Waterous Energy Fund closed the amalgamation of Strathcona Resources and Osum Oil Sands. Concurrent with the amalgamation, Strathcona Resources secured a new covenant-based C$1 billion ($830 million) credit facility, with TD Securities serving as administrative agent.
JPMorgan and Others Expand Dominion Energy’s Credit Facilities, Introduce Sustainability-Linked Pricing
Dominion Energy completed the syndication of sustainability-linked credit facilities totaling $6.9 billion, including a $6 billion master credit facility for which JPMorgan Chase Bank, Mizuho Bank, BofA Securities, The Bank of Nova Scotia and Wells Fargo Securities acted as joint lead arrangers.
Truist Securities served as left lead arranger, Fifth Third Bank acted as joint lead arranger, Union Bank acted as syndication agent and Regions Bank acted as documentation agent on a $400 million revolving credit facility with a $150 million accordion for Anthem Entertainment.
A syndicate of lenders led by Scotiabank provided a new credit facility to Horizon North Logistics. The credit facility includes an extended maturity date to Dec. 31, 2022 and an increase in credit availability from $150 million to $175 million.
AVI Global Trust has extended its JPY4. billion ($38 million) revolving credit facility with Scotiabank Europe, effective immediately.
Mexico’s Profluent Plastic Technologies closed a three-part syndicated loan for MXN1.14 billion ($61.1 million) from five lenders, led by the sole bookrunner BBVA.
Anglo Pacific Group has agreed to a $30 million increase to its revolving credit facility and extended the term by 12 months to September 2022.
Alamos Gold amended its existing undrawn revolving credit facility, including an increase from $400 million to $500 million on more favorable terms.
Maple Leaf Foods has become the first company in Canada to secure sustainability-linked terms for its credit facilities. BMO Capital Makets acted as sustainability structuring agent.