Braden Sheps

Representative Work

Braden's financing practice includes representing lenders and borrower in a number different sectors, including most recently:

• Canadian counsel to a global data center colocation and interconnection services provider in connection with a $50 million senior secured priority first lien credit agreement and a $200 million committed DIP financing facility provided by certain of its first lien lenders
• Canadian counsel to the purchasers of over $500 million senior secured notes issued by a major sporting team, in connection with the refinancing of its arena
• Counsel to the agent and lending syndicate for the $375 million increase and renewal of an Alberta energy company's syndicated borrowing base credit facilities
• Canadian counsel to a North American energy marketing and trading company in connection with its $529 million secured uncommitted credit facilities
• Counsel to the agent and lending syndicate in connection with cross border senior secured credit facilities for a Western Canada/US biofuels production company
• Counsel to the agent and lending syndicate in connection with $75 million senior secured credit facilities for a leading North American payment and software company
• Counsel to the agent and lending syndicate for approximately $80 million senior secured development facilities in respect of a multi-storey residential project in downtown Calgary
• Counsel to the agent and lending syndicate for approximately $90 million senior secured development facilities in respect of a retirement and lifestyle community in Calgary
• Counsel to low carbon infrastructure developer Nexus Program Management Group, LLC, as part of BioNorth Energy Limited Partnership, an Indigenous-Industry joint-venture partnership with the Arrow Group of Companies and the Nak'azdli Development Corporation, with respect to the joint venture's acquisition of the Fort St. James Green Energy Project in northern British Columbia
• Counsel to gravel and aggregate pit owner and operator JMB Crushing Systems Inc. and related entities with respect to the company's complex CCAA restructuring, resulting in the sale of its business and certain assets to Mantle Materials Group, Ltd., the vesting of the remaining assets in a newly created numbered company, and the creation of an environmental reclamation fund for the reclamation of aggregate and gravel pits that are to be retired. (This was the first case in Alberta and one of the first few in Canada to use the mechanism of a reverse vesting order to transfer and vest out assets and liabilities of a debtor company as part of a sale process to preserve certain tangible and intangible assets that would otherwise not be transferrable as part of a sale.)
• Counsel to the administrative agents and lending syndicates for borrowing base financings provided to two energy companies in connection with their successful joint acquisition of key strategic energy interests in northwest Alberta
• Counsel to a major Canadian financial institution in connection with CCAA exit financing to an oil sands development company
• Counsel to a junior oil and gas development company in connection with its $40 million senior secured credit facility
• Counsel to the agent and lending syndicate for $121 million senior secured acquisition and development credit facilities in respect of an Edmonton commercial leasing project and future condominium development