Morgan Stanley Leads Gateway Casinos Refinancing
Gateway Casinos & Entertainment completed the refinancing of its existing credit facility with a syndicate of investment banks led by Morgan Stanley Senior Funding.
Gateway Casinos & Entertainment completed the refinancing of its existing credit facility with a syndicate of investment banks led by Morgan Stanley Senior Funding.
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.
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.
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.
Sandstorm Gold amended its revolving credit agreement, allowing the company to borrow up to $150 million for general corporate purposes. The Bank of Nova Scotia, among others, led the amendment.
Yangarra Resources increased its syndicated senior credit facility to $120 million with a group of banks led by Alberta Treasury Branches. The group also includes Canadian Imperial Bank of Commerce and National Bank of Canada.
Whitecap Resources entered into an agreement to purchase light oil assets in Southeast Saskatchewan for $940 million. National Bank of Canada served as administrative agent for an increase of the company’s facility to $1.7 billion to support the purchase.
Osisko Gold Royalties amended its revolving credit facility, increasing the amount from $150 million to $350 million, with an additional uncommitted accordion of up to $100 million.
Innergex Renewable Energy increased its revolving credit facility to $475 million from $425 million. TD Securities and BMO Capital Markets were lead arrangers.
Alamos Gold increased the size of its credit facility from $150 million to $400 million. Scotiabank, BMO Capital Markets and TD Securities led the transaction.