• Clarify the terminology and background to modern project finance
• Examine different project financing techniques and their application
• Describe the benefits of project finance as a means of financing specific
types of investments
• Look at the project management issues for a large project financing,
including syndication issues
• Examine the roles of the different players in project finance and the
value added by them


Who should attend
This course is designed for financiers, sponsors and supplier companies
to this important area of finance, presenting finance and export
opportunities for projects large and small. Prior knowledge of investment
appraisal techniques is assumed, as is spreadsheet knowledge.

Delegates will benefit from having attended the following courses –
Finance for Non- Financial Managers in the Petroleum Industry


Course contents
• Origins of Project Finance
• Basic techniques; 3 things to consider – concepts of recourse and non-
recourse, with limited recourse as a half way house. Cost issues as risks
shared/laid off
• Concepts of equity and debt risks
• Definition of a project – boundaries, objectives & project management
• The business plan – key document, template for future documentation
• Players – what they all do, project management of the teams
• The business itself – technology, feasibility
• Getting the right structure
• Risk and risk management, risk checklists, costs, reality
• Case study – based on a real example, this addresses risk, reward and
creativity in project finance
• Structuring and managing the financing – contracting, project
management, equity and debt
• Cashflow, assets and risk – project modelling, sensitivity and scenario
planning
• Legal structures and special purpose vehicles
• Security – what is the asset; can it be given to lenders; what are the
risks?
• Setting up the financing package – the syndication process; just what
can go wrong if the deal is apparently underwritten?
• Managing the financing – the banks, their lawyers, advisors and how to
manage them and their costs and demands.

Cost: €2,500
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