EDC Provides $55MM Term Loan to Gen III Oil

Gen III Oil received a term sheet from Export Development Canada (EDC), a financial Crown corporation, for a term loan for up to C$72 million ($55 million) to finance up to 50% of a base oil re-refinery in Bowden, Alberta.

HSBC Agents Spin Master Facility Increase to $510MM

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.