Medical Facilities completed a new $150 million syndicated revolving credit facility with National Bank of Canada, TD Bank and HSBC Canada.
Civeo completed its acquisition of 100% of the equity interests of Noralta Lodge. Royal Bank of Canada served as administrative agent for an amendment to Civeo’s credit facility to support the transaction.
TerraForm Power, a renewable energy company based in Maryland, closed a $450 million revolving credit facility with HSBC USA as administrative agent.
Citizens Bank served as administrative agent for $300 million in new financing for business communications provider Mitel to acquire ShoreTel.
Essential Energy Services has entered into a renewed credit facility agreement with a syndicate of lenders, including National Bank of Canada, TD Bank, HSBC Bank Canada and Canadian Western Bank. The facility was reduced to $40 million from $100 million.
PHX Energy Services provided notice to its lead agent, HSBC Canada, on behalf of its lenders under its syndicated credit facility to voluntarily reduce in part the unutilized portion of the facility from C$90 million to C$70 million.