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Philip D. Backman Q.C.

Partner

T: 403.298.3366

Calgary

Expertise
Education
Bar Admissions
Recent Experience
Recent Recognition
Insights, News & Events

T: 403.298.3366

Calgary

Related Expertise
Education
Bar Admissions
Recent Experience
Recent Recognition
Insights, News & Events

With financing experience in North America and internationally, Phil acts for both corporate borrowers and lenders involved in syndicated credit agreements, public and private debt issues, cross-border financings, leveraged loans, project financings, debt restructurings, derivatives and other types of financings in oil and gas, oil sands, utilities, pipelines and other industries.

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Related Expertise

Project Finance
Banks & Financial Institutions
Energy: Oil & Gas
Energy: Power & Renewables
Financial Services

Education

University of Manitoba, BA, 1972 University of Manitoba, LLB, 1976

Bar Admissions

Alberta, 1977

Recent Experience
Recent Recognition
Insights, News & Events

Recent Experience

North West Redwater Partnership in connection with its $3.5 billion credit facility and $1.0 billion bond offering, the proceeds of which will contribute to the funding of the construction of North West's $8+ Billion bitumen refinery in the Alberta Heartland. The project is supported by 30-year tolling commitments of the Government of Alberta and Canadian Natural.

Husky Energy Inc. in connection with $3.2 billion of credit facilities.

Acted as lead counsel to Canadian Natural Resources Limited in connection with $4.5 billion syndicated credit facilities with Royal Bank of Canada and other Canadian and international banks.

Veresen Inc. in connection with Cutbank midstream acquisition which included a C$500 million bridge financing, C$550 million credit agreement and C$500 million senior notes.

Cenovus Energy Inc. in a $5 billion term and bridge financing commitment from Royal Bank, the largest commitment in the history of the bank at the time, which was subsequently reduced to $2.5 billion as a result of a successful US$3.5 billion bond offering.

Encana Corporation in connection with a C$4 billion credit agreement.

Precision Drilling Corporation in connection with a US$1 billion credit facility with a group of Canadian and US banks.

Acted as counsel to Precision Drilling Corporation in connection with a $650 million high yield note offering in the U.S. led by Credit Suisse.

Acted as counsel to Precision Drilling Corporation in connection with a $200 million high yield note offering in Canada led the Royal Bank of Canada.

Acted as lead counsel to Flint Energy Services Ltd. in connection with a $175 million syndicated credit facility led by Bank of Montreal.

Acted as counsel to Flint Energy Services Ltd. in connection with a $175 million unsecured high yield note offering led by Credit Suisse.

Clowhom Power LP, a subsidiary of Veresen Inc. in connection with a project financing for a BC hydro project.

Acted as lead counsel to Royal Bank of Canada in connection with a $1 billion credit facility for ARC Resources Ltd.

Acted as counsel for Calfrac Well Services in connection with its $300 million credit facilities and high yield note offerings.

Acted for a public oil sands company in a project financing led by Alberta Treasury Branches and Bank of China (Canada).

Acted for Maritimes & Northeast Pipeline in a $180,000,000 bond offering for its pipeline project.

Riverstone Holdings LLC / Niska Gas Storage Canada ULC in connection with an offering of US$800 million of unsecured notes and a US$400 million secured operating facility.

Alberta Ethane Gathering System LP, in connection with its $110 million issue of series A senior notes.

Deer Creek Pipelines Limited and Deer Creek Energy Limited (now Total EP Canada Limited), in connection with the establishment and structuring of project financing for Joslyn Oil Sands Project.

Nexen Inc., and its U.S. and U.K. subsidiaries, in connection with an aggregate of US$3 billion revolving term credit facilities.

Nexen Inc., in connection with a US$500 million offering of 7.875 percent notes due on March 15, 2032.

ATCO Group, in connection with the sale of its retail energy business to Direct Energy Marketing Limited.

Shell Canada, in connection with Terasen Pipelines (Corridor) Inc.'s $525 million refinancing of the Corridor Pipeline System.

A Canadian company working in oil sands development, in connection with seven credit agreements with Canadian and international banks totalling more than $2 billion.

