Commercial Finance

Finance is at the heart of every economy, providing the means to help businesses expand and investors grow. Squared’s Commercial Finance team operates at the industry’s forefront, working with innovative finance products across the world.

Our integrated global team of Commercial Finance lawyers and professionals offers an expansive breadth of insight, helping our clients to structure and document transactions that help to provide financing to virtually every industry. Since Squared represents both finance providers and users, you benefit from counsel that understands the needs and wants of each party. Whether yours is a domestic bank in Hong Kong, a government development bank in Moscow, or banks in several other locations, our team understands you.

Squared’s extensive, deep sector-specific experience also ensures you’re working with a team that’s fluent in your language and understands the local market. In fact, emerging jurisdictions often engage Squared to assist in the development of banking and finance legislative frameworks.

OUR EXPERTISE INCLUDES

• Acquisition finance
• Asset-based lending
• Asset finance
• Bank formation
• Bilateral and syndicated lending
• Debt capital markets
• Financial institutions regulation
• Fund finance
• Private placements
• Project finance
• Real estate finance
• Trade finance
• Consumer finance

We are at the center of many of the market’s most innovative transactions. 

EXPERIENCE

• Multinational financial institution: 
  Squared and Nextlaw In-House Solutions, including a team of former GCs, supported the board and audit committee in their oversight of regulatory compliance programs to fulfill prudential regulator expectations. The client’s audit committee praised our team for the novelty and substantive value of our methodology and findings, which surpassed the capabilities of traditional strategic consultancies while also offering the protection of attorney-client privilege. Our report was provided to and comprehensively reviewed by the regulator. www.nextlawinhouse.com
  
• AirAsia Berhad: 
  Advising the airline on the ECA supported financing of up to 18 Airbus A320 aircraft. The transaction has involved leasing aircraft into Malaysia, as well as Japan, Indonesia and Thailand, where other operators in the AirAsia family are based. The transaction will also involve leasing aircraft into the Philippines during the course of 2013.
  
• Bouygues Bâtiment Ile-de-France: 
  Representing Société Générale, BBVA, SMBC, HSBC France, BTMU, BayernLB and Nord/LB as lenders to a consortium composed of Bouygues Bâtiment Ile-de-France, EXPRIMM, DIF and Uberior Infrastructure in connection with the €600 million public-private partnership financing of the construction and maintenance of the future Paris Courthouse.
  
• China Development Bank: 
  Advising on a CA$352 million secured credit facility to Canadian Royalties Inc., a subsidiary of Jilin Jien Nickel Industry Co. Bank.
  
• Club of lenders: 
  Advising a club of lenders in relation to an up to $250 million syndicated borrowing base facility to a large international trading company to finance storage and distribution of petroleum products in Latin America. The firm has been frequently advising on various borrowing base financings to commodity traders as this form of financing has been gaining popularity in the past few years.
  
• Continental AG: 
  Representing on senior secured notes issuance by a US subsidiary having an aggregate value of US$950 million in the Czech Republic, Hungary, Germany, Poland, Romania, Slovakia and Spain.
  
• Confidential Client: 
  Counsel to the lenders in a CAN$1.5 billion amended and restated senior credit facility related to Element Financial Corporation’s acquisition of PHH Arval, PHH Corporation’s North American fleet management services business.
  
• Eurohypo AG: 
  Representing two syndicates of international banks, led by Eurohypo AG as the Facility Agent, in the extension of over €700 million to a major Polish developer-investor for the financing of a portfolio of 28 shopping centres located throughout Poland.
  
• European-based IFI: 
  Representing in connection with its €400 million “Turkey Agribusiness SME Financing Facility.”
  
• FirstRand Bank Limited: 
  Acting in connection with the establishment and annual updates of, and note issues under, its US$1.5 billion EMTN Programme. Again these transactions demonstrate our proven track-record of acting for DCM financial institution issuers.
  
• JPMorgan Chase: 
  Advising as administrative agent on a CA$800 million five-year revolving credit facility for Lionsgate Entertainment Corporation. This is one of the largest revolving credit facilities raised by an entertainment company in more than a decade. The new facility replaces Lionsgate’s previous CA$340 million revolving credit facility.
  
• Keybank: 
  Advising on a $60 million Build America Bond transaction for the Navajo Nation, the first large scale loan to be governed solely by tribal law and tribal courts. This transaction was awarded the “Deal of the Year” award in 2011 by the Native American Finance Officers Association.

AWARDS AND ACCOLADES

• Chambers Canada, Nationwide: Banking and Finance, Chambers and Partners, 2021
• Chambers Canada, Nationwide: Capital Markets, Chambers and Partners, 2021
• Chambers Canada, Banking Law Firm of the Year award, Chambers and Partners, 2019
• Chambers Global, Canada: Capital Markets, Chambers and Partners, 2020
• IFLR 1000, Canada: Capital Markets, Euromoney Institutional Investor PLC, 2020
• Legal 500 Canada, Capital Markets, The Legal 500, 2020