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:

  • Chambers Canada: Canada's Leading Lawyers for Business 2020 (Banking & Finance) - "Michael Harquail is a seasoned practitioner who remains at the fore of the Canadian banking and finance market. He is a trusted adviser to a number of the country's largest financial institutions, as well as those from the USA. Sources note him as a "great technical lawyer"”

  • IFLR1000: The Guide to the World's Leading Financial and Corporate Law Firms - 2020 Edition (Banking: Project Finance)

  • The Legal 500 Canada 2020 (Banking and Finance)

  • The Best Lawyers in Canada 2020 (Asset-Based Lending Practice; Banking and Finance Law)

  • Chambers Global: The World's Leading Lawyers for Business 2019 (Banking and Finance) - “Michael Harquail is recognised by clients as ‘a very strong lawyer who advocates hard for his clients and is very professional to work with.’ He is renowned among his peers for his work on syndicated credit facilities, as well as having expertise in structured financing and asset-based lending.”

  • The Canadian Legal Lexpert Directory 2019 (Asset-Based Lending and Banking & Financial Institutions - Most Frequently Recommended)

  • The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada 2019 (Banking and Financial Institutions - Most Frequently Recommended)

  • Who’s Who Legal: Banking 2019

  • Who’s Who Legal: Project Finance 2019

  • Who's Who Legal: Canada 2018 (Banking)

  • 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."