ATB Financial Archives

ATB Financial Signs Term Sheet with Blackline Safety Signs to Provide $15MM Credit Facility

Blackline Safety Corp. signed a non-binding term sheet for a new two-year $15 million senior secured operating facility — with a potential $5 million accordion feature to increase the size of the facility — with ATB Financial.

August 23, 2022 ATB Financial | Blackline Safety Corp. | Darren Eurich | Shane Grennan Ian Koplin

ATB Financial Provides $30MM to Petrus Resources

Petrus Resources closed credit refinancing transactions it announced in early May, including a $30 million reserve-based secured operating revolving loan facility with ATB Financial.

May 31, 2022 ATB Financial | Petrus Resources | Stuart Gray Ian Koplin

BMO, ATB and National Bank of Canada Increase Kiwetinohk’s Revolver to $315MM

Kiwetinohk Energy’s existing lenders, including Bank of Montreal, ATB Financial and National Bank of Canada, completed their semi-annual borrowing base redetermination and agreed to amend Kiwetinohk’s credit facility and increase the borrowing limit from $225 million to $315 million.

ATB Financial Amends mCloud’s Credit Facility

mCloud Technologies, a provider of artificial intelligence-powered asset management and environmental, social and governance solutions, amended its credit facility with ATB Financial. The credit facility is a C$5 million ($3.9 million) margined and demand operating loan facility.

November 29, 2021 ATB Financial | mCloud Technologies Ian Koplin

Pipestone Energy Upsizes NBF and BMO-Led Credit Facility, Expands Corporate Banking Syndicate

Pipestone Energy increased its reserve-based loan to $280 million from $225 million. The banking syndicate for the facility, which is co-led by National Bank Financial and BMO and includes ATB Financial and Canadian Western Bank, was expanded to also include the Business Development Bank of Canada.

ATB Financial Provides $25MM Non-Dilutive Credit Facility to High Tide

High Tide, a retail-focused cannabis company, entered into a credit agreement to establish a revolving credit facility with ATB Financial in an amount of up to $25 million and comprised of an initial $10 million limit and $15 million accordion with an expected interest rate of under 6% per annum.

October 18, 2021 ATB Financial | High Tide | Raj Grover Ian Koplin

Connect First Credit Union Provides Decibel with Non-Dilutive $30 Million Debt Financing

Connect First Credit Union provided $30 million in debt capital facilities to Decibel Cannabis Company. The facilities consist of $28.5 million of term debt and a $1.5 million authorized overdraft against government receivables.

January 4, 2021 ATB Financial | Cody Church | Connect First Credit Union | Decibel Cannabis Company | Stuart Boucher Phil Neuffer

National Bank of Canada, ATB, Canadian Western Bank Amend Essential Energy Facility

National Bank of Canada, ATB Financial and Canadian Western Bank amended Essential Energy Services’ credit facility agreement, which provides an extension of the maturity date of the revolving secured credit facility along with revisions to certain terms and conditions.

July 10, 2020 ATB Financial | Canadian Western Bank | Essential Energy Services | National Bank of Canada Phil Neuffer

National Bank Financial-Led Syndicate Maintains Pipestone’s Credit Facility Capacity

National Bank Financial, Bank of Montreal, ATB Financial and Canadian Western Bank redetermined Pipestone Energy’s $225 million reserve-based loan. The credit facility’s capacity was maintained at $225 million.

June 12, 2020 ATB Financial | Bank of Montreal | Canadian Western Bank | National Bank Financial | Pipestone Energy Phil Neuffer

NBC, ATB, CWBank Fund Spartan Delta Acquisition with $100MM Facility

National Bank of Canada, ATB Financial and Canadian Western Bank provided a $100 million senior secured lending facility to help fund Spartan Delta’s acquisition of substantially all of the assets of Bellatrix Exploration.

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