Royal Bank of Canada Archives

Wilmington Trust Enters Credit Agreement with KLDiscovery

Wilmington Trust and certain lenders entered into a new secured credit agreement with KLDiscovery to provide revolving credit loans in an aggregate principal amount of $40 million.

February 9, 2021 Christopher Weiler | KLDiscovery | Royal Bank of Canada | Wilmington Trust Phil Neuffer

JPMorgan and Others Arrange $500MM ABL for NGL Energy Partners

JP Morgan Chase Bank served as issuing lender, joint lead arranger, joint bookrunner and the collateral and administrative agent on a $500 million asset-based revolving credit facility for NGL Energy Partners. The facility will be used to refinance existing debt.

Wells, BofA, PNC and RBC Arrange Amendment to SVC’s $1.4B Credit Agreement

Wells Fargo Securities, BofA Securities, PNC Capital Markets and RBC Capital Markets acted as joint lead arrangers and joint lead bookrunners on an amendment to Service Properties Trust’s $1.4 billion credit agreement.

RBC Extends and Amends Civeo’s Credit Agreement

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.

September 9, 2020 Bradley J. Dodson | Civeo | Royal Bank of Canada Phil Neuffer

Barclays-Led Syndicate Increases RadNet’s First Lien Credit Agreement by $57.5MM

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.

Bank of America Agents $630MM Credit Facilities Extension for Ritchie Bros.

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.

August 18, 2020 Bank of America | RBC Capital Markets | Ritchie Bros. Auctioneers | Royal Bank of Canada Phil Neuffer

BMO, RBC Revew $500MM Secured Facility for Home Trust

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.

July 1, 2020 Bank of Montreal | Home Capital Group | Home Trust Company | Royal Bank of Canada Phil Neuffer

Citigroup-Led Syndicate Amends Harsco’s Credit Facilities

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.

RBC Supplies $600K Facility to Augmented Reality Company

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.

June 25, 2020 Kashif Malik | NexTech AR Solutions | Royal Bank of Canada Phil Neuffer

RBC Expands Ackroo’s Revolving Line of Credit to $1.6MM

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.

April 8, 2020 Ackroo | BDC Capital | Export Development Canada | Royal Bank of Canada | Steve Levely Phil Neuffer

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