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, 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.
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.
WesternOne entered into an asset-based credit agreement with Canadian Imperial Bank of Commerce for a three-year $35 million secured revolving credit facility.
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.
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.
Innergex Renewable Energy increased its revolving credit facility to $475 million from $425 million. TD Securities and BMO Capital Markets were lead arrangers.
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.
Pengrowth Energy finalized the terms of amending its agreements with lenders under its syndicated bank facility. Royal Bank of Canada and RBC Capital Markets are serving as agent and lead arranger, respectively.
Citizens Bank served as administrative agent for $300 million in new financing for business communications provider Mitel to acquire ShoreTel.