On Oct 20, 2000, in the largest acquisition in Canadian telecommunications history, Burnaby, BC-based Telus Corporation acquired Scarborough, Ontario-based national digital wireless company Clearnet Communications Inc., in a cash and stock transaction valued at $6.6 billion.
TD Securities and JP Morgan provided Telus with financing for the transaction, in what is believed to be Canada's largest bank syndication, with a lending facility of $7.7 billion.
Fasken Martineau advised the lenders in the complex structuring and financing of the bid with a team that included, among others, Jon Levin, Barbara Miller, Don Dalik and Kathleen Hanly.