Export Development Canada Archives

NFI Group Enters Comprehensive Refinancing Plan with Several Lenders

NFI Group, an independent bus and coach manufacturer, is working to complete a comprehensive refinancing plan, which will include amendments to its existing senior secured credit facilities.

RBC, TD Bank and Export Development Canada Provide $97.5MM Credit Facility to FirstLight Power

FirstLight Power, a clean power producer, developer and energy storage company serving North America, completed the expansion of its corporate credit facility led by Royal Bank of Canada, TD Bank and Export Development Canada, the latter of which joined the facility with this expansion.

May 12, 2023 Chris Hurley | Export Development Canada | FirstLight Power | Royal Bank of Canada | TD Bank Ian Koplin

EDC, ING and Société Générale Execute $400MM Debt Facility for Generation Mining

Generation Mining executed a mandate letter to arrange a senior secured project finance facility of up to $400 million. A syndicate including Export Development Canada, ING Capital and Société Générale will act as the mandated lead arrangers for the facility.

NFI Completes Amendments to Credit Facilities

NFI Group, a bus and coach manufacturer completed the amendments to the company’s existing senior revolving credit facility and its revolving UK credit facility.

January 3, 2023 Export Development Canada | Government of Manitoba | NFI Group Ian Koplin

NFI Group Provides Update on Credit Facility Amendments with Government of Manitoba

NFI Group, an independent bus and coach manufacturer and a provider of electric mass mobility solutions, provided an update on proposed amendments to its credit facilities, including relief from existing covenants.

Lender Syndicate Amends Ritchie Bros.’ Credit Agreement to Support IAA Merger

Ritchie Bros. closed an amendment to its credit agreement with a syndicate of lenders to support the closing of its proposed merger with IAA. BofA Securities, RBC Capital Markets, Goldman Sachs and Wells Fargo Securities served as joint bookrunners for the agreement.

Roynat Capital and Export Development Canada Provide $31MM Term Loan to EverGen Infrastructure

EverGen Infrastructure signed a term sheet with its existing lender, Roynat Capital and Export Development Canada for a $31 million syndicated senior term loan to support the upgrade and construction of its renewable natural gas facilities.

Bank of Nova Scotia and HSBC Amend NFI Group’s Credit Facilities

NFI Group amended its existing $1.25 billion senior revolving credit facility and £50 million ($61 million) revolving UK credit facility. The Bank of Nova Scotia is the administrative agent for the revolver and HSBC UK is the administrative agent for the UK facility.

BMO Capital Markets Provides $60MM Revolving Credit Facility to VoltaGrid

VoltaGrid entered into a senior secured revolving credit facility. The facility provides the company immediate access to $60 million and up to $150 million under certain conditions. BMO Capital Markets is acting as administrative agent for the facility.

Accord Financial and Export Development Canada Introduce Trade Recovery Guarantee Program

As part of a continued partnership, Accord Financial and Export Development Canada are providing a trade recovery guarantee program that gives qualifying businesses access to up to $6.25 million in additional working capital.

February 11, 2022 Accord Financial | Export Development Canada Ian Koplin

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