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.
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.