Royal Bank of Canada Archives

RBC Leads $425MM Senior Secured Revolving Credit Facility with Prime Healthcare Services

Prime Healthcare Services closed a $425 million senior secured revolving credit facility with Royal Bank of Canada (RBC) as lead arranger, bookrunner and sole administrative. Due to strong lender support, the credit facility is expected to be upsized to $450 million in early September.

CACEIS and RBC Complete Acquisition of RBC Investor Services’ Operations in Europe and Malaysia

CACEIS, subsidiary of the Crédit Agricole group and Santander, and Royal Bank of Canada (RBC) completed the sale by RBC and purchase by CACEIS of the European asset servicing activities of RBC Investor Services and its associated Malaysian center of excellence.

July 5, 2023 CACEIS | Francis Jackson | Jean-Pierre Michalowski | Royal Bank of Canada Ian Koplin

BMO and RBC Provide $275MM ABL Credit Facility to Andrew Peller Limited

Andrew Peller entered into a $275 million asset-backed lending credit facility led by Bank of Montreal as administrative agent and co-lead arranger alongside Royal Bank of Canada as co-lead arranger.

June 15, 2023 Andrew Peller Limited | Bank of Montreal | John Peller | Royal Bank of Canada Ian Koplin

Syndicate of Lenders Support Ironwood Pharmaceuticals’ Acquisition of VectivBio

Ironwood Pharmaceuticals entered into a definitive agreement to acquire VectivBio for an estimated aggregate consideration of approximately $1 billion. Citibank, Citizens Bank, JPMorgan Chase, Royal Bank of Canada and Wells Fargo provided financing for the transaction.

RBC, TD Bank and Export Development Canada Provide $97.5MM Credit Facility to FirstLight Power

FirstLight Power, a clean power producer, developer and energy storage company serving North America, completed the expansion of its corporate credit facility led by Royal Bank of Canada, TD Bank and Export Development Canada, the latter of which joined the facility with this expansion.

May 12, 2023 Chris Hurley | Export Development Canada | FirstLight Power | Royal Bank of Canada | TD Bank Ian Koplin

Royal Bank of Canada Closes $125MM Warehouse Facility with Lendbuzz

Lendbuzz closed a $125 million credit facility with Royal Bank of Canada. The additional warehouse capacity will support continued loan origination growth.

May 12, 2023 George Sclavos | Lendbuzz | Royal Bank of Canada Ian Koplin

JPMorgan Chase Leads $500MM Revolving Credit Facility for Quinn Residences

Quinn Residences, an owner of communities of single-family homes for rent in the Southeast, closed a $500 million revolving credit facility led by JPMorgan Chase.

Goeasy Exercises Accordion Option on Revolver with BMO-Led Syndicate

Non-prime consumer lender goeasy exercised the accordion feature of its revolving credit facility, increasing the facility to $370 million. A banking syndicate including BMO continues to underwrite the facility.

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.

HSBC Agrees to Sell Banking Business in Canada to Royal Bank of Canada for $10.1B

HSBC Holdings’ wholly-owned subsidiary, HSBC Overseas Holdings (UK) Limited, entered into an agreement to sell its banking business in Canada (HSBC Canada) to Royal Bank of Canada (RBC) for a base cash consideration of C$13.5 billion ($10.1 billion).

November 29, 2022 HSBC | HSBC Canada | Noel Quinn | Royal Bank of Canada Ian Koplin

Tag Archives: Royal Bank of Canada