NBC, BOM Upsize Osisko Credit Facility to $108MM
Osisko Gold amended its revolving credit facility with National Bank of Canada and Bank of Montreal, increasing the amount from $72 million to $108 million.
Osisko Gold amended its revolving credit facility with National Bank of Canada and Bank of Montreal, increasing the amount from $72 million to $108 million.
Seven Generations Energy has expanded its existing senior secured credit facility to $850 million. This increase was provided by a syndicate of 10 financial institutions lead by the Royal Bank of Canada.
Journey Energy has completed its semi-annual review of its revolving credit facility that has been set at $140 million, a decrease from $205 million. Bank of Montreal served as administrative agent for the lender group.
Magnum Hunter Resources refinanced its existing revolver and obtained additional liquidity through a new $60 million senior secured term loan. Bank of Montreal was administrative agent for the lender group.
CDI entered into a new secured credit agreement providing up to $150 million in revolving loans with group of lenders led by Bank of America acting as administrative agent, joint-lead arranger and joint bookrunner.
Supremex entered into a committed $50 million senior secured revolver with Bank of Montreal. The facility replaces an existing $15 million revolver and a $25 million term loan.
GE Capital has signed nearly $95 billion in deals to reduce its size as of the end of Q3/15. Since the company’s announcement in April, GE Capital assets have attracted interests from Blackstone, Wells Fargo, BMO, BNP/Arval and other top financial institutions.
Petrowest entered into an amendment of its $90 million credit facility with a syndicate of lenders led by Bank of Montreal. The company also closed a $15 million subordinated debt transaction with Crown Capital Fund.
Silver Standard Resources announced the closing of a new $75 million senior secured revolving credit facility with syndicate of lenders led by Canadian Imperial Bank of Commerce as sole lead arranger and administrative agent.
GoGold Resources announced the closing of a $50 million senior secured revolving credit facility with the Bank of Montreal. The revolver will be used to retire the existing credit facility with Orion Mine Finance.