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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.