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