Centerspace amended its existing $250 million revolving credit facility. The new facility includes an accordion feature for up to $400 million and matures in September 2025 with two optional six-month extensions. Bank of Montreal served as administrative agent for the facility.
AirBoss of America updated its senior secured credit facilities with an expanded syndicate of banks. TD Bank served as sole lead arranger for the facilities, which were updated to increase the revolving credit availability to $250 million, among other changes.
Gold Royalty signed a commitment letter with the Bank of Montreal for a fully underwritten $10 million revolving credit facility with an accordion feature allowing for an additional $15 million subject to certain conditions.
Maverix Metals amended its revolving credit facility and increased the amount available by $40 million to $160 million. The syndicate of banks providing the facility include National Bank of Canada, Canadian Imperial Bank of Commerce, The Bank of Nova Scotia and Bank of Montreal.
Quisitive Technology Solutions paid out and retired its existing credit facility and entered into a new credit facility with a syndicate led by Bank of Montreal. The loan agreement provides for a five-year term loan of $70 million and a revolving loan facility of up to $5 million.
Haivision Systems, a global provider of video streaming and networking solutions, entered into a three-year credit agreement providing for a new revolving line credit facility in the maximum principal amount of $35 million with Bank of Montreal.
The Lion Electric Company entered into a credit agreement providing for a new revolving credit facility in the maximum principal amount of $100 million with a syndicate of lenders represented by National Bank of Canada as administrative agent, lead arranger and sole bookrunner.
CloudMD Software & Services closed the acquisition of Oncidium, a Canadian healthcare provider. Concurrent with the closing of the acquisition, CloudMD secured credit facilities of up to $62 million, with Oncidium entering into a senior credit agreement with the Bank of Montreal.
Dorel Industries entered into a $450 million senior secured asset-based revolving financing with a group of institutional lenders, with Bank of Montreal serving as lead arranger, administrative agent and sole bookrunner.
SSR Mining amended its existing undrawn revolving credit facility, increasing the facility size from $75 million to $200 million. CIBC acted as the sole lead arranger, sole bookrunner and administrative agent in connection with the amended credit facility.