HSBC Agrees to Sell Banking Business in Canada to Royal Bank of Canada for $10.1B

HSBC Holdings’ wholly-owned subsidiary, HSBC Overseas Holdings (UK) Limited, entered into an agreement to sell its banking business in Canada (HSBC Canada) to Royal Bank of Canada (RBC) for a base cash consideration of C$13.5 billion ($10.1 billion).

November 29, 2022 HSBC | HSBC Canada | Noel Quinn | Royal Bank of Canada Ian Koplin

NBC, TD, HSBC Provide New $150MM Revolver to Medical Facilities

Medical Facilities completed a new $150 million syndicated revolving credit facility with National Bank of Canada, TD Bank and HSBC Canada.

August 31, 2018 HSBC Canada | Medical Facilities | National Bank of Canada | TD Bank ABF Journal

RBC Supports Civeo Acquisition of Noralta

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.

April 3, 2018 Civeo | HSBC Canada | Noralta Lodge | Royal Bank of Canada | Scotiabank Amanda Koprowski

HSBC Agents New $450MM Revolver for TerraForm Power

TerraForm Power, a renewable energy company based in Maryland, closed a $450 million revolving credit facility with HSBC USA as administrative agent.

October 18, 2017 Bank of Montreal | Bank of Nova Scotia | HSBC Canada | HSBC USA | Natixis Securities Americas | RBC Capital Markets | Sumitomo Mitsui Banking | TerraForm Power ABF Journal

Citizens, BMO, Others Support Mitel Acquisition of ShoreTel

Citizens Bank served as administrative agent for $300 million in new financing for business communications provider Mitel to acquire ShoreTel.

September 27, 2017 BMO Capital Markets | Canadian Imperial Bank of Commerce | Citizens Bank | HSBC Canada | Mitel | ShoreTel ABF Journal

National Bank of Canada, Others Downsize Essential Energy Facility

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.

June 17, 2016 Canadian Western Bank | Essential Energy Services | HSBC Canada | National Bank of Canada | TD Bank ABF Journal

HSBC Canada Provides C$5.27MM Credit Facility for Luxor Industries

Luxor Industrial finalized a C$5.275 million ($4.21 million) credit facility with HSBC Canada.

May 5, 2016 HSBC Canada | Luxor ABF Journal

PHX Energy Cuts C$20MM from HSBC Canada Led Lender Facility

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.

March 16, 2016 HSBC Canada | HSBC USA | PHX Energy ABF Journal