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.
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.