AssetMark Financial entered into an amended and restated credit agreement that provides for a $500 million senior secured credit facility. Bank of Montreal is the administrative agent and sustainability coordinator for the facility.
Alpha Metallurgical Resources, a supplier of metallurgical products for the steel industry, refinanced its asset-based revolving credit facility, which was previously set to expire in April 2022. Citibank is serving as administrative agent and collateral agent on the refinancing.
NMI Holdings amended its senior secured revolving credit facility, increasing the revolving capacity to $250 million and extending the maturity from Feb. 22, 2023, to Nov. 10, 2025. JPMorgan Chase Bank, Citibank, RBC Capital Markets and Truist Securities served as joint lead arrangers.
Alongside eased pandemic restrictions, consumers report an increase in excessive spending and other financial behaviors that worsen financial progress in latest BMO Real Financial Progress Index.
Bank of Montreal elected Madhu Ranganathan and Stephen Dent to the company’s board of directors. Ranganathan is the executive vice president and CFO at OpenText. Dent is a managing director and co-founder of Birch Hill Equity Partners.
Supreme Cannabis has entered into a credit agreement with Bank of Montreal as lead arranger and agent for $90 million in senior secured credit facilities consisting of a term loan of $70 million and a revolving credit facility of $20 million.
BMO acted as administrative agent on an amended credit agreement for Jamieson Wellness. The amended facilities now include a provided availability of up to C$475 million ($358.3 million).
Canada’s Aurora Cannabis is increasing the size of a secured credit facility to C$360 million ($280 million) from C$200 million ($150 million).
Sunens Farms, a subsidiary of Auxly Cannabis, entered into a term sheet for a syndicated credit facility, with the Bank of Montreal as lead underwriter.
Comstock Resources closed the acquisition of Covey Park Energy in a cash and stock merger valued at approximately $2.2 billion. Bank of Montreal served as administrative agent for a $2.5 billion revolver to support the transaction.