RBC, Others Support Francisco Partners Verifone Buy

An investor group led by Francisco Partners agreed to acquire Verifone for approximately $3.4 billion, including Verifone’s net debt. Credit Suisse, Barclays and Royal Bank of Canada will provide debt financing to support the transaction.

Jefferies, RBC Support Brazos Sale to NHIP II

Brazos Midstream Holdings agreed to sell its Delaware Basin subsidiary companies to North Haven Infrastructure Partners II. Jefferies Finance and Royal Bank of Canada will provide $950 million in debt financing to support the transaction.

RBC Supports Civeo Acquisition of Noralta

Civeo completed its acquisition of 100% of the equity interests of Noralta Lodge. Royal Bank of Canada served as administrative agent for an amendment to Civeo’s credit facility to support the transaction.

RBC Downsizes Encana Facility to $2.5B

Encana amended its credit facility with Royal Bank of Canada as administrative agent, reducing the size of the revolver from $3 billion to $2.5 billion and extending the maturity date to July 15, 2022.

National Bank of Canada Extends Boralex Revolver

Boralex extended the maturity of its C$460 million ($357 million) revolving credit facility to April 27, 2022. National Bank of Canada acted as lead arranger and administrative agent on the amendment.

ScotiaBank Agents $175MM Revolver for Tahoe

Tahoe Resources amended its credit agreement, giving the company access to a $175 million revolving credit facility plus a $25 million accordion feature. The Bank of Nova Scotia served as administrative agent.

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.

City National Bank Expands Food and Beverage Team

City National Bank hired 16 new bankers for its food and beverage team. Launched a year ago, the team has already been a lender to more than 20 companies in transactions totaling more than $500 million in commitments.

Credit Suisse Agents New $1B Facility for Calpine

Calpine closed a new $1 billion first lien term loan facility maturing in January 2025. Credit Suisse served as administrative agent for the transaction.