7336 Techniques for Project Finance - ARBOGAST- 35996
Course Areas: Energy, Natural Resources and Environmental Law
Business and Commercial Law
Time: 6:00p-9:00p ThLocation: CEMO 101 At Bauer College
Course Outline: The Techniques and Tactics of Project Financing (PF) teaches the financial know-how and negotiating approaches needed by Borrowers to implement Project Finance transactions. The Course builds upon the broader strategic material covered in The Strategy of International Project Financing. However, Techniques and Tactics will go into more depth on topics such as credit assessment, deal structuring, choosing advisers, and the final negotiation and documentation of a financing.
To present the material in a practical setting, Case Studies will be extensively used in this course. The cases used will emphasize the energy and petrochemical industries. Multiple cases involving the Terrasia Petroleum Products Pipeline (Teppline) and the Soro Dondar petrochemical complex (Soro Dondar) will be used to allow students to observe the evolution of an actual project financing from inception to execution. A senior ExxonMobil upstream finance executive will join us for one class and discuss specific PF cases in which she has been involved.
The essential theme of the course is that PF borrowers should endeavor to control their project financing from the outset. This can best be done by making a realistic appraisal of a project’s potential to support financing, the definition of clear financing objectives and an assessment of challenges standing in the way of realizing those objectives. Based upon this assessment, borrowers should prepare their own preliminary financing plan. This work should be undertaken before the borrower’s organization commits to do PF, before talking about PF with partners and before hiring a financial adviser. Only by undertaking this upfront assessment will borrowers know the issues to discuss with other stakeholders. Being equipped to shape these conversations will, in turn, enable borrowers to seek only that external advice needed and to control key aspects of the PF process through to execution.
Course Syllabus: For more information and to view the syllabus and sample cases, please visit www.bauer.uh.edu/arbogast/.
Course Notes: To register for this course, students must see Derrick Gabriel in the Student Services Office. There is more space in this class for law students than in the other courses taught by Prof. Arbogast, and this course is the least rigorous in terms of needing quantitative finance skills. Indeed it is designed to for teams of business and law students to work together. Still to assure that you qualify for the course, you must send Prof. Jacqueline Weaver a vita and statement describing your existing background in Finance and your interest in the course. Qualified students will be enrolled on a first-come basis, through Derrick Gabriel.
First Day Assignments:
Final Exam Schedule:
This course will have:
Satisfies Skills Course Requirement: No
Satisfies Senior Writing Requirement: No