BMO, RBC Provide $75MM Credit Facility for Tucows
Tucows entered into a new, five-year secured credit agreement for up to $75 million, inclusive of a $15 million accordion facility, with Bank of Montreal and Royal Bank of Canada.
Tucows entered into a new, five-year secured credit agreement for up to $75 million, inclusive of a $15 million accordion facility, with Bank of Montreal and Royal Bank of Canada.
BroadStreet Partners added $195 million to its bank facility for a total $445 million. Royal Bank of Canada served as administrative agent and lead arranger for the transaction.
Anaconda Mining has entered into a line of credit agreement with the Royal Bank of Canada for a $1 million revolver as well as a $500,000 equipment lease line.
Bombardier Recreational Products, a subsidiary of BRP, refinanced its existing credit facilities. Royal Bank of Canada and BMO Capital Markets acted as joint lead arrangers.
Rex Energy reaffirmed its existing $190 million borrowing base under the company’s senior secured credit facility. The Royal Bank of Canada served as administrative agent for the lenders.
Dana Holding entered into a $500 million revolving credit and guaranty agreement with Citibank as administrative agent and collateral agent.
Talen Energy entered in a merger agreement with affiliates of Riverstone Holdings, a private investment firm. The transaction has a total enterprise value of $5.2 billion.
SandRidge Energy filed Chapter 11 to consummate a pre-arranged reorganization through a RSA entered into with holders of its funded debt obligations. Royal Bank of Canada will agent a $425 million revolver to support the RSA.
Nortek has successfully completed amendments to its asset-based revolving credit agreement, increasing it from $300 million to $325 million. Bank of America and Wells Fargo Capital Finance acted as joint lead arrangers.
Northern Oil and Gas closed a borrowing base redetermination and amended its revolving credit facility. The Royal Bank of Canada served as administrative agent.