Bank of Nova Scotia, Others Amend Sandstorm Credit Facility

Sandstorm Gold amended its revolving credit agreement, allowing the company to borrow up to $150 million for general corporate purposes. The Bank of Nova Scotia, among others, led the amendment.

CIBC Upsizes IntriCon Facility to $6.5MM

IntriCon amended its credit facilities with CIBC Bank USA, increasing the term loan to $6.5 million and extending the maturity date to December 2002.

Discovery Air Extends CIBC Facility, Adds Clairvest Facilities

Discovery Air has extended its operating credit facility with the Canadian Imperial Bank of Commerce for a term ending January 31, 2018. The company’s subsidiaries Air Tindi and Discovery Air Defence Services closed facilities with the Clairvest Group.

WesternOne Closes $35MM ABL Revolver with CIBC

WesternOne, a provider of construction and infrastructure services, closed a new three-year $35 million secured asset-based revolving credit facility with Canadian Imperial Bank of Commerce.

Alberta Treasury Upsizes Yangarra Facility to $120MM

Yangarra Resources increased its syndicated senior credit facility to $120 million with a group of banks led by Alberta Treasury Branches. The group also includes Canadian Imperial Bank of Commerce and National Bank of Canada.

CIBC Provides $35MM ABL Facility for WesternOne

WesternOne entered into an asset-based credit agreement with Canadian Imperial Bank of Commerce for a three-year $35 million secured revolving credit facility.

NBC Supports Whitecap Acquisition of World Class Enhanced Oil Recovery

Whitecap Resources entered into an agreement to purchase light oil assets in Southeast Saskatchewan for $940 million. National Bank of Canada served as administrative agent for an increase of the company’s facility to $1.7 billion to support the purchase.

National Bank of Canada Upsizes Osisko Credit Facility to $450MM

Osisko Gold Royalties amended its revolving credit facility, increasing the amount from $150 million to $350 million, with an additional uncommitted accordion of up to $100 million.

TD Bank, BMO, Others Upsize Innergex Revolver to $475MM

Innergex Renewable Energy increased its revolving credit facility to $475 million from $425 million. TD Securities and BMO Capital Markets were lead arrangers.

CIBC Provides $24.MM Facility to AAR & AAR Canada Holdings

AAR, as parent guarantor, and AAR Canada Holdings, as borrower, entered into a C$31 million ($24.5 million) credit agreement with the Canadian Imperial Bank of Commerce.