Norton Rose Fulbright Canada LLP
Related services and key industries
Key industry sectors
Russell Dufault focuses his practice primarily on transactional banking and corporate finance matters, with an emphasis on cross-border and multi-jurisdictional structured financings.
Russell's experience includes acting for Canadian and international commercial banks, non-bank financial institutions, alternative and private credit providers, private equity funds and sponsors, as well as corporate borrowers and issuers, in connection with senior and subordinated debt, asset-based and cash flow facilities, syndicated and club financings, leveraged financings, bridge loans, term lending, securitizations, high-yield debt offerings, debt capital markets transactions, restructuring matters and other forms of debt financing.
Russell has experience advising financial institutions in connection with regulatory and compliance-related matters and payments transactions.
- Ontario 2015
- Manitoba 2014
Russell has recently acted for the following clients:
- A Schedule I chartered Canadian bank in connection with a syndicated credit agreement in favour of a global firm providing for unsecured multi-currency revolving credit facilities in the principal amount of US $1 billion
- Wells Fargo Capital Finance, LLC in connection with an amended and restated asset-based revolving facility of US $345 million in favour of PCM, Inc. and certain of its subsidiaries
- Bank of America, N.A. in connection with a term credit agreement and amendments thereto providing for first lien term loan facilities of up to US $270 million in favour of Paladin Brands Holding, Inc. and certain other subsidiaries of International Equipment Solutions LLC
- TransAlta Corporation in connection with the secured private placement of CAD $345 million aggregate principal amount of senior amortizing bonds for its indirect wholly owned subsidiary TransAlta OCP LP. Bondholders' security package includes an indirect priority claim over roughly 95% of each annual off-coal payment required to be made by the Government of Alberta pursuant to an off-coal agreement dated November 24, 2016, which was entered into in connection with the cessation of coal-fired emissions in Alberta, between the Government of Alberta, TransAlta Corporation and certain of its subsidiaries
- TransAlta Renewables Inc. with an internal reorganization and a CAD $260 million financing secured by wind farm assets (including a 17.25 MW expansion) in New Brunswick owned by its indirect majority-owned subsidiary Kent Hills Wind LP. This transaction won the IJGlobal North America Wind Deal of the Year Award for 2017
- The Canadian branch of a major US bank in its commercial card agreements for various mobile pay platforms
- Bank of America, N.A. with a new senior secured asset-based credit facility of initial revolver commitments of US $65 million in favour of PSC Metals, LLC and certain of its US and Canadian subsidiaries
- JPMorgan Chase Bank, N.A. in connection with a new senior secured asset-based credit facility of revolving commitments of US $50 million in favour of Dansons US, LLC and certain of its subsidiaries
- A Canadian cleantech company in issuing senior secured floating rate notes due January 1, 2022, in the aggregate principal amount of CAD $40 million
- Canadian Bar Association
- Law Society of Upper Canada
- Law Society of Manitoba
- Ontario Bar Association