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   Project Finance | Products and Services | Industry Focus

TD Banknorth Project Finance specializes in providing financing solutions for the development, acquisition and expansion of power generation, renewable fuels and energy, and related infrastructure projects throughout North America.

Our professional staff is experienced in developing financing solutions for large and small projects in a variety of industries. We will work closely with you to help you meet your financing objectives and offer tailored solutions including the following:

Secured and unsecured senior and subordinated debt facilities

Typically underwritten for $3-$50 million, with terms up to 15 years. Loans are typically provided to the project/borrower on a collateral secured basis and are non-recourse to the project sponsor. The basis for the loan value/amount is via projected project cash flows and/or project asset value. TD Banknorth Project Finance acts as agent bank with substantial hold positions, and in many cases acts as sole lender on these facilities.

Construction loans

Up to 100 percent funding for project development and construction is underwritten to cover through mechanical completion and start-up of the project. On project completion, these facilities are converted into term loans and amortized over the agreed term which can be supported by the project's contractual off-take arrangements.

Working capital loans

Structured as revolving credit, revolving credit to term conversion option, or rolling short-term loans, these facilities are available to fund seasonal working capital needs, as well as provide day-to-day liquidity based on qualified accounts receivable and inventory levels.

Letters of credit facilities

These are available to provide credit enhancement for project obligations and debt service reserve obligations as part of an overall project funding program, or as standalone facilities.

Loan and tax equity syndication and underwriting

Syndication of debt participations for both underwritten debt commitments and on "best efforts" basis. Tax equity syndications to allow project owners to monetize various tax benefits including investment tax credits, production tax credits and accelerated depreciation generated by the ownership of renewable energy projects.

Financial modeling and advisory services

As part of TD Banknorth Project Finance's customer service, we provide loan sizing and amortization models for each project. In addition, we have the ability to provide assistance on request in reviewing and refining customer business models in preparation for project implementation.

Project finance loan administration

Once your loan is closed, TD Banknorth Project Finance's professional loan administrators will make sure that all aspects of your loan are maintained properly including billing, insurance and UCCs. Our administrators work closely with clients to insure that all client post-closing needs are met.

Trust Services

Through TD Banknorth Wealth Management Group, Project Finance can provide trust services to projects including lock-box revenue collection, investment of project cash, administration of payment "waterfall" accounts and other related trust services.

Interest Rate Derivatives

Project Finance can work with the TD Banknorth Derivatives Group to help borrowers hedge interest rate risk. The Derivatives Group will formulate customized strategies to reduce project risk through the use of swaps, options and structured financial products.

Contact Us

Call a Project Finance representative at 203-291-6639 or send us an e-mail.