Thomas L. Subic Partner


Speaks:  English

Year of Call: 2001 - Ontario

Primary phone: +1 416-862-4489

Secondary phone: +1 905-540-3265

Fax: +1 416-863-3489

Email: thomas.subic@gowlingwlg.com

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Primary office:  Toronto

Secondary office  Hamilton



Thomas L. Subic

Thomas Subic is a partner practising in Gowling WLG's Business Law and Financial Institutions & Services groups.

Thomas’ practice primarily focuses on corporate and commercial finance in a domestic, cross-border and international context, with an emphasis on secured and unsecured loans, asset-based lending, bilateral and syndicated loans, subordinated debt, acquisition financings, securitizations, trade finance, equipment finance, commercial and consumer leasing, vendor finance and debt restructurings.

Thomas regularly acts for domestic and international financial institutions, pension funds, private equity funds and borrowers on financings in a broad range of industries, including the manufacturing, automotive, aviation, retail, agriculture, food processing, pharmaceutical, media, telecommunications, shipping/logistics and health care industries. Thomas also acts for a broad range of clients in restructuring and insolvency matters.

In addition, Thomas’ practice focuses on the development and modernization of wholesale and retail lending/leasing precedents and programs for automotive and equipment lessors and financiers.

Career & Recognition

Filter timeline:
  • 2001

    • Qualifications (Year of Call/Admission, etc.)
      2001
      Year of Call, Ontario
  • 1999

    • Education
      1999
      Osgoode Hall Law School, LLB
  • 1996

    • Education
      1996
      Schulich School of Business (York University), Undergraduate Studies in Finance and Accounting, 1993-1996

Memberships

  • Canadian Bar Association
  • Ontario Bar Association
  • The Law Society of Upper Canada
  • Counsel to The Bank of Nova Scotia, as administrative agent for a syndicate of financial institutions, in connection with a credit agreement establishing senior secured credit facilities in the amount of $145,000,000 in favour of Automotive Properties Limited Partnership. A portion of the credit facilities was used by Automotive Properties Real Estate Investment Trust (“REIT”) to indirectly acquire, through Automotive Properties Limited Partnership, a portfolio of 26 income-producing automotive dealership properties located in Canada from Dilawri Automotive Group for a purchase price of $354,200,000. The acquisition was also partially financed by the REIT’s initial public offering raising gross proceeds of $75,000,000.
  • Counsel to The Toronto-Dominion Bank, as administrative agent for a syndicate of Canadian and U.S. lenders, in connection with a seventh amended and restated credit agreement in respect of senior secured credit facilities in the amount of $650 million in favour of Martinrea International Inc. A portion of the credit facilities was used by Martinrea International Inc. to finance the acquisition from Anchorage Capital Group, L.L.C. of its remaining minority interest in Martinrea Honsel Holdings B.V. for a purchase price of EUR160 million.
  • Counsel to Canadian Imperial Bank of Commerce, as revolving agent, in connection with the establishment of a $20-million revolving operating facility and a $180-million term facility in favour of easyhome Ltd. and easyfinancial Services Inc. The term credit facility is established by Crystal Financial LLC, as administrative agent and term agent for a syndicate of U.S. lenders.
  • Counsel to Farm Credit Canada, as administrative agent for a syndicate of financial institutions, in connection with the establishment of a project finance facility in the amount of approximately $41 million in favour of an Ontario based renewable energy co-operative comprised of Ontario farmers and rural landowners. The facility will be used to finance the development, construction and operation of certain solar projects under the microFiT and FiT programs in Ontario.
  • Counsel to Rabobank Nederland, Canadian Branch, in connection with the establishment of a secured operating credit facility in the amount of $20 million in favour of a Canadian manufacturer which designs, manufactures and distributes high quality, durable and reliable farm equipment. The operating facility is secured against equipment manufactured, sold and shipped to Eastern Europe.
  • Counsel to Rabobank Nederland, Canadian Branch, as administrative agent for a syndicate of financial institutions, in connection with the establishment of senior secured operating and term credit facilities in the amount of $80 million in favour of one of Canada’s largest aquaculture companies involved in the farming and processing of Atlantic salmon.
  • Counsel to Royal Bank of Canada, as administrative agent for a syndicate of Canadian lenders, in connection with the establishment of a senior secured operating credit facility in the amount of $25 million in favour of a global aviation transportation and heavy-lift logistic services company. The syndicated credit facility closed in connection with the issuance by the company of 12.25% senior secured second lien notes in an aggregate principal amount of $110 million.
  • Counsel to Bank of Montreal, as administrative agent for a syndicate of Canadian lenders, in connection with the establishment of senior secured operating and term credit facilities in the amount of $147 million in favour of CBI Health Group to assist with the acquisition by OMERS Private Equity of CBI Health Group, a leading provider of outpatient rehabilitation and community health care services in Canada. 
  • Counsel to The Toronto-Dominion Bank, as administrative agent for a syndicate of Canadian lenders, in connection with the establishment of senior secured operating and term credit facilities in the amount of $80 million in favour of one of Canada’s leading companies specializing in Italian-style deli meat and imported grocery products.
  • Canadian counsel to Pamlico Capital (formerly Wachovia Capital Partners) in connection with the acquisition of ATX Networks from Trivest Partners, L.P. and the concurrent financing by GE Canada Finance Holding Company.  
  • Counsel to Bank of Montreal, as administrative agent for a syndicate of Canadian lenders, in connection with the establishment of senior secured operating and term credit facilities in the amount of $30 million in favour of a company that develops and manufactures optical and electromagnetic technology for image-guided surgical, industrial test and measurement and research applications.
  • Counsel to ICON Capital in connection with the establishment of a $20-million senior secured term credit facility in favour of a technology-focused seismic solutions company providing services to the global oil & gas industry.
  • Counsel to Royal Bank of Canada, as administrative agent for a syndicate of Canadian lenders, in connection with $40-million senior secured credit facilities in favour of one of North America’s largest collector, processor and marketer of recyclable materials.
  • Counsel to an international automotive and industrial supply company in connection with $26-million senior secured credit facilities used to partially finance the acquisition of a North American supplier of automotive components and automation tooling equipment.
  • Counsel to The Toronto-Dominion Bank, as administrative agent for a syndicate of lenders, in connection with $125-million amended and restated senior secured credit facilities in favour of Glacier Ventures International Corp. used to partially finance the acquisition of substantially all of Hollinger International Inc.’s Canadian assets.
  • Counsel to CIT Business Credit Canada Inc., in its capacity as administrative agent, in connection with $35-million asset-based credit facilities in favour of Lakeside Steel Corporation used to partially finance the purchase of certain assets owned by Stelpipe Ltd.
  • Counsel to The Bank of Nova Scotia, in its capacity as administrative agent for a syndicate of Canadian lenders, in connection with $68-million senior secured credit facilities in favour of Spinrite Income Fund during the completion of its $202-million initial public offering of trust units.