Michael R. Harquail
Partner | Toronto
Toronto: 416-863-2929

Michael advises a variety of financial institutions and corporate clients on corporate lending, debt restructuring and general corporate matters with special expertise in structuring and documenting domestic financing transactions, cross-border financing transactions, syndications, acquisition financings, asset-based financings, project financings, high-yield offerings, subordinated debt arrangements and structured finance.

Michael has advised lenders and borrowers in financing transactions across a wide range of industries and sectors, including aerospace, agriculture, automotive, energy, financial services, general manufacturing, health care, mining, pulp and paper, retail, steel, technology, telecommunications, and transportation.

Michael was a member of the Firm's Executive Committee for several years.

SELECT EXPERIENCE

Representative matters include:

  • Canadian Imperial Bank of Commerce, as agent, in connection with credit facilities totalling C$900-million for Richardson International Limited
  • Bank of Nova Scotia, as agent, in connection with a US$1.2-billion credit facility provided to Teck Resources Limited
  • Linamar Corporation on its C$700-million syndicated revolving credit facility with a group of lenders led by Bank of Montreal
  • IAMGOLD Corporation on its US$500-million syndicated credit facility provided by a group of lenders led by the National Bank of Canada
  • HSBC Securities (USA) Inc., as joint lead arranger, and HSBC Bank Canada, as administrative agent, in connection with a US$375-million syndicated revolving credit facility provided to Eldorado Gold Corporation
  • GE Canada Finance Holding Company, as agent, in connection with credit facilities aggregating in excess of US$300-million provided to Clearwater Seafoods Limited Partnership
  • Caisse centrale Desjardins, as agent, in a C$250-million credit facility in favour of Vancouver City Savings Credit Union
  • GE Canada Finance Holding Company, as agent, on a C$200-million asset-based secured revolving credit facility for Tembec Inc.
  • RBC Capital Markets, as agent, in connection with a C$155-million credit facility in favour of MOSAID Technologies Incorporated
AWARDS & RECOGNITION

Michael is recognized for his skills in corporate banking, asset-based lending and project finance by many organizations and publications, including:

  • The Best Lawyers in Canada 2018 (Asset-Based Lending Practice; Banking and Finance Law)
  • Chambers Canada: Canada's Leading Lawyers for Business 2017 (Banking & Finance) - "Michael Harquail is described as 'extremely expert in the field, with a lot of acumen; he's been doing this a long time, and is very seasoned and very thoughtful in his approach.'"
  • Chambers Global: The World's Leading Lawyers for Business 2017 (Banking & Finance)
  • The Canadian Legal Lexpert Directory 2017 (Asset-Based Lending and Banking & Financial Institutions - Most Frequently Recommended; Project Finance - Repeatedly Recommended)
  • The 2017 Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada (Banking and Financial Institutions)
  • IFLR1000: The Guide to the World's Leading Financial Law Firms - 2017 Edition (Banking; Project Finance)
  • The Legal 500 Canada 2017 (Banking and Finance)
  • Who's Who Legal: Canada 2017 (Banking; Project Finance)
  • Who's Who Legal: Banking 2017
  • Chambers Global: The World's Leading Lawyers for Business 2016 (Banking & Finance) - "Michael Harquail is 'very smart and well respected' in the banking and finance world, with notable expertise in project and structured finance, and high-yield debt offerings."
  • Legal Media Group's Guide to the World's Leading Lawyers in Banking, Finance and Transactional Law

Michael is named Best Lawyers’ 2018 Toronto Asset-Based Lending Practice "Lawyer of the Year."