Essential Energy Services amended and restated its revolving secured credit facility agreement with a syndicate of lenders, including National Bank of Canada, ATB Financial and Canadian Western Bank.
Bank of Montreal Agents BRP Facility Upsize to $1.3B
May 24, 2018
BRP refinanced its existing credit facilities, increasing the term loan to $900 million and the revolving credit facility to C$575 million ($446.8 million). Bank of Montreal was administrative agent.
NBC Leads $80MM Revolver for Cobalt 27
May 18, 2018
Cobalt 27 Capital entered into an $80 million revolving term credit facility led by National Bank of Canada and a syndicate of financial institutions, including Bank of Montreal and The Bank of Nova Scotia.
NBC Supports Stingray Acquisition of Newfoundland
May 4, 2018
Stingray Digital Group entered the radio market with the purchase of Newfoundland Capital, a Canadian radio broadcaster, in a transaction valued at $506 million. National Bank of Canada led a new $450 million credit facility to support the transaction.
CIBC, NBC Lead Just Energy Refi
April 19, 2018
Just Energy Group renegotiated an agreement with a syndicate of lenders to increase its credit facility to $352.5 million. Canadian Imperial Bank of Commerce and National Bank of Canada were joint lead arrangers.
National Bank of Canada Extends Boralex Revolver
March 30, 2018
Boralex extended the maturity of its C$460 million ($357 million) revolving credit facility to April 27, 2022. National Bank of Canada acted as lead arranger and administrative agent on the amendment.
Morgan Stanley Leads Gateway Casinos Refinancing
March 14, 2018
Gateway Casinos & Entertainment completed the refinancing of its existing credit facility with a syndicate of investment banks led by Morgan Stanley Senior Funding.
ScotiaBank Agents $175MM Revolver for Tahoe
February 21, 2018
Tahoe Resources amended its credit agreement, giving the company access to a $175 million revolving credit facility plus a $25 million accordion feature. The Bank of Nova Scotia served as administrative agent.
Bank of Nova Scotia, NBC Lead Centerra Gold $500MM Revolver
February 2, 2018
Mining company Centerra Gold entered into a $500 million four-year senior secured revolving credit facility with a syndicate of eight financial institutions as lenders, led by The Bank of Nova Scotia and National Bank of Canada.
Nine Banks Accused of Rigging Canadian Rate Benchmark
January 16, 2018
Reuters reported that nine banks, including Royal Bank of Canada, Bank of Montreal and the National Bank of Canada, are being sued in the U.S. for conspiring to rig a Canadian rate benchmark.
