Project Finance

A successful project needs the advice and advocacy of a strategically-minded legal team who can structure and implement the best financing solutions, streamline processes and drive the completion of transactions with maximum value for money.

We provide forward-thinking project financing advice and services to our clients engaged in the procurement, development, financing and acquisition of power and public infrastructure projects.

We advise on a range of projects, including:

  • power projects (natural gas, wind, solar, hydroelectric, biomass and cogen)
  • roads
  • bridges
  • transportation
  • hospitals and other social infrastructure projects
  • projects with First Nations’ participation

We collaborate with our clients to structure and implement the best possible financing solutions, including:

  • mini-perm bank facilities
  • unrated private placements
  • institutional loan facilities
  • rated private placement bond solutions
  • long-term bank debt
  • subordinated or mezzanine debt
  • other forms of public or private debt financing

As a multidisciplinary firm, we collaborate with lawyers from related specialties, including:

  • electricity markets
  • construction
  • engineering
  • infrastructure
  • tax
  • real property
  • environmental and regulatory law

Our clients include:

  • project developers
  • equity sponsors
  • concessionaires
  • lenders and debt arrangers
  • underwriters and investors
  • Indigenous communities
  • governments
  • governmental agencies
  • authorities responsible for the procurement and delivery of national power and public infrastructure projects

Experience

  • Thorold CoGen L.P., the borrower, and sponsor in a $451.5-million senior project financing and $70-million subordinated project financing for construction of a 265 MW cogeneration facility in Thorold, Ont.
  • Several borrowers, Northland Power affiliates, in numerous project financings of solar power facilities totaling several hundred million dollars.
  • Life insurance companies in connection with several financings of wind farm projects.
  • Saint-Ulric/Saint-Léandre Wind L.P., the borrower, and Northland Power Income Fund, the sponsor, in a $236-million senior secured credit facility and $35-million senior subordinated credit facility in connection with the project financing of the Jardin d'Eole wind farm.
  • Polarus Infrastructure Inc. as sponsor, in connection with the restructuring of Generación Andina S.A.C.’s senior debt in connection with the financing of the El Carmen and 8 de Agosto run-of-the-river hydropower projects in Peru.
  • Northland Power in the establishment of C$1.25 billion credit facilities (with an additional $500 million accordion feature) with a syndicate of 12 financial institutions; and on entering into a $750M agreement with a syndicate of underwriters led by CIBC Capital Markets.


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