Stingray Group completed the increase and extension of its existing credit facilities, which now total $442.5 million. A syndicate of banks led by National Bank of Canada, Bank of Montreal and Fédération des Caisses Desjardins as co-lead arrangers is providing the credit facilities.
Creative Energy Developments, an owner and operator of district energy systems in North America, closed a $53 million credit facility, which includes the refinancing of $28 million of existing debt and a $22 million green loan facility and was led by HSBC Bank Canada and TD Bank.
IBI Group entered into amended and restated credit facilities with its syndicate of lenders, including TD Bank, National Bank of Canada, HSBC Bank Canada and Bank of Montreal. The maturity date of the facilities was extended from Sept. 27, 2022, to Sept. 29, 2025.
HSBC Bank Canada launched five new sustainable finance tools for commercial and global banking clients, including green deposits, green trade finance, green revolving credit facilities, sustainability-linked loans and green equipment financing.
Quarterhill closed its previously announced acquisition of 100% of the outstanding equity of Richardson, TX-based Electronic Transaction Consultants. A syndicated of banks led by HSBC Bank Canada is leading the debt financing for the transaction.
Concurrent with its acquisition of CRH Medical, WELL Health Technologies entered into an amended senior secured credit arrangement with up to $300 million of available credit. JPMorgan, CIBC and HSBC Bank Canada led the syndicate of lenders providing the facility.
HSBC Bank Canada appointed Alan Turner head of commercial banking, succeeding Linda Seymour, who took on the role of president and CEO of the bank in September 2020.
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.
According to a survey from HSBC, 98% of Canadian issuers factor sustainability into their practice. While issuers and investors reported common ground on investment opportunities in infrastructure investment, the two groups differ when it comes to clean power technology.
The Bank of Nova Scotia is serving as administrative agent for an amendment to a first lien secured revolving credit facility for Trevali Mining, which also entered into an up to $20 million second lien secured facility agreement with Glencore Canada.