Philip D. Backman Q.C: Corporate Borrower and Lender Lawyer at Bennett Jones Calgary
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.