Bank of Nova Scotia Provides $11.4MM Revolving Line of Credit to DAVIDsTEA

DAVIDsTEA, a tea merchant in North America, entered into an agreement with the Bank of Nova Scotia for a revolving line of credit in an amount of CAD $15 million ($11.4 million).

September 1, 2022 Bank of Nova Scotia | DAVIDsTEA | Frank Zitella | Investissement Québec Ian Koplin

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

CIBC, Desjardins and Investissement Québec Upsize Facilities by $21MM for Goodfood Market

Canadian Imperial Bank of Commerce, Desjardins Capital Markets and Investissement Québec expanded credit facilities by $21 million for Goodfood Market, an online Canadian grocery and meal kit company.

February 18, 2021 Canadian Imperial Bank of Commerce | Desjardins Capital Markets | Goodfood Market | Investissement Québec | Jonathan Ferrari Phil Neuffer

Desjardins and Investissement Québec Lead on $46MM Financing for Goodfood

Desjardins Capital Markets and Investissement Québec led a financial transaction of $46 million for online Canadian grocer Goodfood Market, which includes a $27.5 million revolving facility, a $12.5 million term loan and $6 million in additional short-term financing.

December 1, 2020 Desjardins Capital Markets | Goodfood Market | Investissement Québec | Jonathan Ferrari | Philippe Adam Ellie Delany

CIBC Supplies $15MM Growth Capital Financing to Alayacare

CIBC Innovation Banking provided a $15 million growth capital financing to AlayaCare. The debt facility will support AlayaCare’s plan to increase its presence in North America and Australia.

August 28, 2020 Adrian Schauer | AlayaCare | Caisse de dépôt et placement du Québec | CIBC Innovation Banking | Eric Laflamme | Inovia Capital | Investissement Québec Phil Neuffer

Investissement Québec Delivers $7.35MM Subordinated Term Loan to Birks Group

Investissement Québec closed a C$10 million ($7.35 million) subordinated secured term loan for Birks Group. The new term loan is subordinated to the company’s existing senior secured revolver facility with Wells Fargo Capital Finance Canada and Crystal Financial.

July 10, 2020 Birks Group | Investissement Québec | Jean-Christophe Bédos Phil Neuffer