ATB Financial extended and amended a $13.5 million credit facility, which included non-revolving term loan and an equipment finance loan, for Zedcor Energy.
Sundial Growers entered into a $140 million syndicated credit agreement with ATB Financial and Bank of Montreal as co-lead arrangers and joint bookrunners.
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.
CWC Energy Services reduced the borrowing base of its syndicated credit facility from $100 million to $75 million and obtained a new five-year $12.8 million term credit facility from ATB Financial.
Essential Energy Services amended and restated its revolving secured credit facility agreement with a syndicate of lenders, including National Bank of Canada, ATB Financial and Canadian Western Bank.
Just Energy Group renegotiated an agreement with a syndicate of lenders to increase its credit facility to $352.5 million. Canadian Imperial Bank of Commerce and National Bank of Canada were joint lead arrangers.
ATB Financial increased Blackbird Energy’s revolving operating loan facility from $1 million to $20 million. The terms of the facility are otherwise unchanged.