Ero Copper amended its existing senior secured revolving credit facility to increase the aggregate commitments from $75 million to $150 million and extend the maturity from March 2025 to December 2026.
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.
Bank of Montreal completed the acquisition of Radicle Group, a Calgary-based sustainability advisory service. Radicle’s management team and staff will join BMO Capital Markets’ global markets group, effective immediately.
SilverCrest Metals refinanced its $120 million secured project financing facility, of which only $90 million was drawn, with a new $120 million senior secured credit facility through a syndicate of lenders comprised of The Bank of Nova Scotia and Bank of Montreal.
Flexiti Financial, a point-of-sale consumer financing solution for retailers, upsized its revolving warehouse credit facility from C$500 million ($367.1 million) to C$535 million ($392.9 million) and extended its maturity.
GreenFirst Forest Products closed a $140 million in financing from the Bank of Montreal. The financing includes a $125 million asset-backed revolving credit facility and a $15 million term loan.
Gold Royalty extended the maturity date of its existing $25 million secured revolving credit facility with Bank of Montreal to March 31, 2025. The extended credit facility consists of a $10 million secured revolving credit facility, with an accordion feature providing for an additional $15 million of availability.
Radiant Logistics secured a $200 million syndicated secured revolving credit facility to replace its existing $150 million revolving facility. Concurrent with entering into new secured facility, the company also amended the term loans held by its Canadian lender, Fiera Private Debt Funds IV and V.
Quisitive Technology Solutions executed a third amendment to its existing credit facility with a syndicate of institutions led by Bank of Montreal and including Desjardins Capital Markets that, among other things, provides for a new $9.5 million non-revolving, five-year term loan.
Alliance Entertainment Holding Corporation, a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades and collectibles, expanded its line of credit to $225 million from $175 million.