TransactionsBAL Global Finance Canada Corporation Arranges the Issuance of US$64,675,000 5.7% Senior Secured Notes by CPR Leasing Ltd.Published: 04/15/2010 By David Budd, Jonathan Fleisher BAL Global Finance Canada Corporation acted as the arranger for the issuance by CPR Leasing Ltd. of US$64,675,000 5.7% Senior Secured Notes (the “Notes”). The Notes were issued by CPR Leasing Ltd. pursuant to a Note Purchase Agreement dated December 24, 2009 and were purchased by several institutional investors from both Canada and the United States. This transaction is significant as it is the first transaction for which BAL Global Finance Canada Corporation (a subsidiary of Bank of America) acted as an arranger for the issuance of Notes to third parties without holding any of the Notes for its own account. In addition, this transaction continues to reinforce the firm's prominence in the cross-border financial services market. Cassels Brock represented BAL Global Finance Canada Corporation and the purchasers with a team that included Alison Manzer (Financial Services), Jonathan Fleisher (Financial Services and Business Law), David Budd (Financial Services), Lori Prokopich (Financial Services and Business Law) and Jenny Reed (Financial Services). |