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Nancy D. Smith


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Dalhousie University, Bachelor of Laws, 2004

Dalhousie University, Bachelor of Arts, Political Science, 2001

Bar admission: Alberta 2005
Agribusiness, food and beverage, Financial services, Oil and gas, Power, Start-up and early-stage companies, Technology
Practice areas:
Banking and finance, Project finance


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

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.

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.

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

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.

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.


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)