October 24, 2011
"The firm's clients include Canada's largest corporations and its five major banks as well as high-profile private equity investors."
"Last year, the firm represented Novelis as global coordinating counsel in its $4.8 billion refinancing, in a deal that closed in December 2010 and involved 12 jurisdictions around the world."
"One of the largest deals acted on by the firm saw (Torys) acting for Novelis on a $4.8 billion refinancing consisting of a $1.5 billion loan, an $800 million asset based revolving credit facility and a $2.5 billion high-yield offering."
"In one of the largest integrated media deals in Canada in 2010, Torys represented The Woodbridge Company and CTVglobemedia in connection with BCE's acquisition of CTV and Woodbridge's acquisition of The Globe and Mail."
"They know their business and they know the industry," says one client. "A lot of the business we do is highly structured; you need to know what the risks are and what business and legal points you can compromise on. They do, better than anyone."
"One deal that highlights the firm's increased status is the Nortel Networks CCAA (Companies' Creditors Arrangements Act) proceedings. The Tory's team acted as Canadian counsel to the company on the cross border deal."
Read the full report here.