Ira Cooper  

Partner

Executive Summary

Ira Cooper is a partner in our Financial Services Group in Calgary. His practice focuses on corporate finance and, in particular, banking, corporate lending, commercial lending, project finance, structured finance, acquisition financing and Personal Property Security Act matters.

Ira acts for both lenders and investors as well as borrowers and issuers in connection with numerous types of domestic, cross-border and international debt financings. Recent transactions have included major acquisition financings, corporate credits, financings of private-equity takeovers, private placements, bond issuances, cross-border financings, covenant based financings, margined financings and have included financings in various industries ranging from energy, energy services and pipelines to agriculture and the food industry. His transactions range from investment grade and covenant based financings to energy reserves and accounts and inventory margining facilities to demand credit facilities.

Ira currently acts as lead counsel to the lending syndicate numerous companies including Potash Corporation, Parkland Fuel, Alliance Grain, Calfrac Well Services, Petrogas Energy, Phoenix Energy Services, Site Energy Services, Total Energy, Cor Van Raay Farms and Dash Cattle Company. He also acts as lead banking counsel to numerous companies including Birchcliff Energy, Horizon North, Bonterra Energy, and has acted as lead banking counsel to Crescent Point Energy, Enbridge Inc., Enbridge Pipelines Inc., Enbridge Gas Distribution Inc., Enbridge Income Fund, Tangle Creek Energy and Surge Energy and has extensive experience, as borrower’s counsel, in numerous syndicated and bi-lateral debt financings.

Representative Work

  • Lead counsel for the lenders to Potash Corporation of Saskatchewan Inc. in connection with its $US 3.5 billion credit facility
  • Lead counsel to Birchcliff Energy with respect to its senior secured credit facilities in the aggregate amount of $800 million
  • Lead counsel for the lenders to Parkland Fuel Corporation in connection with its senior secured credit facilities in the aggregate amount of $450 million
  • Lead counsel to Calfrac Well Services in connection with its senior secured credit facilities in the aggregate amount of $400 million
  • Lead counsel for Enbridge Inc. in connection with a $3.465 billion syndicated credit facility, a $2.35 billion syndicated credit facility and a US $2.25 billion syndicated credit facility
  • Lead counsel for the lenders to Alliance Grain Traders Inc. in connection with its senior secured credit facilities in the aggregate amount of $350 million
  • Lead counsel to Crescent Point Energy Corp. in connection with its senior unsecured credit facilities in the aggregate amount of $2.1 billion and senior unsecured notes in the aggregate amounts of US $830 million and CDN $142 million
  • Lead counsel to Surge Energy Inc. in connection with its senior secured credit facilities in the aggregate amount of $430 million
  • Lead counsel for Enbridge Pipelines Inc. in connection with a $300 million syndicated credit facility
  • Lead counsel for Enbridge Income Fund in connection with syndicated credit facilities in the aggregate amount of $500 million
  • Acting as lead counsel to Enbridge Inc. in connection with its guarantee of various credit facilities of Enbridge (U.S.) Inc. and in connection with Enbridge (U.S.) Inc.’s US $2.1billion commercial paper program
  • Acting as counsel for the lenders to Baytex Energy Trust in connection with its $490 million senior secured credit facilities

Publications & Presentations

  • Presenter, "Corporate Drafting" — Corporate opinion seminar, 2015 Legal Education Society of Alberta.
  • Presenter, “Hot Topics for Solicitors — Legal Updates in Secured Transactions,” 2014 Alberta Law Conference.
  • Presenter for one of Canada's "Big Banks", Loan Documentation Course.
  • Various presentations to banks on syndicated transactions.

Rankings & Recognitions

  • Recognized as a leading energy lawyer in the 2016 edition of Lexpert®/Report on Business Special Edition on Energy.
  • Recognized in the 2015 edition of the Legal 500 Canada (Banking & Finance; Corporate and M&A).
  • Selected by peers for inclusion in the 2015 edition of The Best Lawyers in Canada® (Banking & Finance Law).