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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.

If 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

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.

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.

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.

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.

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.

Sale of Decisive Farming Corp.

Counsel to Decisive Farming Corp in the acquisition by TELUS Agriculture Solutions Inc.

Export Development Canada aircraft fleet financing

Counsel to Export Development Canada with respect to the aircraft fleet financing of Avmax Group Inc..

International syndicated credit facilities for Superior Plus Corp.

Counsel to the agent and a syndicate of ten lenders with respect to providing a $750 million secured credit facility to affiliated Canadian, U.S. and Chilean borrowers.

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.

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.

Raging River Exploration Inc.'s $500 million credit facility

Counsel to Raging River Exploration Inc. on a $500 million senior secured syndicated credit facility.

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.

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.

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.

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.

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)

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)

Amalgamation forming one of the largest private oil companies in North America

Counsel to the administrative agent and a 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 Stickney Resources Ltd., making it one of the largest private oil companies in North America.

NuVista Energy Ltd. $440 million sustainability-linked loan

Counsel to NuVista Energy Ltd. in respect of a covenant based $440 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.

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

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.