Nine Banks Accused of Rigging Canadian Rate Benchmark

Reuters reported that nine banks, including Royal Bank of Canada, Bank of Montreal and the National Bank of Canada, are being sued in the U.S. for conspiring to rig a Canadian rate benchmark.

CIBC Upsizes IntriCon Facility to $6.5MM

IntriCon amended its credit facilities with CIBC Bank USA, increasing the term loan to $6.5 million and extending the maturity date to December 2002.

CIBC Provides $10MM Senior Financing to UMW Recycling

The Canadian Imperial Bank of Commerce provided a $10 million credit facility to Salt Lake City-based UMW Recycling.

BMO Provides New Facility Up to $30MM for Diamond Estates Wine

Diamond Estates Wines & Spirits closed a new credit facility with the Bank of Montreal, replacing its previous facility with Canadian Imperial Bank of Commerce and Meridian Credit Union.

CIBC Agents $50MM Facility for Chorus Aviation

Chorus Aviation entered into a three-year committed operating credit facility with Canadian Imperial Bank of Commerce as administrative agent.

CIBC Upsizes Canada Goose ABL Facility to $200MM

Canada Holdings amended its ABL facility to provide for an increase to $200 million with a seasonal increase of up to $250 million during peak season.

Scotiabank Agents Royal Gold $1B Revolver Upsize

Royal Gold entered into a new $1 billion revolving credit facility with a group of banks led by Bank of Nova Scotia serving 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.

Wells Fargo Agents Facility Upsize Amendment for Parsley Energy

Parsley Energy amended its revolver, increasing the borrowing base by 60% to $1.4 billion. Wells Fargo served as administrative agent for the lender group, which included five new lenders.

RBC-led Syndicate Upsizes Cargojet Facility by $100MM

Cargojet amended its syndicated banking facility to increase its revolving credit facility from $175 million to $200 million and add a $75 million term loan facility. RBC led the bank syndicate for the transaction.