CIBC, BMO Arrange $49MM+ Facilities for Cannabis Company HEXO

CIBC and Bank of Montreal provided a C$50 million ($38.075 million) term loan and a C$15 million ($11.423 million) revolving loan to HEXO, an international provider of cannabis products.

BMO Amends ArgroFresh Revolver

Bank of Montreal agreed to extend AgroFresh Solutions’ $12.5 million revolving credit facility from July 31, 2019 to Dec 31, 2020. The extension will enhance the company’s liquidity and financial flexibility.

CIBC Closes $65MM Term Loan with Cannabis Company Cronos Group

Canadian Imperial Bank of Commerce acted as administrative agent on a $65 million secured non-revolving term loan credit facility for cannabis company Cronos Group. Bank of Montreal was a lender on the facility.

NBC Leads $75MM Upsize to Park Lawn Revolver

National Bank of Canada led a banking syndicate on a $75 million upsize to Park Lawn’s financing arrangement, increasing the borrowing capacity from $150 million to $225 million.

BMO Agents $60.2MM Debt Facility for Cannabis Producer PharmHouse

BMO acted as agent and lead lender on C$80 million ($60.2 million) in secured debt financing for Canopy Rivers’ joint venture, PharmHouse. CIBC and Concentra Bank also participated as lenders on the facility.

BMO Closes $125MM Revolver for North American Palladium

North American Palladium entered into a new $125 million revolving term credit facility, replacing its existing credit facilities. Bank of Montreal acted as administrative agent on the transaction.

Scotiabank, BMO Arrange $130MM Secured Financing for Ero Copper

Ero Copper refinanced all of its current U.S. dollar denominated senior secured debt via a new $130 million debt financing, comprised of an $80 million senior secured term facility and a $50 million senior secured revolver, with Scotiabank and Bank of Montreal.

Bank of Montreal Agents $7.6MM ABL Agreement for ClearStream

Bank of Montreal acted as administrative agent on a new C$10 million ($7.636 million) term credit facility for a subsidiary of ClearStream Energy Services.

NBC Agents $200 Facility for Cobalt 27

Cobalt 27 Capital amended and upsized its revolving term credit facility, increasing the amount from $180 million to $200 million. National Bank of Canada served as administrative agent on the facility.

Scotiabank Upsizes Lundin Mining Facility to $550MM

Lundin Mining amended its revolving credit facility, increasing the facility to $550 million with a $50 million accordion option. The Bank of Nova Scotia served as administrative agent for the transaction.