Philip has a practical focus on business transactions and this is a result of a background in civil engineering. Philip has nearly 20 years in acquisition and finance transactions including credit facilities, project finance and construction financing. Active clients include business owners, developers, first nations and lenders which are focused on electricity, oil & gas, construction and manufacturing. In addition, Philip has provided legal support to seven operational run-of-river and wind facilities which represent over $600 million of capital expenditures. Philip previously practiced at a national firm in Calgary focused on finance and acquisitions.
Member, Clean Energy BC
Member, Law Society of British Columbia and Law Society of Alberta
“Legal Issues in Acquisitions and Acquisition Financing”; NAI Commercial, November 2016
“Legal Issues in the Exit”; Surrey Board of Trade and Association of Corporate Growth – Financing, Buying and Selling Businesses, November 2012
Represented Fort McKay First Nation and Mikisew Cree First Nation in their
$503 million acquisition from Suncor Energy of a 49% interest in the East Tank Farm development (a bitumen and diluent storage, blending and cooling facility located 30 km north of Fort McMurray, Alberta) and with the associated $545 million financing by way of 4.136% senior secured notes rated Baa1 by Moody’s and BBB (high) by DBRS. At closing, the transaction represented the largest-ever business investment by a First Nation entity in Canada.
Represented Rokstad Power (a transmission line contractor) in obtaining over $100 million of credit facilities with Canadian Western Bank and with Crown Capital Partners.
Represented Travelers Capital, Industrial Alliance and Desjardins Financial in arranging $61 million of non-recourse project financing for construction of the 16 MW Box Canyon run-of-river hydropower project.
Represented Fort McKay First Nation in obtaining over $47 million of credit facilities with the Royal Bank of Canada.
Represented civil contractors to reorganize an $80 million general partnership for a hydropower construction project.
Completing numerous tax reorganizations, family trusts, shareholder’s agreements and general commercial contracts.