Scotiabank Downsizes Capstone Mining Facility

Capstone Mining amended its credit facility, extending the maturity date and reduced funds available to $350 million, with a $25 million annual reduction. The Bank of Nova Scotia was administrative agent.

NBC, Deutsche Lead $250MM Facility for IAMGOLD

IAMGOLD secured additional commitments from a syndicate of lenders to increase its existing revolving credit facility to $250 million. The syndicate was led by National Bank of Canada and Deutsche Bank.

CIBC Provides $37MM L/C to Just Energy

Just Energy Group increased the capacity of its credit facility by C$50 million ($37.2 million) to C$342.5 million ($254.8 million) via a letter of credit provided by Canadian Imperial Bank of Commerce.

TD Bank, EDC Provide Revolver for Microbix

Microbix Biosystems arranged a new secured revolving credit facility jointly with TD Bank and Export Development Canada.

BofA Agents $1B Facility to Support Ritchie Bros. Acquisition

Richie Bros. Auctioneers closed a $1 billion credit facility to partially fund its IronPlanet acquisition and provide the company with enhanced financial flexibility. Bank of America served as administrative agent.

EDC Provides New $9MM Term Loan to Hydrogenics

Hydrogenics entered into a credit agreement with Export Development Canada for a five-year $9 million term loan.

Scotiabank, NBF Downsize Cathedral Energy Facility

Cathedral Energy Services amended its credit facility with The Bank of Nova Scotia and National Bank of Canada. Export Development Canada has joined Cathedral’s banking syndicate.

Scotiabank Supports Gran Tierra Acquisition of PetroLatina

Gran Tierra Energy completed the acquisition of PetroLatina Energy for a purchase price of approximately $525 million. Scotiabank agented a $130 million term loan to support the transaction.

Export Development Canada Expands Enablence Facility to $3.9MM

Enablence Technologies expanded its relationship with Export Development Canada by increasing the size of its senior loan facility from $2.3 million to $3.9 million.

HSBC Leads Eldorado $250MM Revolver Renewal

Eldorado Gold has renewed its $250 million revolving credit facility. HSBC Securities served as lead arranger and sole bookrunner for the transaction.