Wesdome Gold Mines executed an amended and restated credit agreement that upsizes its senior secured revolving credit facility, led by National Bank Financial to $80 million immediately and to $150 million upon declaration of commercial production at Kiena.
NFI Group amended its existing $1.25 billion senior revolving credit facility and £50 million ($61 million) revolving UK credit facility. The Bank of Nova Scotia is the administrative agent for the revolver and HSBC UK is the administrative agent for the UK facility.
Shawcor closed on a four-year, $300 million senior secured revolving credit facility. TD Bank and National Bank Financial acted as co-lead arrangers and HSBC Bank Canada, JPMorgan Chase Bank and Export Development Bank acted as lenders for the facility.
Pipestone Energy increased its reserve-based loan to $280 million from $225 million. The banking syndicate for the facility, which is co-led by National Bank Financial and BMO and includes ATB Financial and Canadian Western Bank, was expanded to also include the Business Development Bank of Canada.
NFI amended its existing $1.25 billion senior revolving credit facility and its £50 million ($67.6 million) revolving UK credit facility. The Bank of Nova Scotia is the administrative agent for the $1.25 billion revolver and HSBC UK is the administrative agent for the UK credit facility.
National Bank Financial, Bank of Montreal, ATB Financial and Canadian Western Bank redetermined Pipestone Energy’s $225 million reserve-based loan. The credit facility’s capacity was maintained at $225 million.
National Bank of Canada, ATB Financial and Canadian Western Bank provided a $100 million senior secured lending facility to help fund Spartan Delta’s acquisition of substantially all of the assets of Bellatrix Exploration.
Pipestone Energy successfully re-financed its existing credit facilities with a $225 million reserve-based loan (RBL), which provides meaningful financial flexibility going forward.
National Bank Financial led a banking syndicate on an upsized $300 million revolving credit agreement for North American Construction Group.
Blackbird Energy and Pipestone Oil entered into an agreement that will combine the two companies. National Bank Financial acted as lead arranger and sole bookrunner on a $198.5 million credit facility to support the transaction.