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.

Bank of Nova Scotia, Others Amend Sandstorm Credit Facility

Sandstorm Gold amended its revolving credit agreement, allowing the company to borrow up to $150 million for general corporate purposes. The Bank of Nova Scotia, among others, led the amendment.

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.

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.

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.

RBC-Led Group Provides $50MM to Support Chesswood Growth

The Chesswood Group has exercised the $50 million accordion feature in its existing revolver with a bank syndicate led by Royal Bank of Canada to support the continued growth of its Pawnee Leasing portfolio.

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.

ATB, NBC Lead New $600MM Total Facilities for Secure Energy Services

Secure Energy entered a new $470 million first lien credit facility led by Alberta Treasury Branches and a new $130 million second lien credit facility led by National Bank of Canada.