BMO Financial Group financed a deal with a sustainability-linked loan structure for Sandstorm Gold Royalties. The new sustainability-linked, four-year, $350 million revolving credit facility includes terms that reduce or increase the borrowing costs as sustainability performance targets are met or missed.
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.
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.
BMO Financial Group ranked in the 91st percentile of banks globally on the Dow Jones Sustainability Indices. The DJSI is a set of best-in-class benchmarks for investors who recognize that sustainable business practices are critical to generating long-term shareholder value.
BMO Financial Group announced BMO EMpower, a series of long-term commitments to advance inclusive economic recovery in the United States, pledging $5 billion over the next five years to address key barriers faced by minority businesses, communities and families.
BMO Financial Group named Tom Flynn vice chair while hiring Tayfun Tuzun as CFO, effective Jan. 1. Simon Fish moved from general counsel to special advisor to the CEO and Sharon Haward-Laird was appointed general counsel.
BMO Financial Group is partnering with The Clearing House Payments Company to allow business customers in the U.S. to receive funds immediately from any sending participant bank in the Real-Time Payments network.
BMO Financial Group revealed new, five-year diversity goals to address gaps affecting Black, Indigenous, People of Color, Latino and LGBTQ2+ employees, customers and communities.
BMO Capital Markets acted as financial advisor for BMO Financial Group during the completion of its acquisition of Clearpool Group. Meanwhile, Financial Technology Partners served as financial advisor for Clearpool.