Tornado Global Hydrovacs amended the company’s credit facility with The Toronto-Dominion Bank (TD Bank) to increase the revolving operating line of credit from $3 million to $6 million.
Creative Energy Developments, an owner and operator of district energy systems in North America, closed a $53 million credit facility, which includes the refinancing of $28 million of existing debt and a $22 million green loan facility and was led by HSBC Bank Canada and TD Bank.
IBI Group entered into amended and restated credit facilities with its syndicate of lenders, including TD Bank, National Bank of Canada, HSBC Bank Canada and Bank of Montreal. The maturity date of the facilities was extended from Sept. 27, 2022, to Sept. 29, 2025.
Tornado Global Hydrovacs entered into a $3 million revolving operating line of credit and a $4.8 million term loan with TD Bank.
Citibank acted as sole structuring agent for Atlas, which closed its $285 million senior secured financing on behalf of its wholly owned subsidiary, APR Energy.
Pengrowth Energy finalized the terms of amending its agreements with lenders under its syndicated bank facility. Royal Bank of Canada and RBC Capital Markets are serving as agent and lead arranger, respectively.
Mitel Networks announced a merger with Aastra Technologies. In conjunction, Mitel completed financing of a $405 million credit facility. Jefferies Finance LLC and The Toronto-Dominion Bank were joint lead arrangers and joint bookrunning managers.
BSM Technologies said it closed a $10 million credit facility with TD Bank, which includes a $7 million term facility to finance the acquisition of AutoVision and a $3 million revolver to support growth plans.
Reuters reported that CIT had preliminary talks over the past year and a half to sell itself to banks, including Toronto-Dominion Bank and Wells Fargo, but nothing came of the conversations.