Bank of Nova Scotia Archives

CIBC Expands Revolving Credit Facility with Capstone Copper to $700MM, Extends Maturity to 2027

Capstone Copper amended its existing revolving credit facility to increase the aggregate commitments from $600 million to $700 million and extend the maturity from May 2026 to September 2027.

September 26, 2023 Bank of Nova Scotia | Capstone Copper | CIBC | ING Bank | Raman Randhawa Ian Koplin

Bank of Nova Scotia Increases SSR Mining’s Revolving Credit Facility to $400MM

SSR Mining announced an amendment to its existing revolving credit facility. The amendment increased the facility size from $200 million to $400 million with an additional accordion feature of $100 million. The Bank of Nova Scotia acted as administrative agent for the facility.

August 16, 2023 Bank of Nova Scotia | Canadian Imperial Bank of Commerce | SSR Mining Ian Koplin

NFI Group Enters Comprehensive Refinancing Plan with Several Lenders

NFI Group, an independent bus and coach manufacturer, is working to complete a comprehensive refinancing plan, which will include amendments to its existing senior secured credit facilities.

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

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