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

BMO Earns Top Ranking on New Global Sustainability Benchmark

The World Benchmarking Alliance (WBA) named BMO the world’s top ranked financial institution based on its 2022 Financial System Benchmark, a new global benchmark to assess how firms are helping make progress in support of a just and sustainable economy.

November 28, 2022 BMO | Michael Torrance | World Benchmarking Alliance Ian Koplin

National Bank of Canada Leads Syndicate Providing $60MM Credit Facility to Alida

Alida, a provider of experience management, secured a $60 million syndicated credit facility from National Bank of Canada through its technology and innovation banking group.

November 10, 2022 Alida | BMO | Comerica | Mathieu Apuzzo | National Bank of Canada | Ross Wainwright | Silicon Valley Bank Ian Koplin

BMO Supports MiddleGround Capital’s Acquisition of HLC

BMO’s asset-based lending group served as sole lender on a cross-border senior secured ABL revolver facility to support MiddleGround Capital’s acquisition of HLC.

October 13, 2022 BMO | HLC | MiddleGround Capital Ian Koplin

BMO Expands Minority Small Business Lending with Launch of BMO for Native-Owned Businesses

BMO launched BMO for Native-owned businesses as part of its five-year, $5 billion BMO EMpower initiative aimed at supporting an inclusive economic recovery for minority businesses, communities and families through lending, investing, giving and engagement in local communities.

October 12, 2022 BMO | Niamh Kristufek | Pete Upton Ian Koplin

BMO Provides $250MM ABL Facility to Support Center Lane’s Merger with Keeco

BMO’s asset-based lending group served as administrative agent and sole underwriter and bookrunner on a $250 million senior secured ABL revolver facility to support the Centre Lane Partners-led merger of portfolio company Hollander Sleep & Décor with Keeco.

September 29, 2022 BMO | Centre Lane Partners | Hollander Sleep Décor | Keeco 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.

August 19, 2022 Andrew Snowden | Bank of Nova Scotia | BMO | Canadian Imperial Bank of Canada | ING Capital | National Bank of Canada | Societe Generale | Torex Gold Resources Ian Koplin

BMO and JP Morgan Provide $100MM Debt Facility to FreshBooks

FreshBooks, an accounting software with paying customers in more than 160 countries, secured a $100 million syndicated debt facility with BMO and J.P. Morgan.

August 4, 2022 BMO | Christopher Jackson | Don Epperson | FreshBooks | J.P. Morgan | Michael Washinushi | Richard Zeni Ian Koplin

Agrawal to Succeed Cronin as Chief Risk Officer at BMO

Patrick Cronin, chief risk officer of BMO, will retire. The bank appointed Piyush Agrawal to succeed Cronin. Agrawal will join the bank as deputy chief risk officer on July 1 and after a transition period with Cronin, become chief risk officer on Nov. 1.

June 13, 2022 BMO | Darryl White | Patrick Cronin | Piyush Agrawal Ian Koplin