Project Finance

Rock Financial Advisory is Project Finance: we are ex- PF Investment Bankers now working on the “other side of the ledger”, for Corporates.  We provide project finance solutions across all Industries.
– Rock Director Jonathan Ballantyne was Head of Project Finance for Westpac, Australia, and thereafter a Director at NAIF.
– Rock Director Emma McPherson, worked in Project Finance at Bank of America and BNP Paribas for > 13 years.  
Thus we’ve been through credit many times and already know the questions that will be asked. If your Adviser has not worked in banking they may not know the typical hurdles, credit questions, the unique/sometimes complex financial modelling requirements, and legal documentation of PF.

All Sectors/All Industries. We have a network of funders with appetite for various risk levels/ stages of life in a project: from early stage/ in construction/ no revenue, to a producing asset. Funders range from non- bank lenders, offtake advance, royalties, asset finance, etc (for early stage) to traditional PF, Acquisition finance, export credit, etc, for established businesses. Since 2016 we have been involved in > AUD$2billion of fund raising.

We can provide introductions to funders, and complete the entire transaction for you-letting you focus on the project/ business i.e. :

  • Set up your data room
  • Create the financial model, or take your operational model and add typical 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

Project Finance – Why choose us?

  • Attention : As we are boutique, we accept a smaller amount of mandates, but on every mandate, clients will have the sole attention of a Director of our firm, who will also execute all aspects of the mandate – thus the client (and the funder) only deals with one person.
  • 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.
  • 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 Project Finance
  • 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
    NAIF : Specific to the Northern Australia Infrastructure Facility ( we have worked with clients to access more than AUD$1.2billion of NAIF funding.  Consequently we are very familiar with their project finance process and have executed the whole process with NAIF, on behalf of the client. We did the work – therefore letting the client focus on the wider project.

Call us today to see how we can assist in fund raising and project finance.

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