Scotiabank Agents Royal Gold $1B Revolver Upsize
Royal Gold entered into a new $1 billion revolving credit facility with a group of banks led by Bank of Nova Scotia serving as administrative agent.
Royal Gold entered into a new $1 billion revolving credit facility with a group of banks led by Bank of Nova Scotia serving 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.
Parsley Energy amended its revolver, increasing the borrowing base by 60% to $1.4 billion. Wells Fargo served as administrative agent for the lender group, which included five new lenders.
Cargojet amended its syndicated banking facility to increase its revolving credit facility from $175 million to $200 million and add a $75 million term loan facility. RBC led the bank syndicate for the transaction.
Spin Master, a global children’s entertainment company, entered into an agreement with a syndicate of lenders to increase its credit facility to $510 million.
Diamond Estates Wines & Spirits has created a new partnership with Canadian Imperial Bank of Commerce in which CIBC assumed the commercial bank role and increased the company’s credit facility to $4.5 million.
CIBC has entered into an agreement to acquire PrivateBancorp and its subsidiary, The PrivateBank, a Chicago-based middle market commercial bank with $17.7 billion in assets.
Catalyst Paper amended its ABL credit facility, which included an increase of the revolver commitments by $25 million to $250 million. The lenders included CIBC as agent and Wells Fargo Capital Finance of Canada.
Boralex closed the refinancing of its credit facility in the amount of C$360 million ($287.37 million) encompassing a C$300 revolver ($239.47 million) and a C$60 million ($47.89 million) letter of credit facility.
Journey Energy has completed its semi-annual review of its revolving credit facility that has been set at $140 million, a decrease from $205 million. Bank of Montreal served as administrative agent for the lender group.