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.

December 12, 2022 Bank of Montreal | BofA Securities | Canadian Imperial Bank of Commerce | Citizens Bank | Desjardins | Eric Jacobs | Export Development Canada | Goldman Sachs | HSBC Bank Canada | IAA | MUFG Bank | RBC Capital Markets | Ritchie Bros | Royal Bank of Canada | TD Bank and Westpac Banking Corporation | The Bank of Nova Scotia | Truist Bank | U.S. Bank | wells fargo | Wells Fargo Securities Ian Koplin

HSBC Bank Canada Appoints Hankinson as CFO

HSBC Bank Canada appointed Daniel Hankinson chief financial officer, succeeding Gerhardt Samwell who left HSBC in July to pursue other opportunities. Hankinson is expected to start in the role in September 2022.

August 4, 2022 Daniel Hankinson | Gerhardt Samwell | HSBC Bank Canada | Linda Seymour Ian Koplin

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.

August 1, 2022 Bank of America | Bank of Nova Scotia | BMO Capital Markets | Export Development Canada | HSBC Bank Canada | HSBC UK | ICICI Bank Canada | MUFG Bank | National Bank Financial | NFI Group | Pipasu Soni | TD Bank | The Canadian Imperial Bank of Commerce | Wells Fargo Bank Ian Koplin

Scotiabank, HSBC and RBC Capital Markets Provide $1B Term Loan to Kinross Gold Corporation

Kinross Gold Corporation arranged a new $1 billion term loan. The Bank of Nova Scotia, HSBC Bank Canada and RBC Capital Markets were the joint lead arrangers of the facility. 

March 8, 2022 HSBC Bank Canada | Kinross Gold Corporation | RBC Capital Markets | The Bank of Nova Scotia Ian Koplin

TD Bank and National Bank Financial Arrange $300 Revolver for Shawcor

Shawcor closed on a four-year, $300 million senior secured revolving credit facility. TD Bank and National Bank Financial acted as co-lead arrangers and HSBC Bank Canada, JPMorgan Chase Bank and Export Development Bank acted as lenders for the facility.

January 14, 2022 Export Development Bank | HSBC Bank Canada | JPMorgan Chase Bank | Mike Reeves | National Bank Financial | Shawcor | TD Bank Phil Neuffer

National Bank of Canada-Led Syndicate Increases Stingray’s Credit Facilities to $442.5MM

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.

October 20, 2021 Business Development Bank of Canada | CIBC | Eric Boyko | HSBC Bank Canada | Investissement Québec | Royal Bank of Canada | Scotiabank | Stingray Group | TD Bank Ian Koplin

HSBC and TD Bank Provide $53MM Green Loan Credit Facility to Creative Energy Developments

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.

October 14, 2021 Angie Hall | Creative Energy Developments | HSBC Bank Canada | Krishnan Iyer | Toronto-Dominion Bank Ian Koplin

TD Bank-Led Syndicate Extends IBI Group’s Credit Facilities

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.

October 5, 2021 Bank of Montreal | HSBC Bank Canada | IBI Group | National Bank of Canada | Toronto-Dominion Bank Ian Koplin

HSBC Expands Sustainable Finance Product Suite for Canadian Businesses

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.

September 28, 2021 Alan Turner | Angie Hall | HSBC Bank Canada Ian Koplin

HSBC-Led Syndicate Supports Quarterhill’s Acquisition of Electronic Transaction Consultants

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.

September 2, 2021 Electronic Transaction Consultants | HSBC Bank Canada | Paul Hill | Quarterhill Phil Neuffer