BMO Provides $39MM Debt Facility for WeedMD
WeedMD, a federally-licensed producer and distributor of medical-grade cannabis, entered into a credit facility of up to $39 million of secured debt financing with Bank of Montreal.
WeedMD, a federally-licensed producer and distributor of medical-grade cannabis, entered into a credit facility of up to $39 million of secured debt financing with Bank of Montreal.
Bank of Montreal agreed to extend AgroFresh Solutions’ $12.5 million revolving credit facility from July 31, 2019 to Dec 31, 2020. The extension will enhance the company’s liquidity and financial flexibility.
National Bank of Canada led a banking syndicate on a $75 million upsize to Park Lawn’s financing arrangement, increasing the borrowing capacity from $150 million to $225 million.
BMO acted as agent and lead lender on C$80 million ($60.2 million) in secured debt financing for Canopy Rivers’ joint venture, PharmHouse. CIBC and Concentra Bank also participated as lenders on the facility.
Ero Copper refinanced all of its current U.S. dollar denominated senior secured debt via a new $130 million debt financing, comprised of an $80 million senior secured term facility and a $50 million senior secured revolver, with Scotiabank and Bank of Montreal.
Aurora Cannabis closed its previously announced debt facility with the Bank of Montreal, consisting of a $150 million term loan and a $50 million revolving credit facility.
Bank of Montreal agreed to provide a new $200 million debt facility, with a potential upsize to $250 million, to Aurora Cannabis. The facility will consist of a $150 million term loan and a $50 million revolver.
Reuters reported Credit Suisse led the financing of a $2.59 billion leveraged loan supporting Blackstone’s buyout of UK-based payment processing company Paysafe.
BlueLinx Holdings closed a new five-year $335 million syndicated secured asset-based revolving credit facility. Wells Fargo served as administrative agent.
School Specialty completed a new $140 million term loan with TCW’s Direct Lending Group and amended its $125 million ABL with Bank of America and Bank of Montreal.