With financing experience in North America and internationally, Phil acts for both corporate borrowers and lenders involved in syndicated credit agreements, public and private debt issues, cross-border financings, leveraged loans, project financings, debt restructurings, derivatives and other types of financings in oil and gas, oil sands, utilities, pipelines and other industries.
** North West Redwater Partnership in connection with its $3.5 billion credit facility and $1.0 billion bond offering, the proceeds of which will contribute to the funding of the construction of North West's $8+ Billion bitumen refinery in the Alberta Heartland. The project is supported by 30-year tolling commitments of the Government of Alberta and Canadian Natural.
** Husky Energy Inc. in connection with $3.2 billion of credit facilities.
** Acted as lead counsel to Canadian Natural Resources Limited in connection with $4.5 billion syndicated credit facilities with Royal Bank of Canada and other Canadian and international banks.
** Veresen Inc. in connection with Cutbank midstream acquisition which included a C$500 million bridge financing, C$550 million credit agreement and C$500 million senior notes.
** Cenovus Energy Inc. in a $5 billion term and bridge financing commitment from Royal Bank, the largest commitment in the history of the bank at the time, which was subsequently reduced to $2.5 billion as a result of a successful US$3.5 billion bond offering.
** Encana Corporation in connection with a C$4 billion credit agreement.