OFG to Acquire Scotiabank Operations in PR & Virgin Islands

OFG Bancorp and Scotiabank signed an agreement for OFG’s subsidiary, Oriental Bank, to acquire Scotiabank’s Puerto Rico operation and U.S. Virgin Island branch operation.

Scotiabank, NBC, Upsize eStruxture Facility to $170MM

eStruxture Data Centers has secured an expanded $170 million credit facility with a group of Canadian banks led by Scotiabank and National Bank of Canada.

Scotiabank, Others Lead Pinnacle Facility Upsize to $530MM

Pinnacle Renewable has expanded its credit facility to $530 million with a syndicate of lenders led by the Bank of Nova Scotia, Bank of Montreal, Royal Canadian Bank and CIBC.

Scotiabank Agents $1.05B Facility for Valvoline

Valvoline amended its credit agreement, closing a $1.05 billion facility with the Bank of Nova Scotia as administrative agent and Citibank as lead arranger.

Scotiabank, TD Arrange $320MM Revolver for StorageVault

Scotiabank and TD Securities acted as co-lead arrangers and joint bookrunners on a $320 million credit facility for StorageVault. The funding will be used to support the company’s acquisition of Real Storage.

Pan American Amends Credit Facility, Acquires Tahoe Resources

Pan American Silver increased its revolver by $200 million to $500 million. The facility was led by The Bank of Nova Scotia and the Canadian Imperial Bank of Commerce as joint lead arrangers and joint bookrunners.

Scotiabank, BMO Arrange $130MM Secured Financing for Ero Copper

Ero Copper refinanced all of its current U.S. dollar denominated senior secured debt via a new $130 million debt financing, comprised of an $80 million senior secured term facility and a $50 million senior secured revolver, with Scotiabank and Bank of Montreal.

Scotiabank Leads $47.7MM Upsize to Trican Revolver

The Bank of Nova Scotia acted as lead arranger, sole bookrunner and administrative agent on an amendment to Trican Well Service’s revolving credit facility, including an upsize from $227.3 million to $275 million.

Scotiabank Leads Phoenix Tower $485MM Term Loan

Phoenix Tower International, a wireless communications infrastructure provider, closed a $485 million senior secured term loan facility to continue its international expansion.

Scotiabank, Mizuho to Provide $665MM LoC to Ecopetrol

Ecopetrol plans to sign a contingent line of credit for $665 million with Scotiabank ($430 million) and Mizuho Bank ($235 million) as part of its integral debt management strategy.