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.
Citibank acted as sole structuring agent for Atlas, which closed its $285 million senior secured financing on behalf of its wholly owned subsidiary, APR Energy.
Osisko Gold Royalties amended its revolving credit facility, increasing the amount from $350 million to $400 million. National Bank of Canada served as administrative agent.
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.
Ackroo received approval from the Royal Bank of Canada, in cooperation with Export Development Canada, to increase its current revolving line of credit from $200,000 to $350,000.
Altius Minerals amended its existing credit facility to refinance its existing term and revolver debt. Bank of Nova Scotia and ING Capital led the refinancing, with TD Bank and Export Development Canada participating.
Cathedral Energy Services entered into a new credit facility, with Alberta Treasury Branches serving as agent and lender and Export Development Canada acting solely as lender.