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in term loan facilities totalling $385 million and $125 million revolving credit facility made to a corporation in the medical technology industry

on its $450 million senior debt financing with a syndicate led by Mizuho

in the procurement of new facilities at the Iqaluit International Airport under a public-private partnership model

in its $179,000,000 project financing of the Raleigh Wind Energy Project

in financing its investment in the Primex Group

in the successful bid by PCL Constructors Canada

in a $181 million re-development of The Ottawa Hospital General Campus and the Queensway-Carleton General Campus

in the sale of its Terrawinds wind energy project near Riviere-du-Loup, Quebec and related assets for approximately $300 million

in the $104.1 million alternative financing and procurement transaction involving the redevelopment of the Mississauga and West Toronto campuses of Trillium Health Centre

in the $131.9 million alternative financing and procurement transaction involving Phase Two of Hopital Regional de Sudbury Regional Hospital's redevelopment project

in the $44.9 million alternative financing and procurement transaction involving the redevelopment of the Hamilton General Hospital campus

$36.4 million project financing for the Stoney Nakoda First Nations casino in Alberta

in the completion of a cross-border US$180-million term loan B facility and a US$15-million working capital facility for Connacher Finance

in the alternative financing and procurement transaction for a new acute care hospital and cancer centre in St. Catharines

in the $93 million alternative financing and procurement transaction involving the construction and financing of the new Roy McMurtry Youth Centre in Brampton

in the $214 million expansion and redevelopment of Bluewater Health's Norman Site

in the alternative financing and procurement transaction for the North Bay Regional Health Centre

in a $400-million joint venture between MEG Energy Corporation and Devon ARL Canada

in the project development of the Niagara Gateway Casino Complex

in connection with the negotiation and structuring of commercial agreements including ownership agreements among various aboriginal groups

in the Hamilton-Wentworth water and wastewater system public-private partnership

in its involvement in the Athabasca Oil Sands Cogeneration Projects (150 MW and 170 MW; $274 million)

in the $1.5 billion, 1000-MW Barking Independent Power Project in London, England

in the project financing of seven independent power projects

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Repeatedly Recommended, Project Finance (Calgary and Toronto)

Recognition

Gatlin Smeijers

Environmental Lawyer at Bennett Jones Toronto

Partner

Sander A.J.R. Grieve KC

Global Mining Finance, M&A, Exploration, Development and Extraction Lawyer at Bennett Jones Toronto

Andrew N. Disipio

Securities, Corporate Finance and Mergers & Acquisitions Lawyer at Bennett Jones Toronto

On April 17, 2025, the Ontario government introduced Bill 5, called the Protect Ontario by Unleashing Our Economy Act, 2025 (Bill 5), an extensive legislative proposal aimed at accelerating resource development and reducing regulatory burdens across Ontario's key industries, including mining. Notably, Bill 5 also proposes a new discretionary authority to deny the issuance of mining leases and cancel existing claims and tenures for the purpose of protecting the "strategic national mineral supply chain".

Ontario Moves to Fast Track Mining Expand Discretion Over Tenure

Ontario Moves to Fast Track Mining, Expand Discretion Over Tenure

Denise D. Bright

Public and Private Company Financial Transactions and Securities Lawyer at Bennett Jones Calgary

Partner 

Jason D. Roth

Infrastructure Development Project, Engineering, Construction and Procurement Lawyer at Bennett Jones Calgary

Brian P. Reid

Litigation, Construction, Joint Venture Agreement and Builder's Lien Lawyer at Bennett Jones Calgary

The British Columbia Court of Appeal recently held that structural consultants have a prima facie duty of care to the owner of a building to ensure that the building does not contain defects that pose a foreseeable danger to the health and safety of its occupants.

