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