Dates: October 16-27, 2017
Location: Washington, DC
This course developed by the Institute for Public-Private Partnerships, A Tetra Tech Company (IP3), has been designed to assist lawyers and investment officers in understanding the legal issues that arise in limited recourse and non-recourse financing. It introduces the project finance model and compares it to corporate balance financing. The legal relationship between the Special Purpose Vehicle (SPV), the equity, and the secured lenders is explained. The structure of the core financing and project documents will be examined along with the project finance risks that affect the key parties. The collateral trust agreements, inter-creditor agreement, and guarantees will also be discussed with illustrative clauses to highlight key structuring issues.
Our experienced transaction attorneys will explain the often confusing terminology applied in the field of Project finance.
- Comparing the structures of limited-recourse project financing and corporate and sovereign financing techniques.
- Understanding the key risks and flashpoints in typical project finance negotiations.
- Understanding the relationship between the financing documents and the financial model, and the key financial ratios such as the Debt Service Coverage Ratio (DSCR).
- Learning the practical methods of drafting and documenting a project finance transaction.
- Understanding how to structure and draft a useful term sheet of the various instruments that enhance the bankability of the project.