Banking and finance
Banking transactions are often complex. Our decades of industry experience and market knowledge gives us in-depth insight into the key issues.
Our experience extends from domestic transactions to cross-border and multinational financings, refinancings and restructurings.
Who we work with
We know our way around complex domestic and cross-border banking transactions.
Whether you are a lender or a borrower in aviation, healthcare, agribusiness or the energy space (or somewhere else), we can help you develop effective financing strategies. You may also be a major bank, insurance company, investor or a leasing company. We will give you creative and practical legal advice when evaluating strategic business opportunities.
When working with counsel in other jurisdictions, we make sure legal advice is prompt and cost-efficient.
We can help you with
- Acquisition financing
- Project financing
- International trade financing
- Mezzanine and subordinated financings
- Income trust conversions
- Intercreditor arrangements
- Syndicated loan transactions
- Loan documentation and related security for operating credits
- Equipment leasing and financing
- Aircraft leasing and financing
- Renegotiation and restructuring of debt
- Letters of credit and other aspects of import/export financing
- Cross‑border lending transactions
- Secured financing
- Asset securitization
What our clients say
"Highly responsive, supportive of our business objectives, manages negotiations and details well." - Legal 500 Canada 2022
Representative work
Whitecap Resources Inc.'s $2.705 billion credit facility
Counsel to Whitecap Resources Inc. in its $2.705 billion senior secured credit facilities with a syndicate of Canadian, U.S., and international banks in connection with the acquisition by Whitecap Resources Inc. of XTO Energy Canada.
ARC Resources Ltd.'s $8.1 billion combination
Counsel to ARC Resources Ltd. in its $8.1 billion strategic Montney combination with Seven Generations Energy, resulting in ARC becoming Canada's largest condensate producer, third-largest natural gas producer and sixth-largest upstream energy company.
Railway company's $2.2 billion credit facility
Counsel to a syndicate of lenders in connection with a $2.2 billion revolving credit facility provided to a North American railway company.
Pipeline company's $1.5 billion credit facility
Counsel to a syndicate of lenders in connection with a $1.5 billion revolving credit facility provided to a North American midstream oil and gas company.
Tourmaline Oil's investment grade credit facility
Counsel Tourmaline Oil in respect of its investment grade credit facility with a syndicate of banks led by a major Canadian bank
Topaz Energy's $700 million credit facility
Counsel Topaz Energy in respect of its $700 million senior unsecured credit facility with a syndicate of banks led by a major Canadian bank
NuVista Energy Ltd. $450 million sustainability-linked loan
Counsel to NuVista Energy Ltd. in respect of a covenant based $450 million sustainability-linked loan with a syndicate of Canadian banks, with sustainability performance targets based on Scope 1 & 2 GHG Intensity, increased spending on asset retirement obligations and gender diversity at the Board of Directors level.
Hammerhead Resources' $350 million credit facility
Counsel to Hammerhead Resources ULC in respect of a borrowing base Cdn. $350 million credit facility with a syndicate of Canadian banks in connection with the business combination with a special purpose acquisition company to become publicly listed in Canada and the United States.
Parex Resources' US$200 million international credit facility
Counsel Parex Resources in respect of its US$200 million senior secured borrowing base credit facility with a syndicate of banks led by a major Canadian bank.
Peyto Exploration & Development's $800 million credit facility
Counsel to Peyto in respect of its $800 million senior secured credit facility with a syndicate of banks led by a major Canadian bank and in respect of the issuance of senior secured private placement notes.
Amalgamation forming one of the largest private oil companies in North America
Counsel to the administrative agent and syndicate of lenders in respect of a covenant based $1.5 billion credit facility with a syndicate of Canadian, U.S., and international banks in connection with the amalgamation of Strathcona Resources Ltd. Caltex Resources Ltd. and Sitckney Resources Ltd., making it one of the largest private oil companies in North America.
PrairieSky Royalty Ltd. syndicated credit facilities
Counsel to PrairieSky Royalty Ltd. in connection with a $700 million syndicated extendable revolving credit facility and a $25 million extendable operating credit facility (2021)
Petrus Resources' acquisition and refinancing transactions
Counsel to Petrus Resources Ltd. for its $15 million acquisition of a privately owned limited partnership and its general partner with Cardium assets located at Ferrier, Alberta, $20 million rights offering, $30 million revolving loan facility, and $25 million second lien term facility.
