Converge Technology Solutions refinanced its existing $300 million ABL credit facility with a new five-year, $500 million global revolving credit facility led by J.P. Morgan and Canadian Imperial Bank of Commerce as joint lead arrangers.
Capstone Copper closed the amendment and extension of its corporate revolving credit facility from $225 million to $500 million plus a $100 million accordion and extended the facility by four years. The Canadian Imperial Bank of Commerce is the administrative agent for the facility.
Celestica enhanced its current credit facility, including an expansion of its borrowing capacity with improved terms. Bank of America is acting as administrative agent for the syndicate of banks providing the expansion.
AirBoss of America updated its senior secured credit facilities with an expanded syndicate of banks. TD Bank served as sole lead arranger for the facilities, which were updated to increase the revolving credit availability to $250 million, among other changes.
Information Services Corporation entered into an amended and extended credit agreement in connection with a $150 million secured credit facility. Royal Bank of Canada is the administrative agent for the facility.
RF Capital Group secured a $200 million revolving credit facility with a syndicate of lenders led by Canadian Imperial Bank of Commerce. The facility includes an accordion provision that will enable the company to request increases in the total commitment.
Maverix Metals amended its revolving credit facility and increased the amount available by $40 million to $160 million. The syndicate of banks providing the facility include National Bank of Canada, Canadian Imperial Bank of Commerce, The Bank of Nova Scotia and Bank of Montreal.
Western Forest Products transitioned its current credit facility into a $250 million sustainability-linked credit facility. Royal Bank of Canada acted as sole bookrunner, co-lead arranger, administrative agent and sustainability structuring agent for the facility.
Canadian Imperial Bank of Commerce, Desjardins Capital Markets and Investissement Québec expanded credit facilities by $21 million for Goodfood Market, an online Canadian grocery and meal kit company.
The Bank of Montreal, the Canadian Imperial Bank of Commerce and Concentra Bank amended PharmHouse’s syndicated credit facility to provide an additional $10 million of secured debt financing. BMO acted as agent and lead lender for the facility.