COMM 486K - Project Finance

This course provides a presentation of the current state of project finance, and the use of the project finance to approach multivariate situations covering projects in Canada and abroad. Project finance is an approach where debt is typically borrowed on a non-recourse or limited-recourse basis in which the cash flows generated by the project, and the assets of the project, serve as the collateral for the lenders. This course will allow students the opportunity to engage with a number of case studies that illustrate the use of project finance. This course will cover quantitative & qualitative project finance techniques and students will engage with the role of investors, lenders, government, key stakeholders (including Indigenous parties) and be introduced to financing considerations they will not have encountered in other courses. The techniques referred to will include exposing students to the structuring considerations required for project finance; specifically focusing on risk allocation across the “7-Axes Framework” which we will introduce in the course. These techniques will benefit students in their careers and in their formation as they cover considerations such as: commercial contracts, leverage, hedging, insurance, hybrid equity structures, amongst others.

Prerequisite: COMM 298.