HSBC Agents $20MM Downsize on Western Energy Revolver

HSBC Bank Canada served as administrative agent, lead arranger and sole bookrunner on amendments which reduced the commitment on Western Energy’s syndicated revolving first lien credit facility from $70 million to $50 million.

TD Bank Agents $60MM Upsize to Timbercreek Revolver

TD Bank acted as administration agent on a $60 million increase to Timbercreek Financial’s existing revolving credit facilities, bringing the total borrowing base to $500 million.

ABL Lenders Face Challenges, But Expect Strong Economy to Keep Them Afloat

Every year, ABL lenders face new challenges. Last year, people were nervous about the impact of prospective tax cuts. This year, the effect of tariffs has both borrowers and lenders shaking their heads. ABL lenders are facing increasing competition as 2019 prepares to roll in. Lisa Miller catches up with five top ABL executives who look back at 2018 and anticipate a strong year ahead.

Wells Fargo Upsizes Realty Income Facility to $3.25BB

Realty Income has closed on an amended $3.25 billion credit facility. Wells Fargo served as administrative agent for the transaction.

NBC Agents $200 Facility for Cobalt 27

Cobalt 27 Capital amended and upsized its revolving term credit facility, increasing the amount from $180 million to $200 million. National Bank of Canada served as administrative agent on the facility.

TD Bank Promotes Cornish to Lead Global Diversity Team

TD Bank promoted Kelley Cornish to head of Global Diversity and Inclusion.

Scotiabank Upsizes Lundin Mining Facility to $550MM

Lundin Mining amended its revolving credit facility, increasing the facility to $550 million with a $50 million accordion option. The Bank of Nova Scotia served as administrative agent for the transaction.

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.