National Bank Financial Archives

NFI Amends Existing Facilities with Bank of Nova Scotia and HSBC

NFI amended its existing $1.25 billion senior revolving credit facility and its £50 million ($67.6 million) revolving UK credit facility. The Bank of Nova Scotia is the administrative agent for the $1.25 billion revolver and HSBC UK is the administrative agent for the UK credit facility.

National Bank Financial-Led Syndicate Maintains Pipestone’s Credit Facility Capacity

National Bank Financial, Bank of Montreal, ATB Financial and Canadian Western Bank redetermined Pipestone Energy’s $225 million reserve-based loan. The credit facility’s capacity was maintained at $225 million.

June 12, 2020 ATB Financial | Bank of Montreal | Canadian Western Bank | National Bank Financial | Pipestone Energy Phil Neuffer

NBC, ATB, CWBank Fund Spartan Delta Acquisition with $100MM Facility

National Bank of Canada, ATB Financial and Canadian Western Bank provided a $100 million senior secured lending facility to help fund Spartan Delta’s acquisition of substantially all of the assets of Bellatrix Exploration.

NBF, BMO Lead Pipestone Energy $225MM Facility

Pipestone Energy successfully re-financed its existing credit facilities with a $225 million reserve-based loan (RBL), which provides meaningful financial flexibility going forward.

December 16, 2019 Alberta Treasuring Branches | Bank of Montreal | Canadian Western Bank | National Bank Financial | Pipestone Energy nadine

National Bank Leads $300MM Revolver for NACG

National Bank Financial led a banking syndicate on an upsized $300 million revolving credit agreement for North American Construction Group.

November 26, 2018 National Bank | National Bank Financial | North American Construction Group Amanda Koprowski

National Bank Arranges Facility to Support Blackbird/Pipestone Merger

Blackbird Energy and Pipestone Oil entered into an agreement that will combine the two companies. National Bank Financial acted as lead arranger and sole bookrunner on a $198.5 million credit facility to support the transaction.

October 31, 2018 Blackbird Energy | National Bank Financial | Pipestone Oil Amanda Koprowski

Scotiabank Agents $1B Revolver for NFI

NFI Group, the largest bus and motor coach manufacturer and parts distributor in North America, entered into a revolving credit facility with a total borrowing limit of $1 billion, which includes a $100 million letter of credit facility.

October 26, 2018 Bank of Nova Scotia | BMO Capital Markets | National Bank Financial | NFI ABF Journal

CIBC, Others Lead Northland Power New $1.25B Facility

Northland Power entered into a $1.25 billion credit facility with a syndicate of 12 financial institutions led by Canadian Imperial Bank of Commerce, Bank of Montreal and National Bank Financial.

June 25, 2018 Bank of Montreal | Canadian Imperial Bank of Commerce | National Bank Financial | Northland Power ABF Journal

BMO, TD, Other Upsize Innergex Revolver to $700MM

Innergex Renewable Energy completed its acquisition of Alterra Power, a transaction valued at $1.1 billion. Concurrently, BMO Capital Markets, National Bank Financial and TD Bank served as joint lead arrangers for a $225 million increase to Innergex’s revolving credit facility.

February 7, 2018 Alterra | BMO Capital Markets | Innergex | National Bank Financial | TD Securities Amanda Koprowski

Scotiabank Agents Royal Gold $1B Revolver Upsize

Royal Gold entered into a new $1 billion revolving credit facility with a group of banks led by Bank of Nova Scotia serving as administrative agent.

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