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.

Scotiabank Leads New AutoCanada Credit Facility

AutoCanada entered into a new credit agreement providing secured credit facilities of up to $1.08 billion, subject to certain conditions precedent to funding. Scotiabank led the facility, with CIBC, RBC, HSBC and ATB participating in the syndicate.

Scotiabank Supports Source Energy Preferred Sands Asset Buy

Source Energy Services entered into an agreement to purchase certain assets of Preferred Sands. To complete the acquisition, the company expanded its credit facility to $70 million and added the Bank of Nova Scotia to its lender group.

CIBC Agents $50MM Facility for Chorus Aviation

Chorus Aviation entered into a three-year committed operating credit facility with Canadian Imperial Bank of Commerce as administrative agent.

Scotiabank, BMO Post Higher Than Expected Earnings

Reuters reported that the Bank of Nova Scotia and the Bank of Montreal posted higher than expected quarterly earnings due to the strong Canadian economy.

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.

Scotiabank Leads $45MM CRH Medical Upsize

CRH Medical increased its credit facility to $100 million and added a $25 million accordion feature. JPMorgan Chase Bank joined the syndicate of lenders led by The Bank of Nova Scotia.

Scotiabank Agents $1B Facility for Duke Energy

Electric power company Duke Energy closed a $1 billion credit agreement with Scotiabank as administrative agent.

TD Bank Leads Boyd Group Facility Upsize to $450MM

Boyd Group Income Fund increased its existing revolving credit facility to $300 million. TD Bank served as lead arranger for a bank group that includes Bank of America, National Bank of Canada and Scotiabank.

Scotiabank Leads $120MM Phoenix Tower Facility

Phoenix Tower International closed a $120 million long term credit facility between its subsidiaries and a consortium of lenders led by Scotiabank.