Canadian Asset Management Company – Syndicated Credit Facilities
Counsel to a Canadian group of asset management companies in connection with initial syndication and subsequent increase of up to $115 million aggregate syndicated credit facilities (2022)
Decibel Cannabis Company Inc. – Credit Facilities
Counsel to Decibel Cannabis Company Inc. and its subsidiaries in connection with credit facilities provided by Connect First Credit Union Ltd. and subsequent upsize and refinancing thereof (2020, 2021, 2022)
Graham Group’s acquisition of AECOM’s energy operations and maintenance business
Counsel to the Graham Group of Companies in the acquisition of the North American assets of AECOM’s Energy Operations and Maintenance Division. The acquisition positions the Graham Group as the third largest construction company in Canada and Western Canada’s largest industrial services company.
Whitecap Resources Inc's $300 million acquisition of Kicking Horse Oil & Gas Ltd.
Counsel to Whitecap Resources Inc. in its indirect acquisition of Kicking Horse Oil & Gas Ltd., a portfolio company of Quantum Energy Partners, for $300 million.
Kicking Horse Oil & Gas Ltd.'s $300 million acquisition by Whitecap Resources Inc
Counsel to Kicking Horse Oil & Gas Ltd., a portfolio company of Quantum Energy Partners, in its $300 million acquisition by Whitecap Resources Inc.
Alberta Petroleum Marketing Commission in connection with the Keystone Expansion Project
Counsel to APMC regarding the Government of Alberta’s $1.5 billion equity investment in––and $6 billion loan guarantee in support of––the Keystone Expansion Project.
Decibel Cannabis Company Inc.'s $30 million credit facilities
Counsel to Decibel Cannabis Company Inc. and its subsidiaries in connection with up to $30 million in aggregate credit facilities provided by lender Connect First Credit Union Ltd.
Decibel Cannabis Company Inc.'s consolidated credit facilities
Counsel to Decibel Cannabis Company Inc. and its subsidiaries in connection with consolidated credit facilities from lender ATB Financial.
Ag Growth International Inc.'s $86 million financing
Counsel to Ag Growth International Inc. in its public offering of $86 million senior subordinated unsecured debentures with an interest rate of 5.25% per annum maturing on December 31, 2024.
TransAlta Corporation's development of a wind power project
Counsel to TransAlta Corporation in connection with the development of a 200 MW+ wind farm project following it having achieved “Selected Proponent” status under AESO’s REP Round 3 program.
CWC Energy Services Corp. syndicated and term credit facilities
Counsel to CWC Energy Services Corp. in connection with amendments and extensions of its secured syndicated credit facilities in an aggregate principal amount of up to $75 million and a new secured 5-year term credit facility in the principal amount of $12.8 million.
Whitecap Resources Inc.'s $1.7 billion credit facility
Counsel to Whitecap Resources Inc. in its $1.7 billion senior secured credit facility which included the issuance of $195 million senior secured notes
$232 million acquisition of Canadian Helicopters Limited
Counsel to Don Wall and CHL Heli-Acquisition Company Ltd. in the $232 million acquisition of HNZ Group Inc. (Canadian Helicopters Limited).
Enerflex Ltd.'s acquisition of Mesa Compression, LLC
Counsel to Enerflex Ltd., through the U.S. entity Enerflex Energy Systems Inc., in its US$106 million acquisition of U.S. based contract compression business, Mesa Compression, LLC.
Canyon Services Group Inc.'s acquisition by Trican Well Service Ltd.
Counsel to Canyon Services Group in the $637 million acquisition by Trican.
Savanna Energy Services Corp.'s hostile takeover defence
Counsel to Savanna Energy Services in the defence of a $450 million hostile takeover bid by Total Energy Services Inc.
Carmel Bay Exploration Ltd.'s line of credit from Quantum Energy Partners
Counsel to Carmel Bay in the $200 million equity line of credit established from Quantum.
Tourmaline Oil Corp.'s Peace River High joint venture
Counsel to Tourmaline Oil Corp. in the $500 million Peace River High sale to and joint venture with Canadian Non-Operated Resources LP.
Multiple acquisitions by Command Fishing and Pipe Recovery Ltd.
Counsel to Command Fishing and Pipe Recovery Ltd. in the acquisition of three private wireline and fishing companies.
Sale of Pacer Construction Holdings Corporation
Counsel to Pacer Construction Holdings Corporation and its affiliated operating companies, a leading contractor in Western Canada, in connection with its US$213 million sale to MasTec, Inc.
Baytex Energy Corp.'s $1.5 billion financing
Counsel to Baytex Energy Corp. in its $1.5 billion public offering of 38,433,000 subscription receipts.
Inter Pipeline Fund conversion to Inter Pipeline Ltd.
Counsel to Inter Pipeline Fund in its conversion to Inter Pipeline Ltd., a dividend paying corporation.
