Debt Raising & Project Finance

Does your project need Funding?  We are ex-Investment Bankers : we’ve been through Credit many times – so we already know the questions that will be asked. We can explain potential funding avenues as well as past Advisory assignments we’ve had: Issues encountered and how they were solved. We have been involved in raising > $2billion of funding since 2016, across Project Finance, Export Credit, Equipment Leasing and other avenues.  As ex-bankers, We can do all the work for you, or guide you on all aspects of the debt raising and all documents and due diligence required by the Lender.

How can we help?  A debt raising can be a complex and time consuming exercise. We can execute all tasks required – just some listed below

  • Creating the financial model, or taking your operational model and overlaying debt calculations to ascertain debt capacity
  • Debt Term Sheet negotiation and Legal documentation negotiation
  • Risk Transfer Analysis for PF non-recourse transactions
  • Writing all documents required by the Lender
  • Organising all DD required (Technical, Legal, Market, Insurance, Risk, Social Governance & Environmental, FX, Hedging, etc)
  • Completing all CP’s to financial close.

Why choose us?

  • Lending experience: We are ex-Bankers now working on the “other side of the ledger”, for Corporates. Thus we’ve been through credit many times and already know the questions they will ask. If your Debt Adviser has not worked in banking they may not know the potential hurdles and typical questions that will be asked – we will let you know.
  • Independence:  We have no affiliation to any bank, therefore we will present an unbiased funding solution that suits you – not the lender. Nor are we an accounting firm, thus no conflict from potentially being the accountant for a counterparty.
  • Funding Options : We can present diverse funding options. From Project Finance to working capital, equipment financing, or more “vanilla” corporate lending, based on the total assets and strength of the borrower, rather than a discrete project – we can assist with all
  • NAIF : Specific to the Northern Australia Infrastructure Facility (www.NAIF.gov.au) we have worked with two clients to access more than $900m of this funding.  Consequently we are very familiar with this process and have executed the whole process and submitted all documents required by NAIF, on behalf of the client. We did the work – therefore letting the client focus on the wider project.
  • Complex Modelling : Project Finance, and moreover, the financial modelling of, can be complex. Therefore don’t leave it up to inexperienced advisers who’ve not worked in PF. 
  • All Industries: We can arrange debt funding across all sectors, and have an expertise in Resources, Energy & Infrastructure sectors. Please visit our page here, to see our experience in this field
  • Project Finance experience: the founder of Rock Financial Advisory, Emma McPherson previously worked in the Project Finance departments of Bank of America and BNP Paribas for more than 13 years. She therefore brings a wide knowledge of PF transactions-some listed below.
Sponsor/­ClientSectorTrans­action
Integral EnergyElectricity distributionAcquisition of Victorian power distribution business : Citipower
Singapore PowerElectricity distributionAcquisition of Victorian power transmission asset: PowerNet
Southern CompanyElectricity distributionKogan Creek
AXAElectricity distributionVictorian Co-generation hospitals project
IntergenElectricity distributionConstruction of Millmerran power plant in Queensland, Australia
IntergenElectricity distributionAcquisition of 50% of Callide C power station in Queensland, Australia
IntergenElectricity distributionSale of a % of Yallourn power station in Victoria, Australia
Wesfarmers & Williams IncGas DistributionPrivatisation of Dampier to Bunbury natural gas pipeline in Western Australia
EPIC Energy ConsortiumGas DistributionPrivatisation of Dampier to Bunbury natural gas pipeline in Western Australia
AGL ,CMS, and TransAltaGas DistributionGoldfields gas pipeline
Boral/ EnvestraGas DistributionPrivatisation of Victoria’s gas distribution/retail assets: Westar/Kinetik Energy
DukeGas DistributionA$900m facility for refinancing of Dukes gas pipeline assets in Australia
PGTGas DistributionSale of Ballera Gas Pipeline, Queensland
BHP/IncitecIndustrySouthern Fertilisers
Dyno NobelInfrastructureConstruction of Queensland ammonium nitrate plant
Prime Infrastructure GroupInfrastructureDalrymple Bay Coal Terminal
Minera Alumbrera copper & gold mineNatural ResourcesRefinancing
Mitsubishi DevelopmentNatural resourcesMitsubishi Development’s increase in ownership in 7 coal mines in Australia
OilsearchOilAcquisition of PNG assets
Sithe Energies AustraliaPowerAcquisition of BHP’s Power Assets
Consolidated Edison &Texas UtilitiesPowerPrivatisation of South Australia’s power assets
MTETransport InfrastructurePrivatisation of Victoria’s transport assets
Australian Rail Group =Wesfarmers/Genessee WyomingTransport InfrastructurePrivatisation of National Rail & Freight Corp
Toll/LaingTransport InfrastructurePrivatisation of National Rail & Freight Corp