HSBC Agents Spin Master Facility Increase to $510MM
Spin Master, a global children’s entertainment company, entered into an agreement with a syndicate of lenders to increase its credit facility to $510 million.
Spin Master, a global children’s entertainment company, entered into an agreement with a syndicate of lenders to increase its credit facility to $510 million.
Modine Manufacturing entered into a purchase agreement to acquire the shares of seven target companies held by Luvata. JPMorgan agented an amendment to Modine’s credit facility to support the transaction, including a new $275 million term loan.
Bombardier Recreational Products, a subsidiary of BRP, refinanced its existing credit facilities. Royal Bank of Canada and BMO Capital Markets acted as joint lead arrangers.
Altus Group expanded its revolver to $200 million (from $159.7 million).
Radiant Logistics completed its acquisition of Wheels Group. Radiant financed the cash portion of the consideration and fees/expenses through advances under a $65 million senior revolving cross-border facility with Bank of America and Bank of Montreal.
Petrowest entered into a new-year credit agreement with Bank of Montreal and a syndicate comprised of Royal Bank of Canada, ATB Financial and Canadian Western Bank.
Element Financial expanded the company’s existing senior credit facility to $1.6 billion with the addition of a further $100 million commitment from a U.S.-based bank. The facility is led by BMO.
Northland Power announced it completed an amendment to its corporate credit facility with a syndicate of financial institutions led by Canadian Imperial Bank of Commerce and the Bank of Montreal.