ATB Leads Delphi Energy Facility Extension

Delphi Energy extended its $105 million senior credit facility. Alberta Treasury Branches led the transaction.

ScotiaBank, BMO, Others Extend Delphi Energy Facility

Delphi Energy has extended the term out date of its $105 million senior secured credit facility to June 14, 2019. The bank syndicate is led by Alberta Treasury Branches and includes The Bank of Nova Scotia and Bank of Montreal.

HSBC Completes New $145MM Facility for Macro

Macro Enterprises finalized its new $145 million senior secured credit facilities announced in April. HSBC Bank Canada is the lead lender, and acted as agent to the lending syndicate that includes National Bank of Canada and Bank of Montreal.

BofA Agents $500MM ABL Facility Extension for Resolute

Resolute Forest Products completed a five-year extension of its senior secured ABL revolver an aggregate lender commitment of up to $500 million at any time outstanding. Bank of America served as both administrative and collateral agent on the facility.

NBC Agents $100MM Facility for Cobalt 27

Cobalt 27 Capital will acquire all the issued share capital of Highlands Pacific. Cobalt closed an amended term loan for $100 million with National Bank of Canada as administrative agent.

BMO Provides $9.5MM Facility for Redishred Capital

RediShred Capital secured a senior credit facility of an aggregate amount of $9.5 million with the Bank of Montreal.

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.