BMO Provides $5.7MM DIP Financing for Morris Group

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.

NBF, BMO Lead Pipestone Energy $225MM Facility

Pipestone Energy successfully re-financed its existing credit facilities with a $225 million reserve-based loan (RBL), which provides meaningful financial flexibility going forward.

BMO, TD Upsize LOGISTEC Revolver to $228MM

LOGISTEC has successfully renegotiated its four-year revolving credit facility, increasing the amount to C$300 million ($228 million), with an option to increase the total amount to C$400 million ($303 million).

BMO Agents $90MM Facility for Supreme Cannabis

Supreme Cannabis has entered into a credit agreement with Bank of Montreal as lead arranger and agent for $90 million in senior secured credit facilities consisting of a term loan of $70 million and a revolving credit facility of $20 million.

BMO Agents $750MM Exit Facility for Halcón Resources

Halcón Resources has emerged from bankruptcy under Chapter 11 of the U.S. Bankruptcy Code.

BMO Agents Amendment to $358MM Jamieson Wellness Facilities

BMO acted as administrative agent on an amended credit agreement for Jamieson Wellness. The amended facilities now include a provided availability of up to C$475 million ($358.3 million).

JPMorgan Chase Agents $625MM Revolver for Briggs & Stratton

JPMorgan Chase Bank served as the administrative agent on a new $625 million revolving credit facility for Briggs & Stratton, the world’s largest producer of gasoline engines for outdoor power equipment.

Scotiabank Upsizes Lundin Mining Revolver to $800MM

Lundin Mining amended its credit agreement, increasing its secured revolving credit facility to $800 million with a $200 million accordion option.

RBC Leads $325MM Exit Financing for EXCO Resources

EXCO Resources has successfully completed its financial restructuring and emerged from Chapter 11.

TD Supports FirstService Acquisition of Global Restoration

FirstService has completed its acquisition of approximately 95% of Global Restoration Holdings for a purchase price of approximately $505 million. TD Bank led a $890 million facility to support the transaction.