April 25, 2018

HUB International Limited/Hub International Canada West ULC $5.06 Billion Refinancing from Morgan Stanley Senior Funding, Inc.

Hub International Limited and Hub International Canada West ULC successfully closed a US$5.06 billion refinancing of its existing debt. The refinancing materially increased the credit available to Hub and Hub Canada and is commensurate with Hub’s continued growth and acquisition strategy. This was a high yield/secured credit facilities combination deal; cross-border and a significant deal size.

Goodmans was lead Canadian counsel to Hub Canada and its 27 Canadian subsidiaries on the refinancing and worked with Simpson Thacher, Hub’s US counsel and the Hub legal department.

Clients note, "A very responsive team, which works well under tight timelines, provides quality work with minimal back and forth, and demonstrates attention to detail." — The Legal 500 Canada
...its borrower-side work and involvement in complex restructuring-related matters is particularly impressing. — The Legal 500 Canada
Clients note, "The team is extremely commercially oriented and able to get to the crux of the issue right away." — Chambers Canada
Clients note, "The firm provides sound advice on various complex and time-sensitive transactions including explaining our options and the related pros and cons to each decision." — Chambers Canada
The department demonstrates considerable experience in managing cross-border transactions and represents a number of global financial services companies. — Chambers Canada
Clients note, the Goodmans team takes a "Pragmatic, commercial view towards getting the transaction closed in a smooth, efficient manner," adding "Partners remain deeply engaged through the transaction." — IFLR1000
One client noted, "They bring a solid, pragmatic and commercial approach to dealing with key legal issues, are flexible and easy to work with, and are client focused." — Chambers Global
Clients remark, "#1 in senior housing sector expertise. #1 in helping network. Very professional and responsive. Great quality work.” — IFLR1000
On the Banking and Finance group, interviewees say: "Goodmans has an amazing team that is very responsive, knowledgeable, reliable and pleasant." — Chambers Global

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