Tag Archives: Bank of Montreal

Wells Fargo Capital Finance Canada and BMO Upsize Algoma Steel’s ABL Credit Facility to $300MM

Algoma Steel, a producer of steel sheet and plate products, upsized its senior secured asset-based revolving credit facility from $250 million to $300 million and extended the term of the facility to May 2028. Wells Fargo Capital Finance Canada is acting as the administrative agent for the facility.

UMB Agents Upsize of Griffin Global Asset Management’s Warehouse Facility

Griffin Global Asset Management upsized its senior secured warehouse facility to $2 billion with a syndicate of 12 banks. UMB Bank is acting as the administrative agent and security trustee for the facility.

J.P. Morgan and CIBC Provide $100MM Increase to Converge Technology Solutions’ Credit Facility

Converge Technology Solutions, a services-led, software-enabled IT & cloud solutions provider, increased its $500 million global revolving credit facility to $600 million under its accordion feature on its existing credit terms.

Lender Syndicate Amends Ritchie Bros.’ Credit Agreement to Support IAA Merger

Ritchie Bros. closed an amendment to its credit agreement with a syndicate of lenders to support the closing of its proposed merger with IAA. BofA Securities, RBC Capital Markets, Goldman Sachs and Wells Fargo Securities served as joint bookrunners for the agreement.