Bank of Montreal Archives - Page 4 of 21

BofA-Led Syndicate Amends and Extends Credit Facility for Resolute Forest Products

Resolute Forest Products reset the five-year maturity of its senior secured asset-based revolving credit facility with an aggregate lender commitment of up to $450 million. A syndicate of six banks provided the ABL credit facility, with Bank of America as administrative agent and collateral agent.

BMO, ATB and National Bank of Canada Increase Kiwetinohk’s Revolver to $315MM

Kiwetinohk Energy’s existing lenders, including Bank of Montreal, ATB Financial and National Bank of Canada, completed their semi-annual borrowing base redetermination and agreed to amend Kiwetinohk’s credit facility and increase the borrowing limit from $225 million to $315 million.

National Bank of Canada Leads $413MM Securitization Facility for Flexti Financial

Flexiti Financial, a “buy now, pay later” financial solutions provider in Canada, signed a new C$527 million ($413 million) securitization facility led by National Bank of Canada, with financing also provided by an affiliate of Bank of Montreal and funds managed by Waterfall Asset Management.

December 13, 2021 Bank of Montreal | Flexiti Financial | National Bank | Peter Kalen | Waterfall Asset Management Ian Koplin

BMO Amends Diamond Estates Wines & Spirits’ Credit Agreement

Diamond Estates Wines & Spirits entered into a second amended and restated credit agreement with Bank of Montreal, folding in the facility of Equity Wine Group, which Diamond Estates Wines & Spirits acquired in October.

December 2, 2021 Bank of Montreal | Diamond Estates Wines & Spirits | Equity Wine Group | Murray Souter Ian Koplin

BMO Delivers $40MM Revolver to MAG Silver

MAG Silver signed a binding commitment letter with BMO for a fully underwritten $40 million revolving credit facility.

November 16, 2021 Bank of Montreal | George Paspalas | MAG Silver Ian Koplin

Pipestone Energy Upsizes NBF and BMO-Led Credit Facility, Expands Corporate Banking Syndicate

Pipestone Energy increased its reserve-based loan to $280 million from $225 million. The banking syndicate for the facility, which is co-led by National Bank Financial and BMO and includes ATB Financial and Canadian Western Bank, was expanded to also include the Business Development Bank of Canada.

BMO Provides $40MM in Funding to Carrick Specialty Holdings

Carrick Specialty Holdings, an international non-life legacy business providing reinsurance and run-off management solutions, and its Bermuda-based subsidiary, Carrick Holdings (Bermuda), entered into an agreement with Bank of Montreal to provide funding of up to $40 million for legacy transactions.

KeyBank Leads $200MM Increase to SmartStop Self Storage’s Credit Facility

SmartStop Self Storage exercised $200 million of its accordion under its existing multi-currency credit facility with a syndicate of banks led by KeyBank, Wells Fargo, Citibank and Bank of Montreal. KeyBanc Capital Markets and KeyBank served as joint lead arrangers and administrative agents.

JPMorgan Chase Agents $1.3B Credit Agreement for Healthcare Trust of America

Healthcare Trust of America and its operating partnership, Healthcare Trust of America Holdings, entered into a third amended and restated $1.3 billion revolving credit and term loan agreement. JPMorgan Chase Bank served as the administrative agent for the facility.

TD Bank-Led Syndicate Extends IBI Group’s Credit Facilities

IBI Group entered into amended and restated credit facilities with its syndicate of lenders, including TD Bank, National Bank of Canada, HSBC Bank Canada and Bank of Montreal. The maturity date of the facilities was extended from Sept. 27, 2022, to Sept. 29, 2025.

October 5, 2021 Bank of Montreal | HSBC Bank Canada | IBI Group | National Bank of Canada | Toronto-Dominion Bank Ian Koplin

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