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, 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.
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.
Pipestone Energy successfully re-financed its existing credit facilities with a $225 million reserve-based loan (RBL), which provides meaningful financial flexibility going forward.
National Bank Financial led a banking syndicate on an upsized $300 million revolving credit agreement for North American Construction Group.
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.
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.
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.
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.
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.