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.
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.
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.
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.
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.
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.
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.