Richard P. Borden
Practising extensively in the area of commercial transactions, Rick focuses on large-scale projects and financings in the resource sector including oil sands projects, pipeline projects, LNG projects, takeover bids and trust conversions. His clients include major Canadian banks and project sponsors and he has strong relationships with the key project lending specialists within the major Canadian banks.
He has also developed expertise in joint venture transactions in the oil and gas industry and often advises on matters such as voting, default and remedy provisions in joint venture agreements. Rick generally acts as the lead counsel on all of the transactions in which he is involved and is directly involved in structuring matters, due diligence investigations, negotiation of the key business terms and drafting from the term sheet stage through to final documentation.
In addition, he has been extensively involved in negotiating intercreditor agreements and third party consents and acknowledgements with third party project participants in various project financings. Whether acting for borrowers or lenders, Rick's strength lies in combining a high degree of technical expertise with a commercial approach which facilitates the successful completion of complex financings.
- University of Regina, B.A., 1980
- University of Saskatchewan, LL.B., 1983
- Alberta, 1984
- Member, Law Society of Alberta
- Member, The Calgary Bar Association
- Currently acting for a major oil shipper on a proposed new cross-border pipeline project
- Currently acting for Kitimat LNG Inc. Which is arranging financing and transportation arrangements for the construction of an LNG import, regasification and send-out terminal near Kitmat, British Columbia
- Currently acting for Western Oil Sands Inc. which has entered into numerous project financings and ongoing amendments thereto in excess of a cumulative aggregate of $1billion for the Athabasca Oil Sands Project. This mandate included the raising of U.S. $450 million through a 144A placement of notes.
- Currently acting for OPTI Canada Inc. which recently raised $800 million in project financing for the Long Lake Oil Sands Project. This mandate also included acting for OPTI with respect to the negotiation and documentation of transportation arrangements for new pipelines with Enbridge.
- Currently acting for UTS Energy which is arranging financing for Fort Hills Oil Sands Project and negotiating joint venture arrangements with Petro-Canada.
- Currently acting for Imperial/Conoco-Phillips/Shell in financing matters relating to the Mackenzie Valley Pipeline Project and their relationship with Mackenzie Valley Aboriginal Pipeline Limited Partnership.
- Currently acting for TD as financial advisor to Synenco Energy Inc. in financing the development of the Northern Lights Oil Sands Project.
- Acted for Taylor NGL Limited Partnership on its recent acquisition and financing of the Harmattan gas processing complex.
Acted in 2004 for Taylor Gas Liquids in the acquisition and construction of various ethane and related pipeline with Nova Chemicals Corporation. - Acted in 2003 and 2004 for various issuers of U.S. notes to U.S. institutional investors.
- Acted in 2002 and 2003 for CIBC in financing the acquisition of the Cold Lake Pipeline System by Inter Pipeline Fund.
- Acted in 2000 and 2001 for Alliance Pipeline in various contracting matters relating to Aux Sable.
- Chambers Global Band 3 Ranking
- Banking & Finance
- Designated as a Leading Practitioner, 2008 Lexpert/ALM 500
- Banking Law
- Project Finance Law
- Designated as a "Best Lawyer in Canada", 2007
- Banking Law
- Project Finance Law
