Lorne is a partner in the business law department based in the firm’s Calgary office. Lorne’s practice focuses on project development and project finance for oil & gas, pipeline, petro-chemical, electrical power, renewables, and infrastructure sectors. He has significant experience with domestic and international project finance transactions and corporate lending practice, primarily in the energy, power, and infrastructure sectors. Lorne is recognized as one of the leading project finance, electricity, equipment finance, leasing, and banking lawyers in Canada by national and international ranking directories. Lorne is also a PEng (non-practising) and Member of the BC Professional Engineering Association.
On Aug. 27, 2020, Kineticor Resource Corp., together with joint development sponsors Macquarie Capital and OPTrust and project sponsors OPTrust, Axium Infrastructure and DIF Capital Partners, successfully closed financing on the $1.5-billion Cascade Power Project
NEP Canada Corp., a wholly owned subsidiary of Newton Energy Partners LLC of Houston and a portfolio company of Kayne Anderson Funds, indirectly sold all of the outstanding shares in NEP Canada ULC, its Canadian exploration and production operating subsidiary, to Aspenleaf Energy Ltd.
On April 13, 2017, Capital Power Corporation (Capital Power or the Company) (TSX: CPX) announced that it had successfully completed the acquisition of Veresen Inc.’s two gas-fired generation facilities in Ontario, consisting of the 84 MW East Windsor Cogeneration Centre and a 50 per cent interest in the 400 MW York Energy Centre.
On December 14, 2016, Tervita Corporation (“Tervita”), a leading environmental solutions provider, implemented its court-approved plan of arrangement under the Canada Business Corporations Act (the “Plan”).
On May 30, 2016, Sterling Resources Ltd. (“Sterling”) closed a series of recapitalization transactions (the “Recapitalization”) in relation to its wholly owned subsidiary’s senior secured bond (the “Bonds”). Pursuant to the Recapitalization, on the closing date Sterling: (1) completed a rights offering by way of a short-form prospectus dated April 20, 2016, that raised aggregate gross proceeds of $1,303,646.48, all of which were used to release and cancel a portion of the outstanding liabilities under the Bonds; (2) issued an aggregate of 14,192,862,213 common shares to or on behalf of the holders of the Bonds in exchange for the release and cancellation of approximately US$173 million of further liabilities under the Bonds; and (3) entered into an amended and restated agreement governing the remaining liabilities under the Bonds of approximately US$40 million, a new super senior credit facility with certain of the holders of the Bonds in the amount of US$40 million and an intercreditor agreement.
On June 25, 2014, North West Redwater Partnership entered into a four-year $3.5 billion syndicated credit facility with Canadian Imperial Bank of Commerce, JPMorgan Chase Bank, N.A., Toronto Branch, Royal Bank of Canada, certain other lenders, and Royal Bank of Canada, as agent.