Crown Capital Partners alternative investment fund Crown Capital Partners Fund entered into an agreement for a $25 million senior secured revolving credit facility with Alberta Treasury Branches.
Yangarra Resources completed its semi-annual redetermination of borrowing base and, as a result, increased its syndicated senior credit facility to C$175 million ($135 million).
Cathedral Energy Services entered into a new credit facility, with Alberta Treasury Branches serving as agent and lender and Export Development Canada acting solely as lender.
Yangarra Resources increased its syndicated senior credit facility to $120 million with a group of banks led by Alberta Treasury Branches. The group also includes Canadian Imperial Bank of Commerce and National Bank of Canada.
Whitecap Resources entered into an agreement to purchase light oil assets in Southeast Saskatchewan for $940 million. National Bank of Canada served as administrative agent for an increase of the company’s facility to $1.7 billion to support the purchase.
Ceiba Energy Services entered into an amendment with Alberta Treasury Branches to provide for $15 million of credit encompassing a $5 million revolver and a $10 million term credit facility.
Secure Energy entered a new $470 million first lien credit facility led by Alberta Treasury Branches and a new $130 million second lien credit facility led by National Bank of Canada.
TransGlobe Energy entered into a C$30 million ($22 million) credit agreement for a revolving reserve-based lending facility with Alberta Treasury Branches.
Toscana Energy Income entered into a commitment letter with respect to a new $36 million senior secured demand revolving credit facility with Alberta Treasury Branches.