Providing diligent and timely service on commercial financings
Background
Overview
Background
The cyclical nature of Alberta’s resource-based economy provides unique opportunities and challenges for companies operating in the province. During the economic downtown which accompanied falling oil prices in 2015 and 2016, most companies in the oil and gas industry experienced a sharp decline in revenues. Our client, a publicly traded company and leading provider of oil and gas services throughout the province, was faced with an operating shortfall and needed financing quickly.
Field Law Service
The lawyers in our Business Law Group immediately began working to coordinate the financing, which included amendments to credit agreements with our client’s senior secured lenders. Concurrent with the financing, our Business Law Group addressed securities and corporate compliance issues. We were able to close the financing transaction in a matter of weeks and our client was able to continue its operations.