Scotiabank, NBF Downsize Cathedral Energy Facility
Cathedral Energy Services amended its credit facility with The Bank of Nova Scotia and National Bank of Canada. Export Development Canada has joined Cathedral’s banking syndicate.
Cathedral Energy Services amended its credit facility with The Bank of Nova Scotia and National Bank of Canada. Export Development Canada has joined Cathedral’s banking syndicate.
AlliancePharma entered into a new credit facility of approximately $14.5 million with National Bank of Canada.
Park Lawn closed a new financing arrangement with National Bank of Canada that more than doubles its borrowing capacity to $32.5 million.
Essential Energy Services has entered into a renewed credit facility agreement with a syndicate of lenders, including National Bank of Canada, TD Bank, HSBC Bank Canada and Canadian Western Bank. The facility was reduced to $40 million from $100 million.
Boralex closed the refinancing of its credit facility in the amount of C$360 million ($287.37 million) encompassing a C$300 revolver ($239.47 million) and a C$60 million ($47.89 million) letter of credit facility.
Enercare acquired SEHAC Holdings for $341 million and will finance a portion of the consideration with a committed term loan provided by TD Bank and National Bank of Canada.
IAMGOLD has signed definitive agreements with a banking syndicate to refinance its expiring unsecured revolving credit facility with a $250 million secured facility led and arranged by National Bank of Canada and Deutsche Bank.
Cathedral Energy Services has negotiated amendments to its credit facility with the Bank of Nova Scotia and National Bank of Canada, including a $15 million reduction.
Osisko Gold amended its revolving credit facility with National Bank of Canada and Bank of Montreal, increasing the amount from $72 million to $108 million.
Mediagrif Interactive amended its credit agreement to provide for borrowing capacity of $80 million with a lender group led by National Bank of Canada as lead arranger and administrative agent.