Alberta Treasury Upsizes Yangarra Facility to $120MM

Yangarra Resources increased its syndicated senior credit facility to $120 million with a group of banks led by Alberta Treasury Branches. The group also includes Canadian Imperial Bank of Commerce and National Bank of Canada.

CIBC Provides $35MM ABL Facility for WesternOne

WesternOne entered into an asset-based credit agreement with Canadian Imperial Bank of Commerce for a three-year $35 million secured revolving credit facility.

NBC Supports Whitecap Acquisition of World Class Enhanced Oil Recovery

Whitecap Resources entered into an agreement to purchase light oil assets in Southeast Saskatchewan for $940 million. National Bank of Canada served as administrative agent for an increase of the company’s facility to $1.7 billion to support the purchase.

National Bank of Canada Upsizes Osisko Credit Facility to $450MM

Osisko Gold Royalties amended its revolving credit facility, increasing the amount from $150 million to $350 million, with an additional uncommitted accordion of up to $100 million.

TD Bank, BMO, Others Upsize Innergex Revolver to $475MM

Innergex Renewable Energy increased its revolving credit facility to $475 million from $425 million. TD Securities and BMO Capital Markets were lead arrangers.

CIBC Provides $24.MM Facility to AAR & AAR Canada Holdings

AAR, as parent guarantor, and AAR Canada Holdings, as borrower, entered into a C$31 million ($24.5 million) credit agreement with the Canadian Imperial Bank of Commerce.

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.