Project finance
Get creative, comprehensive financing solutions for your project. Our goal is to help our clients in established and emerging sectors get their projects off the ground.
When you partner with BD&P, you'll get a team that has deep experience financing major projects of all types – in Canada, the U.S. and internationally. These include airports, oil and gas development projects, liquid natural gas projects, petrochemical facilities, offshore oil production, mining, renewables and other major infrastructure facilities.
Our team often works with:
- Developers
- Financial institutions
- Syndicates
What we do
Get advice from us on project funding agreements, loan agreements, limited recourse guarantees and trust indentures. We can also help with:
- Security documentation
- Inter-creditor and subordination arrangements
- Off balance sheet arrangements involving special purpose vehicles
- Bankruptcy remoting
- Securitizing contracts such as leases
- Construction and operational loans for facilities
- Various guarantee arrangements for sponsor support
- Note purchase arrangements for institutional investors
- Pass-through certificate arrangements
What our clients say
"The banking practice has a longstanding reputation as one of the stronger banking teams in Calgary. They are involved in significant transactions and have a solid team that continues to be of weight above that of a typical regional firm." – Chambers Canada 2022
Representative work
Daytona Power Corporation's late-stage project development financing
Counsel to Daytona Power Corporation in respect of late-stage development financing for a large scale (3,500 – 4,000 MW) offshore to onshore, high voltage direct current transmission project in California.
Daytona Power Corporation's late-stage project development financing
Counsel to Daytona Power Corporation regarding a late-stage development financing for the Blue Diamond 500MW Advanced Pumped Hydro Storage Project in Nevada.
Late-stage development financing for Daytona Power Corporation's Southern California project
Counsel to Daytona Power Corporation in respect of late-stage development financing for Phase I of the 500MW Lake Elsinore Advanced Pumped Storage Project (LEAPS) in Southern California, and for Phase II involving an additional 500MW Lake Elsinore Advanced Pumped Storage Project (LEAPS II).
Windfarm asset project refinancing and extension
Counsel to Box Springs Wind Corporation in the refinancing and extension of the project financing for a windfarm asset in Southern Alberta.
Maxim Power Corp. converting an electric generation facility from coal to natural gas
Counsel to Maxim Power Corp., through its wholly-owned subsidiary Milner Power Limited Partnership, in the conversion of the H.R. Milner electric generation facility from coal to natural gas. We advised in connection with the on-going development and financing of a state-of-the-art 204MW natural gas-fired power plant near Grande Cache, Alberta, including the acquisition of a General Electric Frame 7 F-Class combustion turbine generator and certain related equipment from Kennecott Utah Copper LLC.
Acquiring and financing solar projects in Alberta
Counsel to a developer in connection with the acquisition and on-going project finance of five solar projects in Alberta.
Project finance for six power plants in Alberta
Counsel for the facility, led by Royal Bank of Scotland, in the financing for the acquisition of three existing power plants and completion of construction of an additional three power plants in Alberta by ATCO Power Limited Partnership.
US Development Group LLC's joint venture with Gibson Energy
Counsel to US Development Group LLC in its 50/50 joint venture with Gibson Energy to advance the financing, development and construction of a Diluent Recovery Unit in Hardisty, Alberta.
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