Duty Calls BCCA Considers Duty of Care Owed by Structural Consultants to Building Owners

Centurion Apartment Properties Limited Partnership v Sorenson Trilogy Ltd., 2024 BCCA 25

Duty Calls: BCCA Considers Duty of Care Owed by Structural Consultants to Building Owners

Geoffrey P. Stenger

Project Development, Energy, Infrastructure and Construction Lawyer at Bennett Jones Calgary

Other than cash, a standby letter of credit (LoC) is generally considered the most liquid form of performance security. While beneficiaries generally believe drawing on an LoC should be a relatively simple process, many do not understand the extent to which the counterparty could try to stop you. This issue was addressed in Pacific Atlantic Pipeline Construction v Coastal Gaslink Pipeline Ltd (2023) ABKB 736.

How Liquid is Your Letter of Credit

How Liquid is Your Letter of Credit?

Scott H. D. Bower KC

Corporate, Commercial, Securities and Energy Lawyer at Bennett Jones Calgary

Bonds are commonly used on construction projects in Canada to provide security for owners, subcontractors and other parties supplying labour and materials in the event of an insolvency or other performance failure. However, in the recent Ontario Court of Appeal decision of Urban Mechanical Contracting Ltd v Zurich Insurance Company Ltd, 2022 ONCA 589, the ability of an innocent third party to bring a claim under a bond may be called into question.

Third Party Rights Not Absolute Bar on Rescission of Bonds Issued

Third Party Rights Not Absolute Bar on Rescission of Bonds Issued Due to Fraudulent Misrepresentation

The Government of Alberta is looking to increase transparency, predictability and accountability in its capital project spending decisions. On October 25, 2021, Alberta Infrastructure Minister Prasad Panda introduced Bill 73, Infrastructure Accountability Act proposing six criteria for capital project evaluation and a strategic capital plan. The Bill is currently in its second reading in the Legislative Assembly of Alberta.

Bill 73 Increased Accountability for Capital Project Spending

Bill 73: Increased Accountability for Capital Project Spending

Mark P. Kortbeek

Private and Public Corporation Commercial Transaction Lawyer at Bennett Jones Edmonton

On December 1, 2020, the Alberta Ministry of Infrastructure released the new Public-Private Partnership Framework and Guideline and the new Unsolicited Proposal Framework and Guideline, with the aim of finding alternative ways to deliver infrastructure projects, while enticing the private sector to come forward with creative financing solutions. Both the P3 Framework and USP Framework seem to indicate a heavy shift towards the usage of the public-private partnership model in Alberta on capital projects.

Project Finance

Overview

Key Contacts


Bennett Jones Project Finance We advise sponsors, lenders and investors on complex project financings, delivering innovative legal solutions that secure funding and drive projects to completion. Key Contacts Yannick BeaudoinPartner Denise D. BrightPartner S. Paul MantiniPartner Mark RasilePartner Karen J. DawsonPartner Overview Innovative, creative and commercially-sound solutions must complement traditional financing structures and methods in order to finance a major project. Regardless of the industry, legal counsel with an understanding of major projects and structured finance techniques is essential to obtaining the funds and security required. Our firm's experience extends from assisting start-up companies in emerging industries to financing infrastructure and public private partnerships (PPP, P3, AFP). The breadth of our experience includes facilitating loan agreements, monetizations, securitizations, restructurings and co-financings from multiple credit institutions. In addition, due to our depth, we are able to provide our financing clients the added scrutiny of our leading tax, regulatory, litigation and commercial minds, where necessary. Key Contacts Yannick Beaudoin, Partner Montréal • 514.985.4529 • beaudoiny@bennettjones.com Denise D. Bright, Partner Calgary • 403.298.4468 • brightd@bennettjones.com S. Paul Mantini, Partner Toronto • 416.777.4837 • mantinisp@bennettjones.com Mark Rasile, Partner Toronto • 416.777.5088 • rasilem@bennettjones.com Karen J. Dawson, Partner • Co-Head of Banking & Secured Transactions Practice Calgary • 403.298.3302 • dawsonk@bennettjones.com