The Bank of Nova Scotia is serving as administrative agent for an amendment to a first lien secured revolving credit facility for Trevali Mining, which also entered into an up to $20 million second lien secured facility agreement with Glencore Canada.
TD Bank appointed Jyotsana Jagadish head of commercial operating products and payment innovation, a new role focused on developing and executing a strategy that positions TD as a partner of choice for commercial fintechs.
More than half (58%) of small business owners reported that they expect their revenue to decrease in 2020, even though 47% said they did not have to close for any amount of time during the COVID-19 pandemic, according to data from TD Bank.
TD Bank named Jeff Fazio head of small business specialists, a new role created to lead a specialist team of approximately 100 employees that focuses on small businesses with revenues of $1 million and under.
According to an 8K filed with the SEC, JPMorgan Chase served as administrative agent on the refinancing of Office Depot’s existing asset-based credit facility, which now consists of a $1.2 billion revolving credit facility and a $100 million first-in, last-out facility.
AirBoss of America has formed AirBoss Defense Group through the merger of its AirBoss Defense business and other operations in Acton Vale, QC with Critical Solutions International.
Timbercreek Financial amended its existing revolving credit facilities to extend the term of the facility for an additional year to December 18, 2021.
Bruker has closed a new five-year revolving credit facility with expanded capacity to borrow up to $600 million, and a new seven-year term loan in the aggregate principal amount of $300 million, together with cross-currency and interest rate swap arrangements.
TD Bank has added J. Mansisidor, Stephanie Arcelay and Jim Webster to its Residential Lending team to deliver specialized mortgage products to medical and dental professionals.