University
  • BA (Hons.), York University