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).
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.
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.
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.
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.
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.