NBF, BMO Lead Pipestone Energy $225MM Facility

Pipestone Energy successfully re-financed its existing credit facilities with a $225 million reserve-based loan (RBL), which provides meaningful financial flexibility going forward.

Canadian Western Upsizes Delta 9 Facility to $18.1MM

Delta 9 Cannabis amended its borrowing arrangement with Canadian Western Bank to increase its existing loan and credit facility to approximately $18.19 million.

NBC, Others Upsize Essential Facility to $50MM

Essential Energy Services amended and restated its revolving secured credit facility agreement with a syndicate of lenders, including National Bank of Canada, ATB Financial and Canadian Western Bank.

CIBC, NBC Lead Just Energy Refi

Just Energy Group renegotiated an agreement with a syndicate of lenders to increase its credit facility to $352.5 million. Canadian Imperial Bank of Commerce and National Bank of Canada were joint lead arrangers.

Crown Capital Closes $8MM Facility for Canadian Helicopters

Crown Capital Partners closed an $8 million term loan with Canadian Helicopters, a part of the HNZ Group.

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, Others Downsize Essential Energy Facility

Essential Energy Services has entered into a renewed credit facility agreement with a syndicate of lenders, including National Bank of Canada, TD Bank, HSBC Bank Canada and Canadian Western Bank. The facility was reduced to $40 million from $100 million.

Canadian Western Bank Demands $15.9MM From Terra Energy

Canadian Western Bank has made demands upon its debtor Terra Energy, along with certain subsidiaries, as guarantors, for payment in full of its outstanding indebtedness of $15.9 million plus interest and fees.

Canadian Western Provides $2MM Loan to CEMATRIX

CEMATRIX Canada entered into a new financing agreement with the Canadian Western Bank for a $2 million demand operating loan.

Scotiabank Provides Claude Resources with $25MM Facility

Claude Resources secured a $25 million credit facility with Scotiabank to replace it’s $19.9 million term loan managed by Crown Capital Partners.