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Nancy D. Smith

Nancy D. Smith

Partner

403.260.0124
nsmith@bdplaw.com
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Education:

Dalhousie University, Bachelor of Laws, 2004

Dalhousie University, Bachelor of Arts, Political Science, 2001

Bar admission: Alberta 2005

Industries:

Agribusiness, food and beverage, Financial services, Oil and gas, Power, Start-up and early-stage companies, Technology

Practice areas:

Banking and finance, Project finance

Experience

Nancy's focus is on:

Syndicated and bilateral financings for both lenders and borrowers
Secured and unsecured lending transactions
U.S. and international financings
Convertible debenture and private placement note offerings for the issuer
ISDA Master Agreement Transactions

Professional involvement

Professional associations

Member, Law Society of Alberta
Member, Canadian Bar Association
Member, Calgary Bar Association

Volunteer Work

Board Member, Missing Children Society of Canada

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Awards

Recent honours and recognition

Named by Best Lawyers in Canada as a recommended lawyer in banking and finance law (2018-2023)

Named in The Legal 500 Canada a Next Generation Partner in banking & finance (2019-2023)

Recognized in the Canadian Legal Lexpert Directory as a leading lawyer for banking and financial institutions (2019-2022)

Named in Lexpert's special edition on Canada's leading infrastructure lawyers (2019)

Named in Lexpert's guide to the leading US/Canada cross border corporate lawyers in Canada (2016)

Named a Lexpert Rising Stars honouring Canada's Leading Lawyers Under 40 (2015)

News

November 30, 2023