Braden Sheps Partner

Mandats représentatifs

Recent representative work includes:

• Counsel in 2021 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 in 2021 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 in 2021 to Pipestone Energy Corp., an oil and gas exploration and production company, on the amendment and restatement (and renewal) of its syndicated borrowing base credit facilities with a syndicate of banks, re-affirming its borrowing base at $225 million.
• Counsel in 2021 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 in 2020 to a major Canadian financial institution in connection with CCAA exit financing to an oil sands development company
• Counsel in 2020 to a junior oil and gas development company in connection with its $40 million senior secured credit facility
• Counsel in 2020 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