Quisitive Technology Solutions paid out and retired its existing credit facility and entered into a new credit facility with a syndicate led by Bank of Montreal. The loan agreement provides for a five-year term loan of $70 million and a revolving loan facility of up to $5 million.
The Lion Electric Company entered into a credit agreement providing for a new revolving credit facility in the maximum principal amount of $100 million with a syndicate of lenders represented by National Bank of Canada as administrative agent, lead arranger and sole bookrunner.
Canadian Imperial Bank of Commerce, Desjardins Capital Markets and Investissement Québec expanded credit facilities by $21 million for Goodfood Market, an online Canadian grocery and meal kit company.
Desjardins Capital Markets and Investissement Québec led a financial transaction of $46 million for online Canadian grocer Goodfood Market, which includes a $27.5 million revolving facility, a $12.5 million term loan and $6 million in additional short-term financing.
Goodfood Market closed a $13.5 million secured financing with Desjardins Capital Markets. The financing included a secured $10 million three-year term loan, a $2.5 million revolver and $1 million in other financing.