Pengrowth Energy Amends Covenants with RBC Led Bank Syndicate

Pengrowth Energy finalized the terms of amending its agreements with lenders under its syndicated bank facility. Royal Bank of Canada and RBC Capital Markets are serving as agent and lead arranger, respectively.

Citizens, BMO, Others Support Mitel Acquisition of ShoreTel

Citizens Bank served as administrative agent for $300 million in new financing for business communications provider Mitel to acquire ShoreTel.

Scotiabank, BMO, TD Securities Lead $250MM Alamos Gold Upsize

Alamos Gold increased the size of its credit facility from $150 million to $400 million. Scotiabank, BMO Capital Markets and TD Securities led the transaction.

Scotiabank, BMO Post Higher Than Expected Earnings

Reuters reported that the Bank of Nova Scotia and the Bank of Montreal posted higher than expected quarterly earnings due to the strong Canadian economy.

CIBC Upsizes Carmanah Facility to $25MM

Carmanah Technologies amended its commitment letter from the Canadian Imperial Bank of Commerce, increasing the total to $25.5 million.

HSBC Upsizes B2Gold Facility to $500MM

B2Gold secured an increase to $500 million for its revolving credit facility led by HSBC as administrative agent, sole lead arranger and sole book runner.

Scotiabank Agents $150MM Tahoe Resources Upsize

Tahoe Resources amended its credit agreement with a syndicate of lenders led by the Bank of Nova Scotia, increasing revolving funds to $300 million and adding a $50 million accordion feature.

BMO Agents $500MM Facility for Detour Gold

Detour Gold closed a $500 million senior secured credit facility with its existing bank group. Bank of Montreal served as administrative agent.

Royalty North Provides $5MM to SunSystems

After receiving a $5 million credit facility from CIBC, Royalty North Partners closed a $5 million, two-tranche loan transaction with SunSystem.

Citizens Agents $500MM Mitel Facility

Enterprise communications company Mitel closed a $500 million credit facility with a syndicate of banks led by Citizens Bank as administrative agent.