LEXPERT MAGAZINE
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JUNE 2016 29
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CORPORATE TRANSACTIONS OF IMPORTANCE
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Mathieu Lamothe, Wendy Kennish and
Christopher Pendenza. CN was repre-
sented in Canada by Stikeman Elliott
LLP with a team that included Jean Marc
Huot, Karine Bilodeau, Valérie Trudeau
and Natasha Gangai (corporate and secur-
ities) and Marie Andrée Beaudry and Phi-
lippe Kattan (tax), and in the United States
by Davis Polk & Wardwell LLP with a
team that included John Meade, Donald
Shum (corporate), Michael Farber, Arie
Rubenstein and Aaron Lee (tax) and Jake
Wang (1940 Act).
Sullivan & Cromwell LLP acted as
legal counsel to the agents. e team in-
cluded Robert Buckholz, Jingjing Lu, Elah
Lanis and Slki Hong.
HBC CLOSES US$1.9B
GLOBAL ABL FACILITY
CLOSING DATE: FEBRUARY 5, 2016
On February 5, 2016, Hudson's Bay Com-
pany (HBC) closed a new global asset
based loan facility with availability of up
to US$1.9 billion provided by a syndicate
of lenders led by Bank of America, N.A., as
ABL Agent. e new global ABL facility
provides credit facilities to HBC in Can-
ada and its subsidiaries throughout the
US and Germany and will also extend to
the newly acquired GILT Group in the US
and Ireland.
Stikeman Elliott LLP was lead coun-
sel for HBC. e Stikeman team was led
by Jennifer Legge and included Vanessa
Beamish, Slavica Stojimirovic and Logan
Copen (Banking - Toronto), Howard
Rosenoff and Elizabeth Labrie (Banking
- Montreal), Jamie Templeton (Banking
- Vancouver), Amy Nugent (Banking –
Calgary), Andrea Boctor and Aiden Ta-
lai (Pensions), Dean Kraus and Jonathan
Willson (Tax), and Justine Whitehead
and Gina Demczuk (IP). Willkie Farr &
Gallagher LLP represented HBC as US
and German counsel. e Willkie team
included David Tarr, Daniel Philion,
Jonathan Ross and Ryan Hartnett in the
US and Jasmin Dettmar, Patrick Mei-
isel, Christopher Clerihew and Katja
Wolf in Germany.
e ABL Agent was represented by
Riemer & Braunstein LLP and Nor-
ton Rose Fulbright. e Reimer team
included David Berman, Jason Del-
monico and Jaime Koff. e Norton
Rose team included Arnold Cohen and
Amanda Fortuna in Canada and Oli-
ver Sutter, Mid-Eum Joo and Bernhard
Fiedler in Germany.
AURCANA COMPLETES
RESTRUCTURING
CLOSING DATE: JANUARY 7, 2016
Aurcana Corporation (Aurcana), a Van-
couver-based, silver producing company
that owns the Shaer Silver Project,
a silver deposit located in Texas, US,
completed a restructuring transaction
pursuant to which all of Aurcana's se-
cured debt obligations to Orion Mine
