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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
ATB Financial will provide up to $6.25 million in interim financing and Luminus Energy will provide up to $13.5 million in interim financing to Delphi Energy. The financing was approved as part of an order from the Court of Queen’s Bench of Alberta.