Scotiabank, CIBC Upsize Thinking Capital Facility to $125MM
Scotiabank and Canadian Imperial Bank of Commerce increased Thinking Capital’s credit facility to $125 million, bolstering their partnership with the fintech lender.
Scotiabank and Canadian Imperial Bank of Commerce increased Thinking Capital’s credit facility to $125 million, bolstering their partnership with the fintech lender.
First Majestic Silver entered into an agreement with The Bank of Nova Scotia and Investec Bank for a senior secured credit facility consisting of a $25 million revolving credit line and a $35 million term loan.
CRH Medical said it entered into an agreement with Scotiabank for a $33 million senior secured revolver that will replace existing debt and assist in the financing of future acquisitions.
Phoenix Tower International closed on a $45 million five-year credit facility with Scotiabank for its subsidiary, Phoenix Tower Dominicana.
Claude Resources secured a $25 million credit facility with Scotiabank to replace it’s $19.9 million term loan managed by Crown Capital Partners.
Gran Tierra Energy secured a credit facility of up to $500 million from a syndicate led by Scotiabank, as admin agent, and Scotiabank and Societe Generale as joint lead arrangers and joint bookrunners.
Boyd Group announced it increased its existing revolver to $150 million with an accordion feature to maximum of $250 million. The deal was arranged by TD Bank with Bank of America, National Bank of Canada and Scotiabank participating.
Cascades said it entered into an agreement with its banking syndicate, led by National Bank of Canada and Scotiabank as co-lead arrangers, to extend and amend certain condition of its existing $750 million revolver.
Cathedral Energy Services negotiated certain amendments to its credit facility with The Bank of Nova Scotia and National Bank of Canada.
Superior Plus’ wholly owned subsidiaries extended its $570 million syndicated credit facility, with Scotiabank Global Banking and Markets and TD Securities as co-lead arrangers, with a group of eight lenders.