BMO Amends Lifecore Biomedical’s ABL Revolver

Lifecore Biomedical entered into a broad set of agreements with long-term customer Alcon that provide for the repayment of the company’s existing credit agreement with its current lenders. Concurrently with this arrangement, Lifecore and BMO entered into an amendment to the company’s revolving credit facility.

May 23, 2023 Alcon | BMO | James G. Hall | Lifecore Biomedical Ian Koplin

BMO Leads $250MM Increase to Colliers’ Credit Facility

BMO led a $250 million increase in the total commitments under Colliers’ unsecured multi-currency revolving credit facility to a total borrowing capacity of $1.75 billion.

May 1, 2023 BMO | Colliers Ian Koplin

BMO Provides $100MM Credit Facility to Support Ninepoint’s Credit Fund

Ninepoint Partners, the manager of Ninepoint-TEC Private Credit Fund II, secured a $100 million revolving credit facility from BMO, with $50 million committed and an additional $50 million available through an accordion feature.

April 28, 2023 BMO | John Wilson | Ninepoint Partners | Ninepoint-TEC Private Credit Fund II | Ramesh Kashyap Ian Koplin

BMO Canadian Business Banking Launches Climate Financing Program

BMO Canadian Business Banking launched Greener Future Financing — its first climate financing program — which has been developed to help agriculture businesses looking to build climate resilient operations.

April 24, 2023 BMO | Michael Torrance | Mike Bonner Ian Koplin

Goeasy Exercises Accordion Option on Revolver with BMO-Led Syndicate

Non-prime consumer lender goeasy exercised the accordion feature of its revolving credit facility, increasing the facility to $370 million. A banking syndicate including BMO continues to underwrite the facility.  

March 29, 2023 BMO | CIBC | goeasy | National Bank of Canada | Royal Bank of Canada | TD Bank | Wells Fargo Bank Markiesha Thompson

Loyalty Ventures Files for Chapter 11 Bankruptcy

Loyalty Ventures and certain of its subsidiaries filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas.

March 13, 2023 BMO | Loyalty Ventures Ian Koplin

BMO Provides $35MM Term Loan to Medexus Pharmaceuticals

Medexus Pharmaceuticals entered into a senior secured credit agreement agented by BMO. The credit agreement provides for a $35 million term loan facility and a $3.5 million revolving loan facility for working capital.

March 9, 2023 BMO | Marcel Konrad | Medexus Pharmaceuticals Ian Koplin

Desjardins and National Bank Join Syndicate Amending Secured Loan Facility for Victoria Gold

Victoria Gold amended its secured debt agreement. The loan facility is comprised of a term loan and a revolving credit facility. Pursuant to the amended loan facility, the company has added Desjardins and National Bank to the syndicate, replacing BNP Paribas.

February 23, 2023 BMO | BNP Paribas | CIBC | Desjardins | John McConnell | National Bank | Victoria Gold Ian Koplin

BMO Receives Final Regulatory Approvals for Bank of the West Acquisition

BMO Financial Group has received all required regulatory approvals to complete its acquisition of Bank of the West from BNP Paribas and expects the acquisition to close on Feb. 1, subject to the satisfaction of customary closing conditions.

January 19, 2023 Bank of the West | BMO | BNP Parbias | Claudia Fan Munce | Darryl White | David Casper | Jean-Laurent Bonnafé | John Rau | Nandita Bakhshi Ian Koplin

BMO Expands Gatos Silver’s Credit Facility

Gatos Silver extended the maturity date and re-established a credit limit of $50 million in an amended and restated revolving credit facility with BMO. The revolver includes an accordion feature providing up to an additional $25 million of credit.

December 21, 2022 André van Niekerk | BMO | Dale Andres | Gatos Silver Phil Neuffer