ING and Macquarie Provide $70MM Credit Facility to Contango ORE

Contango ORE entered into a credit and guaranty agreement with ING Capital and Macquarie Bank for a senior secured loan facility of up to $70 million to fund a portion of the pre-production construction and working capital/operating expenditures for the Manh Choh gold project in Alaska.

May 22, 2023 Contango ORE | Holland & Knight | ING Capital | Macquarie Bank | Peak Gold | Perkins Coie | Rick Van Nieuwenhuyse | Roc Global Ian Koplin

BMO and ING Amend Sustainability-Linked Loan for Torex Gold

Torex Gold Resources amended the terms of its $150 million revolving credit facility and its $100 million term loan to include incentive pricing terms related to achieving various sustainability performance targets.

May 5, 2023 ING Capital | The Bank of Montreal Ian Koplin

EDC, ING and Société Générale Execute $400MM Debt Facility for Generation Mining

Generation Mining executed a mandate letter to arrange a senior secured project finance facility of up to $400 million. A syndicate including Export Development Canada, ING Capital and Société Générale will act as the mandated lead arrangers for the facility.

May 3, 2023 Cassels Brock & Blackwell | Endeavour Financial | Export Development Canada | Generation Mining Limited | ING Capital | Jamie Levy | Shearman & Sterling | Societe Generale Ian Koplin

Syndicate of Lenders Close Oversubscribed $3.4B Revolving Credit Facility with Mercuria

Mercuria’s North American operating entities closed its $3.4 billion multi-year senior secured borrowing base credit facility. The facility was over-subscribed, enabling Mercuria to increase the size by $100 million.

December 13, 2022 Coöperatieve Rabobank | Credit Agricole | Guillaume Vermersch | ING Capital | Marty Bredehoft | Mercuria | Mercuria Commodities Canada Corporation | Mercuria Energy America | Minerva Bunkering | Mizuho Bank | MUFG Bank | Natixis | New York Branch | Societe Generale | Sumitomo Mitsui Banking Corporation | UniCredit Bank AG Ian Koplin

ING Capital Leads Expansion of BB Energy’s Credit Facility to $580MM

BB Energy, a global independent energy trading company, refinanced and expanded a $580 million senior secured borrowing base credit facility.

November 14, 2022 Banco Latinoamericano de Comercio Exterior | BB Energy | Citibank | Credit Agricole Corporate and Investment Bank | GarantiBank International | HSBC Bank | ING Capital | Jacques Erni | Natixis | Societe Generale | UBS Switzerland | Valley National Bank | Wells Fargo Bank Ian Koplin

ING, Wells Fargo, MUFG and Société Générale Expand Six One Commodities’ Revolver

Six One Commodities closed a one-year, $745 million revolving borrowing base credit facility, which was expanded from $540 million by the company’s existing financial institutions. ING Capital, Wells Fargo, MUFG and Société Générale are joint lead arrangers for the facility.

September 30, 2022 Benjamin Sutton | Coöperative Rabobank | HSBC Bank | ING Capital | Matthew Rosetti | MUFG | Six One Commodities | Societe Generale | wells fargo Phil Neuffer

Scotiabank Leads $2B Multi-Facility Transaction

Phoenix Tower International amended and restated its senior credit facilities to consolidate and expand them into a single $2 billion senior secured multi facility transaction covering all of North and South America.

August 23, 2022 Banco Santander | BNP Paribas | Crédit Agricole Corporate Investment Bank | ING Capital | JP Morgan Chase Bank | MUFG Bank | Phoenix Tower International | Scotiabank | Societe Generale | Sumitomo Mitsui Banking Corporation Ian Koplin

BMO Leads Syndicate of Lenders Providing Torex Gold Resources Additional $100MM in Credit

Torex Gold Resources finalized a credit agreement with a syndicate of banks which increases the amount of credit available to $250 million from $150 million and extends the maturity of the facilities into 2025 from 2023.

August 19, 2022 Andrew Snowden | Bank of Nova Scotia | BMO | Canadian Imperial Bank of Canada | ING Capital | National Bank of Canada | Societe Generale | Torex Gold Resources Ian Koplin

Canadian Imperial Bank of Commerce Expands Capstone Copper’s Revolver to $500MM

Capstone Copper closed the amendment and extension of its corporate revolving credit facility from $225 million to $500 million plus a $100 million accordion and extended the facility by four years. The Canadian Imperial Bank of Commerce is the administrative agent for the facility.

July 25, 2022 Bank of Montreal | Canadian Imperial Bank of Commerce | Capstone Copper | Citibank | Glencore Chile SpA | ING Capital | National Bank of Canada | Raman Randhawa | Royal Bank of Canada | The Bank of Nova Scotia | Wells Fargo Bank Ian Koplin

JPMorgan Agents $1.25B Alcoa Revolving Credit Facility Amendment

Alcoa amended and restated its existing revolving credit facility into a $1.25 billion revolving credit facility with improved terms, including the addition of sustainability-linked metrics. JPMorgan Chase acted as the administrative agent.

June 30, 2022 Alcoa | Citibank | ING Capital | JPMorgan Chase Rita Garwood