A lending syndicate led by Bank of Montreal expanded Pure Sunfarms’ credit facility to its full C$59 million ($43.41 million) capacity with the completion of the facility’s accordion feature. The syndicate also includes Farm Credit Canada and CIBC.
Bank of Montreal and the Royal Bank of Canada renewed a $500 million committed standby secured funding facility for Home Trust Company, a subsidiary of Home Capital Group.
J.P. Morgan, Bank of Montreal and Goldman Sachs acted as joint bookrunners and joint lead arrangers on a $200 million term loan B facility of seven years for Neenah.
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.
Bank of Montreal served as lead arranger and agent for an amendment to Organigram’s credit agreement, which includes a $115 million term loan and $25 million revolving credit facility. The agreement also includes a syndicate of three other lenders.
According to an 8K filed with the SEC, Bank of Montreal, Fifth Third and Regions Bank agented an additional $41.9 million of capacity on Blue Bird’s revolving credit facility, bringing the total commitments to $141.9 million.
Bank of America Securities acted as sole book runner and sole lead arranger for a new $150 million syndicated secured revolving credit facility for Radiant Logistics.
Citibank acted as sole structuring agent for Atlas, which closed its $285 million senior secured financing on behalf of its wholly owned subsidiary, APR Energy.
The Court of Queen’s Bench for Saskatchewan granted an order extending their stay of proceedings for the Morris Group under the companies’ Creditors Arrangement Act (CCAA) to March 27, 2020.
Pipestone Energy successfully re-financed its existing credit facilities with a $225 million reserve-based loan (RBL), which provides meaningful financial flexibility going forward.