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.
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.
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.
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.
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.
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.
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.
BMO acted as agent and lead lender on C$80 million ($60.2 million) in secured debt financing for Canopy Rivers’ joint venture, PharmHouse. CIBC and Concentra Bank also participated as lenders on the facility.
North American Palladium entered into a new $125 million revolving term credit facility, replacing its existing credit facilities. Bank of Montreal acted as administrative agent on the transaction.