Bank of Nova Scotia Archives

J.P. Morgan and CIBC Provide $100MM Increase to Converge Technology Solutions’ Credit Facility

Converge Technology Solutions, a services-led, software-enabled IT & cloud solutions provider, increased its $500 million global revolving credit facility to $600 million under its accordion feature on its existing credit terms.

Bank of Nova Scotia Provides $11.4MM Revolving Line of Credit to DAVIDsTEA

DAVIDsTEA, a tea merchant in North America, entered into an agreement with the Bank of Nova Scotia for a revolving line of credit in an amount of CAD $15 million ($11.4 million).

September 1, 2022 Bank of Nova Scotia | DAVIDsTEA | Frank Zitella | Investissement Québec Ian Koplin

BMO Leads Syndicate of Lenders Providing Torex Gold Resources Additional $100MM in Credit

Torex Gold Resources finalized a credit agreement with a syndicate of banks which increases the amount of credit available to $250 million from $150 million and extends the maturity of the facilities into 2025 from 2023.

Bank of Nova Scotia and HSBC Amend NFI Group’s Credit Facilities

NFI Group amended its existing $1.25 billion senior revolving credit facility and £50 million ($61 million) revolving UK credit facility. The Bank of Nova Scotia is the administrative agent for the revolver and HSBC UK is the administrative agent for the UK facility.

JP Morgan and CIBC Refinance Existing Facility to Provide $500MM Financing to Converge

Converge Technology Solutions refinanced its existing $300 million ABL credit facility with a new five-year, $500 million global revolving credit facility led by J.P. Morgan and Canadian Imperial Bank of Commerce as joint lead arrangers.

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.

Bank of America Leads Expansion of Celestica’s Credit Facility

Celestica enhanced its current credit facility, including an expansion of its borrowing capacity with improved terms. Bank of America is acting as administrative agent for the syndicate of banks providing the expansion.

December 7, 2021 Bank of America | Bank of Nova Scotia | BofA Securities | Canadian Imperial Bank of Commerce | Celestica Phil Neuffer

JPMorgan Chase Provides Financing to Support Intuit’s Acquisition of Mailchimp

Intuit acquired Mailchimp for approximately $5.7 billion in cash as well as stock considerations. Intuit partially funded the cash consideration through a $4.7 billion term loan under a new credit agreement. According to an 8K, JPMorgan Chase served as administrative agent for the agreement.

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.

Bank of Nova Scotia Upsizes Pretivm’s Credit Facility to $350MM

Pretivm amended its existing credit facility on favorable terms, increasing the loan facility size to $350 million from its current $300 million. The Bank of Nova Scotia acted as administrative agent for the refinanced facility.

August 10, 2021 Bank of Nova Scotia | ING Capital | Jacques Perron | Pretium Resources | SG Americas Securities Ian Koplin

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