BNP Paribas, in connection with the completion of a cross-border US$180 million term loan B facility and a US$15 million working capital facility for Connacher Finance Corporation, the proceeds of which were used to finance the construction of Connacher's oil sands project in Northern Alberta and finance the operation of a refinery in Montana.

Northwest Capital Appreciation, Inc., in connection with a $58 million leveraged buy-out of Northern Crane Services and with respect to the debt and equity financing for the acquisition.

Canadian Natural Resources Limited, in connection with a $3.85 billion loan transaction for the purpose of assisting with the acquisition of Anadarko Canada Corporation.

Recent Recognition

Chambers Canada

2018, ranked, Banking & Finance
2017, ranked, Banking & Finance
2016, ranked, Banking & Finance

Chambers Global: The World's Leading Lawyers for Business

2017, ranked, Banking & Finance
2016, ranked, Banking & Finance
2015, ranked, Banking & Finance

The Legal 500: Canada

2017, recommended, Banking and Finance
2016, recommended, Banking and Finance

The Canadian Legal Lexpert Directory

2017, repeatedly recommended, Corporate Commercial Law
2017, consistently recommended, Banking & Financial Institutions
2017, repeatedly recommended, Project Finance

Best Lawyers in Canada

2016, recognized as one of Canada's leading project finance lawyers
2016, recognized as one of Canada's leading banking and finance lawyers
2015, recognized as one of Canada's leading project finance lawyers

Euromoney Legal Media Group's 2006 Guide to the World's Leading Project Finance Lawyers

2006, recognized among the top project finance lawyers in the world

IFLR 1000: The Guide to the World's Leading Financial Law Firms

2008, recognized as a leading project finance lawyer
2007, recognized as a leading lawyer in the area of banking
2007, recognized as a leading lawyer in the area of project finance

Legal Media Group's Guide to the World's Leading Banking Lawyers

2008, recognized as a leading lawyer in Banking

LexisNexis Martindale-Hubbell

Received a BV Distinguished Peer Review Rating

Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada

2011, recognized as a leading banking lawyer
2008, recognized as a leading banking lawyer
2006, recognized as a leading lawyer in banking and financial institutions

Lexpert Guide to the Leading U.S./Canada Cross-border Corporate Lawyers in Canada

2017, recognized as a leading lawyer in the area of banking
2016, recognized as a leading lawyer in the area of banking and financial institutions
2015, recognized as a leading lawyer in the area of banking and financial institutions

Lexpert/Report on Business Special Edition - Canada's Leading Corporate Lawyers

2014, recognized as a leading corporate lawyer in Canada

Lexpert/Report on Business Special Edition - Canada's Leading Energy Lawyers

2016, recognized as a leading energy lawyer in Canada
2014, recognized as a leading energy lawyer in Canada
2013, recognized as a leading energy lawyer in Canada

Who's Who Legal: Banking

2008, recognized as a leading banking lawyer

Who's Who Legal: Canada

2013, recognized as a leading lawyer in the area of project finance
2012, recognized as a leading lawyer in the area of project finance
2010, recognized, Project Finance

Who's Who Legal: Project Finance

2012, recognized as a leader in project finance
2010, recognized as a leader in project finance
2009, recognized as a leading lawyer in project finance

Who's Who Legal: The International Who's Who of Business Lawyers

2013, recognized as a leading lawyer in the area of Project Finance
2011, recognized as a leading lawyer in the area of Project Finance
2008, recognized as a leading lawyer in the area of Banking

Who's Who Legal's The International Who's Who of Business Lawyers

2006, recognized in the field of project finance

Woodward White's The Best Lawyers in Canada

2006, recognized as a leading lawyer in the area of banking law

Insights, News & Events

Announcements

Four Bennett Jones Practices Ranked Band 1 by Chambers Global 2017

March 16, 2017

Announcements

Bennett Jones Receives Top Honours in Four Practice Areas by Chambers Global Rankings

March 18, 2015

In the News

Bennett Jones in AmLaw Daily

February 21, 2012

In the News

Bennett Jones Lawyers Honoured with Queen's Counsel Appointments

December 30, 2011

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