Overview

This 2-day course provides an opportunity to gain a basic understanding of Project Financing as an effective alternative to conventional finance. The method is successfully used ever more often on a wide variety of high-profile corporate development projects and has been long used to fund natural resource projects and acquisitions. This course takes the student through the process, documentation and analysis step-by-step. Two major case studies are examined; a refining project and an infill drilling gas field development project. Participants examine the limitations of the method, due diligence, basic contracts, impact of cost/price forecasting, a discussion of the use of futures, pre- and post-completion risk and guarantees, debt structuring, political and environmental risk, time line for finance completion, and the role of rating and credit agencies. Through case study and use of provided financial models, the participant will be afforded an opportunity to gain familiarity with the primary terminology, risk factor identification and quantification, credit challenges, contracts and relationships required in this finance methodology. The course includes a consideration of lender perspective of bridge loans, construction and portfolio financing. Participants are requested to have a laptop with them in the course.

A complete set of course materials and lunches are included.

Outline

How Project Finance Differs from Conventional Finance

Limitation of Recourse and Meaning

Due Diligence Requirements

Contracts

Project Finance Rationale

Pre-Completion Contracts

Performance Bonds, EPC Structures and Guarantees

Project Cash Flow and Debt Structuring

Limitations of Predictive Modeling

Insurance Usages

Project and Equity IRR

Credit Challenges

Risk Quantification

Delivery Method: Classroom Training
Fee: $ 1395 CAD
Early Bird Fee: $ 1,255.50 CAD Enroll prior to Aug 5, 2011, nonrefundable
Location Calgary, AB