FirstService has completed its acquisition of approximately 95% of Global Restoration Holdings for a purchase price of approximately $505 million. TD Bank led a $890 million facility to support the transaction.
National Bank Financial led a banking syndicate on an upsized $300 million revolving credit agreement for North American Construction Group.
Toro Oil & Gas closed a non-core asset divestiture and terminated its credit facility with National Bank as part of an overall initiative to reduce company expenses.
Element Financial closed a new $585 million senior revolving credit facility to fund the company’s planned origination activity into 2014. Bank of Montreal acted as administrative agent.