Michael Clifford advises clients on asset securitizations and other structured financings, factoring arrangements, secured financings, project financings, asset-based acquisition financings and related derivative products. He has been involved in structuring numerous diverse and sophisticated securitization structures in the in the public, private and cross-border markets on behalf of financial institutions, national and multi-national corporations and crown corporations and other government agencies.
In his practice, Michael has represented sellers, underwriters, single and multi-vendor conduits, lenders, borrowers, factorers, financial intermediaries and credit enhancers. His expertise includes securitizing a broad range of asset classes including residential and commercial mortgages, auto and equipment loans and leases, credit card receivables, trade receivables, lines of credit and floorplan receivables. He has also been involved in structuring transactions backed by government and quasi-government guarantees, using securitization structures to facilitate acquisition financing, energy and other project financings and domestic and cross-border factoring. He also acts regularly for borrowers, lenders and underwriters on secured leading and other more traditional corporate finance transactions.
Michael has been a recognized leader in the areas of structured finance and asset securitization law by international and domestic directories such as Chambers Global: The World's Leading Lawyers for Business, Expert Guides, Lexpert and Best Lawyers.
Michael regularly speaks at national and international conferences on matters related to structured finance and securitization, and at lawyer focused programs administered by the Law Society of Upper Canada.
- Acting for an underwriting syndicate led by Scotia Capital Inc. in
connection with a public offering of $1,263,000,000 principal amount of
auto loan receivables-backed notes issued by Canadian Capital Auto
Receivables Asset Trust III.
- Acting for an underwriting
syndicate lead by Merrill Lynch Canada Inc. in connection with a public
offering of $694,444,000 principal amount of auto loan
receivables-backed notes issued by Canadian Capital Auto Receivables
Asset Trust II.
Broadcasting Corporation and CBC Monetization Trust in connection with
the offering by CBC Monetization Trust of $135.7 million of Amortizing
2017, Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada
Michael W. Clifford, recognized as a leading asset securitization lawyer
2016, Best Lawyers in Canada
Michael W. Clifford, recognized as one of Canada's leading structured finance lawyers
2016, The Canadian Legal Lexpert Directory
Michael W. Clifford, most frequently recommended, Asset Securitization
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