National Bank of Canada Extends Maturity Date of Titan Mining’s Credit Facility
Titan Mining extended the maturity date of its $40 million credit facility with National Bank of Canada from Dec. 6, 2023, to Dec. 6, 2024.
Titan Mining extended the maturity date of its $40 million credit facility with National Bank of Canada from Dec. 6, 2023, to Dec. 6, 2024.
Alida, a provider of experience management, secured a $60 million syndicated credit facility from National Bank of Canada through its technology and innovation banking group.
good natured Products completed a senior secured revolving credit facility with Wells Fargo Bank consisting of a $30 million asset-based revolving credit facility with a four-year term and an uncommitted $25 million revolving facility.
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.
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.
Kiwetinohk Energy’s existing lenders, including Bank of Montreal, ATB Financial and National Bank of Canada, completed their semi-annual borrowing base redetermination and agreed to amend Kiwetinohk’s credit facility and increase the borrowing limit from $225 million to $315 million.
Taseko Mines Limited signed a $50 million revolving credit facility, which was arranged and fully underwritten by National Bank of Canada and will be available for working capital and general corporate purposes.
IBI Group entered into amended and restated credit facilities with its syndicate of lenders, including TD Bank, National Bank of Canada, HSBC Bank Canada and Bank of Montreal. The maturity date of the facilities was extended from Sept. 27, 2022, to Sept. 29, 2025.
Wishpond Technologies entered into a new credit facility pursuant to the terms of a credit agreement entered into between the company and National Bank of Canada’s technology and innovation banking group that provides for a $6 million secured revolving operating line.
AirBoss of America updated its senior secured credit facilities with an expanded syndicate of banks. TD Bank served as sole lead arranger for the facilities, which were updated to increase the revolving credit availability to $250 million, among other changes.