Scotiabank, BMO, TD Securities Lead $250MM Alamos Gold Upsize
Alamos Gold increased the size of its credit facility from $150 million to $400 million. Scotiabank, BMO Capital Markets and TD Securities led the transaction.
Alamos Gold increased the size of its credit facility from $150 million to $400 million. Scotiabank, BMO Capital Markets and TD Securities led the transaction.
Reuters reported that the Bank of Nova Scotia and the Bank of Montreal posted higher than expected quarterly earnings due to the strong Canadian economy.
Carmanah Technologies amended its commitment letter from the Canadian Imperial Bank of Commerce, increasing the total to $25.5 million.
B2Gold secured an increase to $500 million for its revolving credit facility led by HSBC as administrative agent, sole lead arranger and sole book runner.
Tahoe Resources amended its credit agreement with a syndicate of lenders led by the Bank of Nova Scotia, increasing revolving funds to $300 million and adding a $50 million accordion feature.
Detour Gold closed a $500 million senior secured credit facility with its existing bank group. Bank of Montreal served as administrative agent.
After receiving a $5 million credit facility from CIBC, Royalty North Partners closed a $5 million, two-tranche loan transaction with SunSystem.
Enterprise communications company Mitel closed a $500 million credit facility with a syndicate of banks led by Citizens Bank as administrative agent.
Superior Plus will acquire Gibson Energy’s industrial propane business in a transaction valued at $412 million. Bank of Nova Scotia and Canadian Imperial Bank of Commerce were said to have provided financing to support the deal.
Just Energy Group increased the capacity of its credit facility by C$50 million ($37.2 million) to C$342.5 million ($254.8 million) via a letter of credit provided by Canadian Imperial Bank of Commerce.