Scotiabank Agents $275MM Revolver for Trevali

Trevali Mining amended its credit agreement with a syndicate of lenders for a $275 million revolving credit facility. The new facility replaces the $160 million term loan facility and the $30 million revolving facility entered into in August 2017.

Lending to Technology Companies: Collateral versus Cashflow?

As the U.S. changed from a manufacturing to a service-based economy, ABL lenders faced a growing array of challenges, including lending to software companies and coping with rapid hardware obsolescence. Hugh C. Larratt-Smith speaks with key lenders in this industry and learns how lending to technology has changed in the last 40 years.

NBC, TD, HSBC Provide New $150MM Revolver to Medical Facilities

Medical Facilities completed a new $150 million syndicated revolving credit facility with National Bank of Canada, TD Bank and HSBC Canada.

BofA Agents $1.3BB Facility for Covanta

Covanta Holdings closed two new $1.3 billion credit facilities: a $900 million revolving credit facility and a $400 million term loan. The refinancing is an increase of $100 million over its previous facilities.

TD Bank Supports Acquisition of Goddard School Franchise

TD Bank’s Small Business Administration Lending Group provided a 7(a) loan to assist local educators and entrepreneurs purchase The Goddard School franchise in Woodstock, GA, bringing Goddard’s private pre-school curriculum to area families.

Scotiabank, ING Upsize Altius Facility to $225MM

Altius Minerals amended its existing credit facility to refinance its existing term and revolver debt. Bank of Nova Scotia and ING Capital led the refinancing, with TD Bank and Export Development Canada participating.

JPMorgan Agents New $300MM ABL Revolver for Star Group

Home energy provider Star Group closed a $300 million asset-based revolving credit facility with JPMorgan Chase as administrative agent.

TD Bank Agents SemGroup Refi

SemGroup amended its credit facility to refinance the outstanding $530.75 million of senior secured term loans and repay the $60 million of revolver borrowing under that agreement.

TD Bank Taps Van Vort as ABL Managing Director

TD Bank named Gene Van Vort managing director of New Business Development in Asset Based Lending.

TD, CIBC Provide $400MM to Support Superior Plus NGL Buy

Superior Plus entered into an agreement with NGL Energy to acquire all of the outstanding equity interest in NGL Propane, the company’s retail propane distribution business, for total cash consideration of $900 million.