Crown Capital Provides $12MM Bridge Loan to Support Petrowest Refi

Crown Capital has agreed to provide a $12 million bridge loan to Petrowest as part of the company’s restructuring effort. Crown will also refinance the company’s existing term loan, increasing the amount from $12 million to $15 million.

BMO Leads Petrowest Downsize Amendment to $75MM

Petrowest entered into an amendment to its credit facility with a lender syndicate led by Bank of Montreal. The amendment enables the company to decrease its overall commitment from $90 million to $75 million.

BOM-Led Group Amends $90MM Petrowest Credit Facility

Petrowest entered into an amendment of its $90 million credit facility with a syndicate of lenders led by Bank of Montreal. The company also closed a $15 million subordinated debt transaction with Crown Capital Fund.

Bank of Montreal Upsizes Petrowest Revolver

Petrowest amended its revolving credit facility with Bank of Montreal to increase the maximum amount from $30 million to $40 million and extend the maturity date.