Lender Syndicate Amends Ritchie Bros.’ Credit Agreement to Support IAA Merger

Ritchie Bros. closed an amendment to its credit agreement with a syndicate of lenders to support the closing of its proposed merger with IAA. BofA Securities, RBC Capital Markets, Goldman Sachs and Wells Fargo Securities served as joint bookrunners for the agreement.

December 12, 2022 Bank of Montreal | BofA Securities | Canadian Imperial Bank of Commerce | Citizens Bank | Desjardins | Eric Jacobs | Export Development Canada | Goldman Sachs | HSBC Bank Canada | IAA | MUFG Bank | RBC Capital Markets | Ritchie Bros | Royal Bank of Canada | TD Bank and Westpac Banking Corporation | The Bank of Nova Scotia | Truist Bank | U.S. Bank | wells fargo | Wells Fargo Securities Ian Koplin

Orion Infrastructure Capital Provides $125MM Term Loan Facility to Alto Ingredients

Alto Ingredients, a producer and distributor of specialty alcohols and essential ingredients, entered into a $125 million senior secured term loan facility with certain funds managed by Orion Infrastructure Capital.

November 8, 2022 Alto Ingredients | Bryon McGregor | Ethan Shoemaker | Guggenheim Securities | Orion Infrastructure Capital | RBC Capital Markets Ian Koplin

RBC Capital Markets Advises Tolmar on Acquisition of JATENZO from Clarus Therapeutics

Tolmar Pharmaceuticals, a fully integrated pharmaceutical company, through its affiliate, Tolmar, acquired of all rights to JATENZO from Clarus Therapeutics Holdings and its wholly-owned subsidiary Clarus Therapeutics.

October 31, 2022 Anil D'Souza | Clarus Therapeutics | Faegre Drinker Biddle & Reath | RBC Capital Markets | Todd Smith | Tolmar Pharmaceuticals Ian Koplin

Aristotle Capital Management Acquires Pacific Asset Management from Pacific Life

Aristotle Capital Management and Pacific Life Insurance, a mutual life insurance company, jointly announced Aristotle’s planned acquisition of Pacific Life’s third-party credit asset management firm, Pacific Asset Management, whose clients include Pacific Funds.

October 27, 2022 Adrian Griggs | Aristotle Capital Management | Ballard Spahr | Dominic Nolan | Pacific Asset Management | RBC Capital Markets | Richard S. Hollander | Ropes & Gray | Stradley Ronon Stevens & Young | TJC Law Group Ian Koplin

Service Properties Trust Amends Credit Agreement with Syndicate of Lenders

Service Properties Trust (SVC) amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to July 2023.

October 5, 2022 BofA Securities | Brian Donley | PNC Capital Markets | RBC Capital Markets | Service Properties Trust | Wells Fargo Securities Ian Koplin

RBC Capital Markets Leads Syndicate Providing $200MM in Financing to Itafos

Itafos entered into credit facilities with a syndicate of lenders led by RBC Capital Markets, pursuant to which the lenders have advanced an $85 million term loan to the company and made available a $35 million letter of credit facility and an $80 million asset-based revolving credit facility.

September 23, 2022 CL Fertilizers Holding | G. David Delaney | Itafos | JPMorgan Chase Bank | Oaktree Capital Management | RBC Capital Markets Ian Koplin

RBC Capital Markets and CIBC Amend $808MM ESG-Linked Credit Facilities with Dollarama

Dollarama amended its existing syndicated credit facilities to convert them to a sustainability-linked loan with available credit of C$1.05 billion ($808 million). RBC Capital Markets and CIBC acted as co-sustainability structuring agents.

July 8, 2022 CIBC | Dollarama | J.P. Towner | Neil Rossy | RBC Capital Markets Ian Koplin

Scotiabank, HSBC and RBC Capital Markets Provide $1B Term Loan to Kinross Gold Corporation

Kinross Gold Corporation arranged a new $1 billion term loan. The Bank of Nova Scotia, HSBC Bank Canada and RBC Capital Markets were the joint lead arrangers of the facility. 

March 8, 2022 HSBC Bank Canada | Kinross Gold Corporation | RBC Capital Markets | The Bank of Nova Scotia Ian Koplin

Wells Fargo Amends Diversified Healthcare Trust’s Revolver

Diversified Healthcare Trust amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to January 2024. Wells Fargo is the administrative agent for the facility. 

February 25, 2022 Citigroup Global Markets | Diversified Healthcare Trust | PNC Capital Markets | RBC Capital Markets | Wells Fargo Securities Ian Koplin

CIFC Makes Contribution of More Than $225K to TEAK Fellowship

CIFC Asset Management partnered with the deal parties of its latest CLO, CIFC Funding 2022-II, to make a collective contribution of more than $225,000 to the TEAK Fellowship.

February 24, 2022 Allen & Overy | Appleby | BNY Mellon | Chris Heron | CIFC Asset Management | Dr. Denise Brown-Allen | Initiative for Change | Locke Lord | Mark Sanofsky | Milbank | RBC Capital Markets Ian Koplin