Dana Saric

Dana Saric

Partner, Banking and Financial Services

Contact Information


tel: 403.260.7036


Calgary, Vancouver

Dana’s practice focuses on project development and debt financing in the electrical power, agribusiness and energy infrastructure sectors. She has advised a broad range of bank and non-bank lenders and investors on energy project development, acquisitions, joint venture arrangements, construction matters, hedging arrangements, syndicated and non-syndicated bank loan transactions and public and private debt offerings in the capital markets.

In addition to her project finance and corporate lending experience, Dana has significant experience in negotiating power purchase arrangements and other long-term offtake arrangements, and advising resource developers and offtakers on the opportunities and implications stemming from Canadian climate legislation and carbon markets.

  • Canadian Pacific Railway Company

    The Underwriters in Canadian Pacific Railway Company’s US$8.45 billion note offering

  • Apollo Global Management Inc.

    Apollo Global Management in its $3.3 billion acquisition of Great Canadian Gaming Corporation

  • Cenovus Energy Inc.

    Cenovus in its purchase of renewable energy from the Cold Lake solar project

  • Canadian Natural Resources Limited

    Canadian Natural Resources Limited in the restructuring of the North West Redwater Refinery

  • Genesis Fertilizers

    Genesis Fertilizers in its urea production and distribution system

  • Tulip

    Tulip in its secured financing by BDC Capital

  • Canada Infrastructure Bank

    Canada Infrastructure Bank in its $407.5 million loan to create additional irrigable acres in Alberta

  • Kineticor Resource Corp.

    Kineticor Resource Corp. in the development and financing of the $1.5 billion Cascade Power Project

  • Husky Energy Inc.

    Husky Energy Inc. in its $1.25 billion public offering

  • VetStrategy

    Lenders in Berkshire Partners’ acquisition of VetStrategy

  • Greengate Power Corporation

    Greengate Power Corporation in its agreement with Copenhagen Infrastructure Partners to develop Travers Solar – Canada’s largest operating solar energy project

  • Steel Reef Infrastructure Corp.

    Steel Reef Infrastructure Corp. in its $500 million acquisition of natural gas infrastructure assets from Crescent Point Energy Corp.

  • KKR

    Acting for KKR and AIMCo in their joint acquisition of a combined 65% equity interest from TC Energy in the $6.8B Coastal GasLink Pipeline Project

  • Aspenleaf Energy Limited

    Aspenleaf Energy Limited in its acquisition of NEP Canada ULC

  • Greengate Power Corporation

    Greengate Power Corporation in its $100 million strategic co-development partnership with Fengate Real Asset Investments

  • Brookfield Infrastructure’s acquisition of Enbridge’s Western Canadian Midstream Business

    The syndicate of lenders and the underwriters in connection with Brookfield Infrastructure’s $4.31 billion acquisition of Enbridge Inc.’s Western Canadian Midstream Business

    • Cona Resources Ltd. in its tender offer for US$269.7 million senior notes partially financed by a $160 million second lien term loan.
    • Greengate Power Corporation on the sale of an interest in its Wheatland, Paintearth and Stirling wind projects to an undisclosed purchaser.
    • The lenders in connection with the P3 financing of a compost facility developed by Chinook Resources Management Group, an affiliate of Bird Construction Inc., in Calgary, Alberta.
    • The lenders in connection with the P3 financing of the Moncton Downtown Center multi-use sport and entertainment facility developed by an affiliate of Bird Construction Inc. in Moncton, New Brunswick.
    • Short-listed bidder in relation to the Fort McMurray West 500kV Transmission Project.
    • Veresen Inc. in the formation of a new entity, Veresen Midstream Limited Partnership, equally owned by Veresen and Kohlberg Kravis Roberts & Co. LP, which will acquire certain natural gas assets from Encana Corporation and the Cutbank Ridge Partnership. Osler also represented the partnership in respect of related financing arrangements.
    • BluEarth Renewables Inc. in connection with the project financing of a 15MW run-of-river hydro project located near Squamish, British Columbia being developed by Culliton Creek Power Limited Partnership, a subsidiary of BluEarth Renewables Inc.
    • Canadian Natural Resources in connection with the bridge financing and permanent bank/bond financing as the 50% owner and 25% processor of the North West Redwater refinery project.
    • Bayerische Landesbank and Norddeutsche Landesbank Girozentrale as lenders on the project financing of a 46MW wind farm project located in Pincher Creek, Alberta, known as the Oldman 2 Wind Farm, being developed by a subsidiary of Mainstream Renewable Power and acquired by IKEA Canada.
    • Greengate Power Corporation on all aspects of the development of the 300 MW Blackspring Ridge Wind Project and the sale of the Blackspring Ridge Wind Project to Enbridge Inc. and EDF EN Canada Inc.
    • Brion Energy Corporation, a Canadian subsidiary of PetroChina, on its partnership with TC Energy and its affiliates to construct, own and operate the Grand Rapids Pipeline System and its commitment to ship on the Grand Rapids Pipeline System.
    • Veresen Inc. in connection with project financing of the Grand Valley Wind Farm Project in Ontario.
    • Greengate Power Corporation in connection with the sale of the Halkirk Wind Project and in connection with project financing of the Blackspring Ridge Wind Projects.
  • Find More

  • Best Lawyers in Canada: Recognized in Banking and Finance Law
  • IFLR 1000: The Guide to the World’s Leading Financial Law Firms: Recognized in Banking and Project Finance (Rising Star Partner)

  • Private Power Purchase Agreements (PPAs) in Alberta

    Speaker, Calgary, Tuesday, January 22, 2019

  • Connecting Environmental Professionals

    Speaker, Alberta's Climate Leadership Plan, Calgary, January 11, 2017

  • Alberta - The Next Frontier for Renewable Energy?

    Speaker, Renewable Energy, Calgary, January 12, 2016

  • Calgary Public Library Foundation, Counsel of Champions Member
  • McGill Alumni Association of Calgary, Board Member

  • Law Society of Alberta
  • Calgary Bar Association
  • Canadian Bar Association
  • Law Society of British Columbia


Previous Speaking Engagements

  • Air & Waste Management Association
    Speaker, Alberta's Climate Leadership Plan – Impacts on Energy Producers and Consumers, Calgary, September 27, 2017
  • Managing Your Carbon Footprint
    Speaker, Canadian Energy Law Foundation, 2017