Scotiabank, TD Support StorageVault Acquisition of Real Storage

Toronto-based StorageVault has completed the acquisition of the Real Storage portfolio. The Bank of Nova Scotia and TD Securities led a $320 million term loan to support the transaction.

TD Survey: Credit Knowledge Gap Still Exists Among Millennials

Though 82% of millennials believe society will eventually become cashless, TD Bank’s Consumer Spending Index revealed that they’re lacking when it comes to building and maintaining healthy credit habits.

Wells Fargo Agents New $250MM ABL Revolver for Masonite

Masonite International entered into a new amended and restated $250 million asset-based revolving credit facility. Wells Fargo acted as administrative agent on the transaction.

NBC Leads $75MM Upsize to Park Lawn Revolver

National Bank of Canada led a banking syndicate on a $75 million upsize to Park Lawn’s financing arrangement, increasing the borrowing capacity from $150 million to $225 million.

JPMorgan Chase Leads $600MM Revolver for New York Power Authority

JPMorgan Chase led the bank syndicate on a $600 million revolving credit facility for the New York Power Authority. The revolver will support issuance of commercial paper notes and established energy-efficiency programs.

HSBC Agents $20MM Downsize on Western Energy Revolver

HSBC Bank Canada served as administrative agent, lead arranger and sole bookrunner on amendments which reduced the commitment on Western Energy’s syndicated revolving first lien credit facility from $70 million to $50 million.

TD Bank Agents $60MM Upsize to Timbercreek Revolver

TD Bank acted as administration agent on a $60 million increase to Timbercreek Financial’s existing revolving credit facilities, bringing the total borrowing base to $500 million.

ABL Lenders Face Challenges, But Expect Strong Economy to Keep Them Afloat

Every year, ABL lenders face new challenges. Last year, people were nervous about the impact of prospective tax cuts. This year, the effect of tariffs has both borrowers and lenders shaking their heads. ABL lenders are facing increasing competition as 2019 prepares to roll in. Lisa Miller catches up with five top ABL executives who look back at 2018 and anticipate a strong year ahead.

Wells Fargo Upsizes Realty Income Facility to $3.25BB

Realty Income has closed on an amended $3.25 billion credit facility. Wells Fargo served as administrative agent for the transaction.

NBC Agents $200 Facility for Cobalt 27

Cobalt 27 Capital amended and upsized its revolving term credit facility, increasing the amount from $180 million to $200 million. National Bank of Canada served as administrative agent on the facility.