BMO Capital Markets Archives

Wells Fargo, MUFG, BMO and Citizens Provide $450MM in Financing to MaxLinear

MaxLinear entered into a new $350 million, seven-year senior secured term B loan facility and a new $100 million, five-year senior secured revolving credit facility. Wells Fargo Securities, MUFG Securities Americas, BMO Capital Markets and Citizens Bank acted as joint lead arrangers and bookrunners.

June 25, 2021 BMO Capital Markets | Citizens Bank | MaxLinear | MUFG Securities Americas | Wells Fargo Securities Ian Koplin

BMO Boosts Healthcare Division with Additions of Seigerman and Huynh

BMO Capital Markets hired Evan Seigerman as a managing director and senior equity research analyst covering the biotechnology and pharmaceutical industries. Additionally, Trung Huynh joined the BMO healthcare research team to support the firm’s expansion and growth.

Bank of America-Led Syndicate Provides $600MM Credit Facility to Intertape Polymer Group

Intertape Polymer Group entered into a five-year, $600 million credit facility pursuant to an amendment to its existing credit agreement with a syndicated lending group led by Bank of America as administrative agent.

TD Securities Agents $830MM Credit Facility for Strathcona Resources

Waterous Energy Fund closed the amalgamation of Strathcona Resources and Osum Oil Sands. Concurrent with the amalgamation, Strathcona Resources secured a new covenant-based C$1 billion ($830 million) credit facility, with TD Securities serving as administrative agent.

BMO Establishes Energy Transition Group

BMO Capital Markets is establishing a dedicated energy transition group to support clients in their pursuit of opportunities driven by the global economy’s shift in production and consumption of energy. Aaron Engen and Jonathan Hackett will co-head the new group.

June 3, 2021 Aaron Engen | BMO Capital Markets | Dan Barclay | Jonathan Hackett | Shane Fildes Ian Koplin

Apollo Global Management Pays $5B for Verizon Media

Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.

BMO Transitions Gibson Energy’s Credit Facility to Diversity- and ESG-Linked Loan

BMO Financial Group amended an existing credit facility for Gibson Energy that introduces a margin adjustment incentive mechanism tied to Gibson’s commitment to reduce carbon emissions and increase the representation of women as well as racial and ethnic minority representation in its workforce and on its board.

April 29, 2021 BMO Capital Markets | BMO Financial Group | Gibson Energy | Jonathan Hackett | Sean Brown Phil Neuffer

BMO and BofA Extend and Add Sustainability Goals to JLL’s $2.75B Credit Facility

BMO Capital Markets and BofA Securities amended Jones Lang LaSalle’s $2.75 billion bank credit facility with a new five-year term that extends the maturity from May 2023 to April 2026. In addition, the facility includes incentives linked to achieving certain sustainability goals.

JPMorgan Chase Arranges Refinancing of Yesway’s Credit Facilities

Yesway, a convenience store chain in the United States, completed the refinancing of its term loan and revolving credit facilities in the amount of $410 million and $125 million, respectively. JPMorgan Chase Bank acted as the lead arranger and lead bookrunner for the facilities.

BofA Agents WEX Facility Upsize to $1.9B

WEX, a financial technology service provider, amended and restated its credit facility. The lenders agreed to a restatement agreement that increases commitments under WEX’s revolving credit facility from $870 million to $930 million.

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