Pipestone Energy increased its reserve-based loan to $280 million from $225 million. The banking syndicate for the facility, which is co-led by National Bank Financial and BMO and includes ATB Financial and Canadian Western Bank, was expanded to also include the Business Development Bank of Canada.
Stingray Group completed the increase and extension of its existing credit facilities, which now total $442.5 million. A syndicate of banks led by National Bank of Canada, Bank of Montreal and Fédération des Caisses Desjardins as co-lead arrangers is providing the credit facilities.
D-BOX Technologies, a provider of haptic and immersive entertainment experiences, closed a loan with the National Bank of Canada in connection with the Highly Affected Sectors Credit Availability Program offered by the Business Development Bank of Canada.
TD Bank provided ProntoForms, a provider in field-focused low-code application platforms for enterprise, with a revolving credit facility for up to C$6 million ($4.52 million) with a two-year commitment renewable annually.
The Business Development Bank of Canada, in partnership with the TMA, Montreal Chapter, launched the BDC Entrepreneurial Resiliency Award that will recognize a business that has come back stronger after undergoing a turnaround.