Accord Financial signed a new senior secured revolving credit facility totaling $292 million with a syndicate of banks. The Bank of Nova Scotia acted as administrative agent, sole arranger and sole bookrunner on the transaction.
Comstock Resources obtained commitments from a syndicate of 13 banks for a new five year reserve-based revolving credit facility with an initial borrowing base of $700 million. BMO Capital Markets arranged the facility.
Bank of Montreal agreed to provide a new $200 million debt facility, with a potential upsize to $250 million, to Aurora Cannabis. The facility will consist of a $150 million term loan and a $50 million revolver.
Northland Power entered into a $1.25 billion credit facility with a syndicate of 12 financial institutions led by Canadian Imperial Bank of Commerce, Bank of Montreal and National Bank Financial.
BRP refinanced its existing credit facilities, increasing the term loan to $900 million and the revolving credit facility to C$575 million ($446.8 million). Bank of Montreal was administrative agent.
Cobalt 27 Capital entered into an $80 million revolving term credit facility led by National Bank of Canada and a syndicate of financial institutions, including Bank of Montreal and The Bank of Nova Scotia.
First Majestic Silver amended and restated its credit agreement with the Bank of Nova Scotia, Bank of Montreal and Investec Bank as lenders. The amendment included a new $75 million senior secured revolving term credit facility.
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.