Bank of Montreal and the Royal Bank of Canada renewed a $500 million committed standby secured funding facility for Home Trust Company, a subsidiary of Home Capital Group.
A syndicate of banks led by Citigroup Global Markets amended Harsco’s existing senior secured credit facilities. The required levels of the existing total net leverage ratio covenant will be increased through Dec. 31, 2021.
The Royal Bank of Canada provided a $600,000 lending facility to NexTech AR Solutions, an augmented reality company focused on ecommerce, AR learning applications and AR-enhanced virtual events.
Royal Bank of Canada, in cooperation with Export Development Canada, increased Ackroo’s current revolving line of credit from $350,000 to a maximum of $1.6 million. In addition, BDC Capital provided an additional $1 million of working capital to the company.
As part of a syndicate of 14 banks, Citigroup served as a joint lead bookrunner and joint lead arranger for a new $280 term loan facility for Harsco Corporation.
Truist served as administrative agent on an increase from $705 million to $740 million for the revolving credit facility of Main Street Capital, according to a related 8K filed with the SEC.
Lite Access Technologies has closed an expanded credit facility with the Royal Bank of Canada, in cooperation with Export Development Canada (EDC).
Private equity group Clayton, Dubilier & Rice had made an offer to acquire healthcare communications business Huntsworth for £400 million ($511 million).
Hercules Capital has replaced its existing $200 million credit facility with MUFG Union Bank with a new $400 million credit facility.