BofA, Others Support Albertsons/Rite Aid Merger

A group of lenders led by Bank of America and Merrill Lynch have committed to providing Albertsons with a $4.667 billion facility to support the company’s merger with Rite Aid.

BMO Agents $230MM Extreme Networks Facility

Bank of Montreal acted as administrative and collateral agent on a credit agreement – consisting of a $40 million five-year revolving credit facility and a $190 million five-year term loan – with Extreme Networks.

BofA Supports Smucker Acqusition of Ainsworth Pet Nutrition

J.M. Smucker entered into a $1.5 billion term loan credit agreement with Bank of America. The funds will be used to finance the company’s recent acquisition of Ainsworth Pet Nutrition.

National Bank of Canada Extends Boralex Revolver

Boralex extended the maturity of its C$460 million ($357 million) revolving credit facility to April 27, 2022. National Bank of Canada acted as lead arranger and administrative agent on the amendment.

ScotiaBank Agents $175MM Revolver for Tahoe

Tahoe Resources amended its credit agreement, giving the company access to a $175 million revolving credit facility plus a $25 million accordion feature. The Bank of Nova Scotia served as administrative agent.

BofA Agents WEX Term Loan Repricing

WEX repriced its secured term loans under its existing credit facility. Bank of America acted as administrative agent, joint lead arranger and joint bookrunner.

Nine Banks Accused of Rigging Canadian Rate Benchmark

Reuters reported that nine banks, including Royal Bank of Canada, Bank of Montreal and the National Bank of Canada, are being sued in the U.S. for conspiring to rig a Canadian rate benchmark.

Deutsche Bank Arranges Nyrstar Facility Refinance

Multi-metals business Nyrstar refinanced its existing €500 million ($592.38 million) multi-currency structured commodity trade finance facility due to expire in June 2019 with a one year runoff period starting in June 2018.

Bank of Nova Scotia, Others Amend Sandstorm Credit Facility

Sandstorm Gold amended its revolving credit agreement, allowing the company to borrow up to $150 million for general corporate purposes. The Bank of Nova Scotia, among others, led the amendment.

RBC Downsizes Pattern Energy Revolver to $440MM

Pattern Energy Group amended its credit agreement, downsizing its revolving credit limit from $500 million to $440 million.