BMO Archives - Page 3 of 6

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.

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.

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

BMO Upsizes AssetMark’s Credit Facility to $500MM

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.

Citibank Refinances Alpha Metallurgical Resources’ Revolver

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.

December 7, 2021 Alpha Metallurgical Resources | Andy Eidson | BMO | Citibank | Eclipse Business Capital Phil Neuffer

JPMorgan, Citi, RBC and Truist Expand NMI’s Revolving Credit Facility to $250MM

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.

BMO Survey Reveals Customer Spending is Rising, Along with Increased Impulse and Excessive Spending

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.

September 9, 2021 BMO | BMO Real Financial Progress Index | Ipsos Ian Koplin

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