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.
Rocky Mountain Dealerships said it amended and upsized its credit facility to $270 million with a group of banks led by CIBC as administrative agent.
Just Energy Group confirmed the company has renegotiated an agreement with a syndicate of lenders, including CIBC as administrative agent, which increases capacity, lengthens term and improves rate.
Celestica announced the amendment and restatement of its credit facility to add a $250 million term loan. CIBC acted as administrative agent.
Pan American Silver entered into a senior revolver with a syndicate of eight lenders.
Tembec announced it successfully amended its asset-based secured revolving credit facility with GE Capital and CIBC.
Vicwest announced it negotiated a $120 million ABL facility with a syndicate of lenders, co-led by CIBC and National Bank of Canada, which includes RBC and the Scotiabank. CIBC is acting as administrative agent.
Northland Power announced it completed an amendment to its corporate credit facility with a syndicate of financial institutions led by Canadian Imperial Bank of Commerce and the Bank of Montreal.
Empire Industries said it closed a $13.5 million debt facility with CIBC. The new facility replaces the $6 million facility the group had in place with Canadian Western Bank.
Element Financial closed a new $585 million senior revolving credit facility to fund the company’s planned origination activity into 2014. Bank of Montreal acted as administrative agent.