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Jon J Holmstrom Toronto Lawyer

Jon J. Holmstrom *

Partner Fasken
The country’s largest financial institutions have been taking a serious look at the innovations that thrive in the new digital economy.
Jurisdiction Ontario, 1981
Language(s) English
Office(s) Toronto
Contact
*practising through a professional corporation
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Overview

Jon Holmstrom's practice is focused on corporate and commercial banking transactions, cross-border acquisition financing, project finance (mining, wind power and infrastructure), derivative products, corporate loan workouts and restructurings and securitizations. He was also the former Leader of the firm’s Banking & Finance group.

Jon provides strategic advice to both financial institutions and commercial borrowers across a multiplicity of industries.

Current mandates include the $750 million warehouse facility for MCAP and the $400 million revolver for Timbercreek and $310 million revolver for Shawcor. Notable recent wind power project finance experience includes acting for the sponsors in the $825 million financing of the Niagara Region Wind Farm.

Jon is actively involved in structuring and documenting financial, equity and commodity derivative transactions for financial institutions, mutual funds and other end-users. Representative transactions include equity basket forward transactions for Mackenzie Financial Corporation in establishing its Managed Yield Program in 2001 and for Beta Pro in establishing its ETF Program in 2007.

Jon has written on topics including international lending transactions, the Personal Property Security Act, the Securities Transfer Act, letters of credit and derivative products. His practice is recognized by Lexpert, Chambers Global, Chambers Canada, the Canadian Legal Lexpert Directory and IFLR1000.

Achievements

Client Work

  • Joe Mimran's Unity Acquisitions Inc. acquires the Mastermind Toys Business subsequent to a CCAA proceeding, [Deal - Unity Acquisitions Inc.], Purchase by Canadian retail pioneer Joe Mimran and partners of Canadian toy retailers Mastermind Toys
  • Broccolini secures loan to finance the construction of Lactalis' largest distribution centre globally in Oshawa, Ontario, [Deal - Broccolini], Real-estate and construction financing services for leading dairy producer's Ontario industrial facility.
  • Royal Bank of Canada leads syndicate in the provision of a US$185 million credit facility for WideOrbit LLC, [Deal - A syndicate of lenders led by Royal Bank of Canada], Credit facility establishment for a worldwide leader in advertisement management.
  • National Bank of Canada and Macquarie Bank Limited co-lead international lending syndicate in the provision of aggregate C$425 million credit facilities for BW Gold Ltd., [Deal - A syndicate of lenders led by National Bank of Canada and Macquarie Bank Limited], Financing to partially fund the construction, development, commissioning and other costs associated with the operation of a mine at the Blackwater Gold Project in British Columbia, Canada
  • Rogers Insurance Ltd. and CapriCMW merge to form Acera Insurance Services Ltd., now one of the largest employee-controlled insurance brokerages in Canada, [Deal - Rogers Insurance Ltd.], Rogers Insurance Ltd. and CapriCMW merge to form Acera Insurance Services Ltd., now one of the largest employee-controlled insurance brokerages in Canada
  • Elemental Royalties Corp. completes acquisition of Ming Mine Gold Stream, [Deal - Elemental Royalties Corp.], Elemental Royalties in its first transaction with a Canadian mine.
  • Golden Star Resources Ltd. closes US$470 million plan of arrangement with Chifeng Jilong Gold Mining Co., Ltd., Chijin International (Hong Kong) Limited and its assignee Kefei Investment (BVI) Limited, [Deal - Golden Star Resources Ltd.], Established gold mining company that owns and operates the Wassa underground mine in West Africa acquired by international gold mining company via plan of arrangement.
  • The Independent Order of Foresters in its subordinated debentures offering, [Deal - The Independent Order of Foresters]
  • Cedar Fair announces US$1 billion senior secured notes offering, [Deal - Cedar Fair, L.P.]

Career & Education

Education

  • LLM Université Libre de Bruxelles
  • LLB Queen's University
  • BSc University of Toronto

Memberships & Affiliations

  • Member, Canadian Bar Association
  • Member, Ontario Bar Association

News

Publications

  • Raising Mining Debt Capital, 4/7/2008
Article Raising Mining Debt Capital

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