Financing Agreements in Project Finance

2 days 11-12 Dec 2017, Paris France 3,550.00 + VAT* Download brochure Add to basket

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Overview

"A very good, extensive, detailed and focused training course"
Past Attendee, BNP Paribas

"It was a very good, informative and practically useful course"
Past Attendee, The Arab Investment Company

Course overview

Following the financial crisis, project finance transactions are on the rise. While the crisis saw an increased role for International Financial Institutions in developing countries, commercial banks are slowly returning to project finance in the developing and developed world.

Basic project finance techniques applied to well structured deals are still the rule. Sponsor support is often a deal breaker. Many PPPs are combining Viability Gap Financing along with commercial lending and concessional loans.

 
Course Highlights Include:

  • Understanding the role of project documents
  • Reviewing the concession contract, power purchase agreement, turnkey construction contract, and operation and maintenance agreements
  • Understanding risk allocation
  • Analysing key provisions of project loan agreements
  • Examining the security documents
  • Considering both direct and sponsor support agreements
  • Learning effective documentation techniques
  • Explore the main covenant issues

 
Methodology

This course:

  • Focuses on the different documents involved
  • Analyses key provisions of project loan agreements
  • Explores security, direct & sponsor support agreements
  • Describes effective documentation techniques
  • Reviews main covenant issues

Instructors

We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

Paris
John D. Crothers

John D. Crothers is a partner in the Paris office of Gide Loyrette Nouel. His practice concentrates on project finance, banking and privatisation in both the developing and developed world.

John has advised international financial institutions, concession companies, operators, contractors and bidding consortia in infrastructure projects ranging from toll roads to IPPs, water treatment facilities and mobile telephony.

Prior to joining Gide Loyrette Nouel, John was counsel to the EBRD in London and thus has in-depth knowledge of how to work with IFIs. John is a member of the Bar in New York and Paris.



 


 

Venue

Paris

Centrally located hotel in Paris

This programme takes place on a non-residential basis at a hotel in central Paris. Non-residential course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.

Related Courses

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To find out more about running this course in-house:





Our Tailored Learning Offering

If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. We'll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

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Read more about our offering or complete a call back request to speak to a learning specialist.

 

Agenda

Day 1


The Role of the Project Documents

  • Overview of what constitutes ‘project documents’ and their role in a project
  • Lender’s perspectives as compared to sponsors and offtakers

The Power Purchase Agreement
Presentation of key issues of bankability in a power purchase agreement/concession agreement, including:

  • Different structures available: take or pay, minimum take, merchant
  • Entry into operation
  • Site/existing assets
  • Payment structures
  • Payment security
  • Step-in rights
  • Termination
  • Dispute resolution

Workshop: The Power Purchase Agreement/Concession Contract
Delegates will analyse provisions of a power purchase agreement and concession agreement to identify key areas of bankability.

Turnkey Construction Contract
Presentation of turnkey construction contracts and key issues of bankability, including:

  • Single point responsibility
  • Fixed price
  • Date certain
  • Liquidated damages for delay and performance
  • Warranties
  • Termination
  • Dispute resolution

Operation and Maintenance Agreements
Presentation of key issues of bankability in O&M agreements

  • Different structures available
  • Guarantees
  • Duration
  • Dispute resolution

Workshop: Risk Allocation
Delegates will be split into groups and will examine a case study using risk allocation techniques.


Day 2


Introduction to Financing Agreements

  • What are financing agreements?
  • Main particularities and typical provisions of each of the basic financing agreements will be analysed:
    – Loan agreement
    – Intercreditor agreement
    – Security documents
    – Sponsor support

Dealing with International Financial Institutions

  • Lenders of last resort/preferred creditors
  • A loan & B loan

Analysing the Loan Agreement

  • The term sheet
  • Overview of the structure and content of a syndicated loan agreement
  • Key project covenants

Examining the Security Documents

  • Representations and warranties
  • Affirmative and negative covenants
  • Events of default

Explaining the Support Agreements

  • The significance of support agreements
  • The sponsor’s role
  • Forms of support from sponsors
  • Key provisions
Why us


We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product