Progress Energy Resources Corp.'s sale and joint venture with PETRONAS
Counsel to Progress in the $1.1 billion sale of 50% working interest in Montney shale assets in Foothills of north eastern British Columbia to PETRONAS, the Malaysian national oil company, and the formation of an upstream joint venture to develop the gas assets as well as a downstream LNG Export Project Joint Venture pursuant to which they plan to build and operate a major LNG export facility.
International Petroleum Corporation acquisition of oil and natural gas assets from Cenovus Energy Inc.
Counsel to International Petroleum Corporation in the acquisition of oil and natural gas assets in Suffield and Alderson areas of southern Alberta from Cenovus Energy Inc. for proceeds of $512 million plus an additional deferred contingent amount of $36 million
Acquisition of Kenn Borek Air Ltd.
Counsel to Don Wall and 11412175 Canada Ltd. on the acquisition of Kenn Borek Air Ltd.
ATCO Group's $2 billion increase in credit facilities
Counsel to Royal Bank of Canada and the Bank of Montreal regarding the approximately $2 billion syndicated unsecured credit facilities provided to various members of the ATCO Group.
WestJet Airlines Ltd.'s guaranteed financing of 55 Boeing aircraft
Counsel to WestJet Airlines Ltd. in the financing for 55 Boeing 737 Aircraft guaranteed by Export-Import Bank of the United States.
Financing 45 Bombardier aircraft for WestJet Airlines Ltd.
Counsel to WestJet Airlines Ltd. in the financing of 45 Bombardier Q400 Aircraft by secured term loans with Export Development Canada.
International credit facilities for Vermillion Resources Ltd.
Counsel to The Toronto-Dominion Bank as agent for a syndicate of ten lenders providing international credit facilities to Vermillion Resources Ltd. aggregating $800 million on a senior secured basis.
Triwest Capital Partners acquisition of NCSG Crane & Heavy Haul Corporation
Counsel to Triwest Capital Partners and Alberta Teachers’ Retirement Fund in connection with the acquisition of a majority interest in NCSG Crane & Heavy Haul Corporation.
Credit facilities for TransCanada PipeLines Limited
Counsel to the agent and lending syndicate in connection with credit facilities provided to TransCanada PipeLines Limited in the amounts of $3 billion and US$2 billion.
Canadian construction company's $425 million syndicated credit facilities
Counsel to a Canadian construction company in connection with its senior secured syndicated credit facilities in an aggregate principal amount of up to $425 million.
Canadian Pacific Railway Company's $1.165 billion credit facility
Counsel to Royal Bank of Canada and a syndicate of lenders in connection with a $1.165 billion revolving credit facility provided to Canadian Pacific Railway Company.
Pacer Construction Holdings Corporation sale to MasTec, Inc.
Counsel to Pacer Construction Holdings Corporation and its affiliated operating companies, a leading contractor in Western Canada, in connection with its US$213 million sale to MasTec, Inc.
Landmark Cinemas Canada's credit facilities
Counsel to Alberta Treasury Branches in connection with credit facilities provided to Landmark Cinemas Canada Limited Partnership in the amount of $49 million and the financing of Landmark Cinemas Canada Limited Partnership's acquisition of certain theatres located in Ontario and the Western Canadian provinces from Empire Theatres Limited and ECL Western Holdings Limited.
Suncor Energy Inc.'s multi-billion credit facilities
Counsel to the agent and syndicate of lenders for the $4 billion and US $2 billion unsecured credit facilities to Suncor Energy Inc.
Export Development Canada aircraft fleet financing
Counsel to Export Development Canada with respect to the aircraft fleet financing of Avmax Group Inc..
Sale of Decisive Farming Corp.
Counsel to Decisive Farming Corp in the acquisition by TELUS Agriculture Solutions Inc.
Paramount Resources Ltd.'s $1 billion credit facility
Counsel to the agent and a syndicate of lenders in connection with a $1 billion senior secured credit facility to Paramount Resources Ltd.
US $550 million credit facility from the Royal Bank of Canada
Counsel to the Royal Bank of Canada, as administrative agent for a syndicate of 13 lenders, providing a US$550 million senior secured credit facility to Precision Drilling Corporation and secured against Canadian and US assets.
ORLEN Upstream Canada Ltd.'s acquisition of Birchill Exploration LP
Counsel to ORLEN in connection with a $255 million acquisition of Birchill pursuant to a share purchase agreement.
Mill City Capital, LP's $60 million credit facilities
Counsel to Royal Bank of Canada and Alberta Treasury Branches in connection with syndicated credit facilities provided to Mill City Capital, LP in the aggregate principal amount of $60 million to assist with its going private acquisition of Bonnett's Energy Corp.
Raging River Exploration Inc.'s $500 million credit facility
Counsel to Raging River Exploration Inc. on a $500 million senior secured syndicated credit facility.
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