Rick’s practice covers many areas of banking, finance and securities law, with an emphasis on securitization and structured finance, corporate finance and financial institutions work. He has acted for clients on a variety of securitization and structured finance transactions and has extensive experience in acting for single and multi-seller securitization conduits, issuers, underwriters and investment banks covering a wide variety of asset classes, including covered bonds, residential mortgages, credit cards, automotive loan and lease receivables, equipment and automotive dealer floorplan receivables and trade receivables.
Rick has also acted on many public and private initial and secondary offerings of corporate and financial institution debt, equity and innovative capital products.
- Issuer’s counsel on the sale of $325 million dealer floorplan receivables-backed notes by CNH Capital Canada Wholesale Trust, the first transaction completed pursuant to the Canadian government’s Canadian Secured Credit Facility asset-backed security purchase program.
- Underwriters’ counsel on the initial public offering of automobile receivable-backed notes by Ford Auto Securitization Trust (FAST) and dealer floorplan receivable-backed notes by Ford Floorplan Auto Securitization Trust (FFAST).
- Issuer's counsel on numerous Bank of Montreal offerings, including $1 billion of common shares, several issuances of Class B Preferred Shares and its Covered Bond Programme, as well as $450 million of innovative Tier 1 capital issued by BMO Capital Trust II.
- Issuer’s counsel on The Bank of Nova Scotia’s Covered Bond Programme.
- Dealers’ counsel on National Bank of Canada’s Covered Bond Programme.
- Issuer’s counsel on the issuance of several series of credit-card receivables-backed notes issued by Master Credit Card Trust, a Bank of Montreal sponsored securitization trust.
- Underwriters’ counsel on several offerings of credit card receivables-backed notes issued by Golden Credit Card Trust, a Royal Bank of Canada sponsored securitization trust.
- Principal counsel to two Schedule I Banks with respect to their ongoing commercial paper conduit securitization programs.
- Several cross-border securitization transactions in which US Bank affiliates have purchased asset-backed securities issued by Canadian trusts through a private placement.