PNC Bank Increases Credit Facilities with Mullen Group to $375MM
Mullen Group entered into a $125 million credit agreement with PNC Bank’s Canadian branch.
Mullen Group entered into a $125 million credit agreement with PNC Bank’s Canadian branch.
SSR Mining announced an amendment to its existing revolving credit facility. The amendment increased the facility size from $200 million to $400 million with an additional accordion feature of $100 million. The Bank of Nova Scotia acted as administrative agent for the facility.
Pan American Silver completed its acquisition of all of the issued and outstanding common shares of Yamana Gold following the sale by Yamana of its Canadian assets by way of a plan of arrangement under the Canada Business Corporations Act.
Converge Technology Solutions, a services-led, software-enabled IT & cloud solutions provider, increased its $500 million global revolving credit facility to $600 million under its accordion feature on its existing credit terms.
Ero Copper amended its existing senior secured revolving credit facility to increase the aggregate commitments from $75 million to $150 million and extend the maturity from March 2025 to December 2026.
Ritchie Bros. closed an amendment to its credit agreement with a syndicate of lenders to support the closing of its proposed merger with IAA. BofA Securities, RBC Capital Markets, Goldman Sachs and Wells Fargo Securities served as joint bookrunners for the agreement.
Converge Technology Solutions refinanced its existing $300 million ABL credit facility with a new five-year, $500 million global revolving credit facility led by J.P. Morgan and Canadian Imperial Bank of Commerce as joint lead arrangers.
Capstone Copper closed the amendment and extension of its corporate revolving credit facility from $225 million to $500 million plus a $100 million accordion and extended the facility by four years. The Canadian Imperial Bank of Commerce is the administrative agent for the facility.
Celestica enhanced its current credit facility, including an expansion of its borrowing capacity with improved terms. Bank of America is acting as administrative agent for the syndicate of banks providing the expansion.
AirBoss of America updated its senior secured credit facilities with an expanded syndicate of banks. TD Bank served as sole lead arranger for the facilities, which were updated to increase the revolving credit availability to $250 million, among other changes.