According to an 8K filed with the SEC, the Royal Bank of Canada served as administrative agent for an amendment and extension to Civeo’s credit agreement, including its term loan and all three revolving credit facilities.
RadNet increased the amount of revolving commitments under its senior secured first lien credit agreement by $57.5 million. Barclays Bank, Truist Bank, JPMorgan Chase Bank, Capital One and Royal Bank of Canada increased their commitments pursuant to this amendment.
Ritchie Bros. Auctioneers closed an amendment and extension of its credit agreement totaling $630 million with a syndicate of lenders led by Bank of America as administrative agent.
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).