Project Finance and Infrastructure Lending
Project finance lends against a future cash flow from an asset that does not exist yet, with limited recourse to anyone. This course covers how those loans are structured and why they fail.
Course outline
What this programme covers, module by module.
- 01Lending against an asset that does not exist yet
- 02Limited recourse, the project company and the sponsors
- 03The financial model, debt service cover and sizing the loan
- 04Risk allocation: construction, operating, offtake and political
- 05Security, direct agreements and the intercreditor position
- 06Covenants, reserve accounts and the cash waterfall
- 07Distress, step in rights and restructuring a project loan
What you will gain
- Explain limited recourse and what secures the loan
- Read a financial model and its cover ratios
- Allocate construction, operating and offtake risk
- Structure the security and intercreditor position
- Set covenants, reserve accounts and the cash waterfall
- Recognise the warning signs of a distressed project
Who should attend
- Corporate and project finance bankers
- Credit analysts and risk officers
- Development finance and infrastructure staff
- Sponsors and advisers raising project debt
Upcoming sessions
| Date | City | Duration | Fees | Book |
|---|---|---|---|---|
| 2 to 4 Nov 2026 | Pretoria | 3 Days | R13,000 | |
| 23 to 25 Nov 2026 | Durban | 3 Days | R13,000 | |
| 7 to 9 Dec 2026 | Cape Town | 3 Days | R13,000 | |
| 11 to 13 Jan 2027 | Johannesburg | 3 Days | R13,000 | |
| 25 to 27 Jan 2027 | London | 3 Days | US$1,500 | |
| 5 to 7 Apr 2027 | Dubai | 3 Days | US$1,500 | |
| 14 to 16 Jun 2027 | Pretoria | 3 Days | R13,000 |
Fees are per delegate and exclude VAT. Public intakes are confirmed once minimum numbers are met. We also deliver this course on your own schedule, in-house or live online.
Enquire about this course
Register your team or ask for a tailored in-house quote. We reply within one working day.
WhatsApp usCourse brochure (PDF)- Fees from
- R13,000 per delegate
- Duration
- 3 Days
- Field
- Banking & Financial Services
- Formats
- In-house, public, online
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