Export Development Canada Archives

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

NFI Amends Existing Facilities with Bank of Nova Scotia and HSBC

NFI amended its existing $1.25 billion senior revolving credit facility and its £50 million ($67.6 million) revolving UK credit facility. The Bank of Nova Scotia is the administrative agent for the $1.25 billion revolver and HSBC UK is the administrative agent for the UK credit facility.

EDC Provides $10MM Credit Facility to Westport Fuel Systems

Westport Fuel Systems closed a $10 million term credit facility from Export Development Canada to bolster liquidity during the COVID-19 pandemic.

July 24, 2020 Dan Mancuso | David M. Johnson | Export Development Canada | Westport Fuel Systems Phil Neuffer

RBC Expands Ackroo’s Revolving Line of Credit to $1.6MM

Royal Bank of Canada, in cooperation with Export Development Canada, increased Ackroo’s current revolving line of credit from $350,000 to a maximum of $1.6 million. In addition, BDC Capital provided an additional $1 million of working capital to the company.

April 8, 2020 Ackroo | BDC Capital | Export Development Canada | Royal Bank of Canada | Steve Levely Phil Neuffer

Tag Archives: Export Development Canada