The Bank of Nova Scotia Archives

BMO Provides $75MM Revolving Credit Facility Increase to Ero Copper

Ero Copper amended its existing senior secured revolving credit facility to increase the aggregate commitments from $75 million to $150 million and extend the maturity from March 2025 to December 2026.

December 19, 2022 Bank of Montreal | Canadian Imperial Bank of Commerce | Ero Copper | The Bank of Nova Scotia | Wayne Drier Ian Koplin

BNP Paribas, Scotiabank and Société Générale Amend Fortuna Credit Facility to $250MM

Fortuna Silver Mines amended its existing senior secured revolving credit facility with BNP Paribas, The Bank of Nova Scotia, Société Générale and other financial institutions and lenders, to increase the maximum facility amount by $50 million to $250 million.

December 15, 2022 BNP Paribas | Fortuna Silver Mines | Societe Generale | The Bank of Nova Scotia Ian Koplin

Lender Syndicate Amends Ritchie Bros.’ Credit Agreement to Support IAA Merger

Ritchie Bros. closed an amendment to its credit agreement with a syndicate of lenders to support the closing of its proposed merger with IAA. BofA Securities, RBC Capital Markets, Goldman Sachs and Wells Fargo Securities served as joint bookrunners for the agreement.

The Bank of Nova Scotia and BMO Provide $120MM Debt Refinancing Package to SilverCrest Metals

SilverCrest Metals refinanced its $120 million secured project financing facility, of which only $90 million was drawn, with a new $120 million senior secured credit facility through a syndicate of lenders comprised of The Bank of Nova Scotia and Bank of Montreal.

November 30, 2022 Bank of Montreal | SilverCrest Metals | The Bank of Nova Scotia Ian Koplin

Six Lenders Increase and Extend CBRE’s Credit Agreement to $3.5B

CBRE Group entered into a new five-year revolving credit agreement that increases its revolving credit facility to $3.5 billion from $3.15 billion.

Canadian Imperial Bank of Commerce Expands Capstone Copper’s Revolver to $500MM

Capstone Copper closed the amendment and extension of its corporate revolving credit facility from $225 million to $500 million plus a $100 million accordion and extended the facility by four years. The Canadian Imperial Bank of Commerce is the administrative agent for the facility.

Bank of America Leads $490MM Facility Upsize for FLEETCOR Technologies

FLEETCOR Technologies amended its pro-rata credit facility, increasing the overall facility size from $4.01 billion to $4.5 billion and extending the maturity to a new five-year term ending in June 2027. Bank of America is the administrative agent.

Scotiabank, HSBC and RBC Capital Markets Provide $1B Term Loan to Kinross Gold Corporation

Kinross Gold Corporation arranged a new $1 billion term loan. The Bank of Nova Scotia, HSBC Bank Canada and RBC Capital Markets were the joint lead arrangers of the facility.

March 8, 2022 HSBC Bank Canada | Kinross Gold Corporation | RBC Capital Markets | The Bank of Nova Scotia Ian Koplin

Scotiabank Amends Credit Facility for ABC Technologies

ABC Technologies entered into a fifth amended and restated credit agreement with a syndicate of lenders, including The Bank of Nova Scotia (Scotiabank) as administrative agent, amending and restating a fourth amended and restated credit agreement as amended.

February 28, 2022 ABC Technologies Holdings | The Bank of Nova Scotia Ian Koplin

BofA Leads Lender Group Providing $1B Sustainability-Linked Credit Facility to Tetra Tech

Tetra Tech, a provider of consulting and engineering services in water, environment and sustainable infrastructure, established a $1 billion sustainability-linked credit facility. Bank of America led the lender group for the facility with joint lead arrangers Wells Fargo Bank, U.S. Bank and Bank of Montreal.

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