Equitable Bank, a wholly-owned subsidiary of EQB, completed the acquisition of Concentra Bank for a premium of $35.7 million to its $459.7 million book value of common equity, subject to final standard closing purchase price adjustments.
The Bank of Montreal, the Canadian Imperial Bank of Commerce and Concentra Bank amended PharmHouse’s syndicated credit facility to provide an additional $10 million of secured debt financing. BMO acted as agent and lead lender for the facility.
BMO acted as agent and lead lender on C$80 million ($60.2 million) in secured debt financing for Canopy Rivers’ joint venture, PharmHouse. CIBC and Concentra Bank also participated as lenders on the facility.