PNC Canada Closes $28MM Million Financing For DCM Group
PNC Bank Canada Branch completed a C$38 million ($28 million) financing package for DCM Group, a leading provider of construction, maintenance, fabrication and shutdown services for industrial projects...
View ArticleEDC Provides New $9MM Term Loan to Hydrogenics
Hydrogenics, a manufacturer of hydrogen generation and hydrogen-based power modules, has entered into a credit agreement with Export Development Canada (EDC) for a five-year, $9 million term loan....
View ArticleMacquarie Leads GardaWorld $125MM Facility
Garda World Security amended its credit agreement with the participation of Macquarie Capital Funding. The incremental agreement, financed by some of GardaWorld’s current lenders, provides a term...
View ArticleBofA, Citigroup, Goldman Sachs, RBC Lead Genesys Cross Border Loan
Reuters reported that pricing is out on Genesys’ $2.1 billion cross-border loan. Bank of America Merrill Lynch, Citigroup, Goldman Sachs and Royal Bank of Canada are leading the financing. Reuters...
View ArticleScorpio Tankers Gets $34MM Refi Commitment from HSH Nord Bank
In November 2016, Scorpio Tankers received a commitment from HSH Nordbank for a loan facility of up to $34 million. The loan facility is expected to be used to refinance the existing indebtedness on...
View ArticleJPMorgan Agents $2.65B Facility for Telesat Canada
Telesat Canada, a subsidiary of Telesat Holdings, closed a new amended and restated credit agreement consisting of a term loan of $2.43 billion and a revolving credit facility of up to $200 million....
View ArticleHSBC, JPMorgan Provide $1.75B Financing for Leviathan Project
HSBC and JPMorgan provided a commitment letter to Delek Drilling Partnership and Avner Oil Exploration for limited recourse project financing of the partnerships’ share in the development of the...
View ArticleSPE Finance Provides $8MM Loan to Second Cup
Second Cup entered into a four-year, $8 million secured term loan with SPE Finance, an affiliate of Serruya Private Equity. Proceeds from the term loan will be used to repay the company’s existing $6...
View ArticleCitigroup Leads $750MM Facility for Virgin Media
Virgin Media launched a new minimum $750 million senior secured term loan due January 31, 2025. Proceeds of the loan will be used to refinance the existing £100 million ($126 million) term loan D due...
View ArticleUnicredit, EBRD Extend Centerra Gold’s Öksüt Facility
UniCredit Bank and the European Bank for Reconstruction and Development extended Öksüt Madencilik’s $150 million credit facility from November 30, 2016 to June 30, 2017 to satisfy various conditions...
View ArticleBNP Paribas Upsizes Scorpio Tankers Facility
BNP Paribas upsized Scorpio Tankers’ credit facility by $27.6 million. The $27.6 million increase of the bilateral financing will bear interest at LIBOR plus a margin of 2.30% per annum, has a final...
View ArticleWSJ: UniCredit to Raise $14B, Shed Bad Loans, Cut Jobs
The Wall Street Journal reported that Rome-based UniCredit is planning to cut thousands more jobs and sell shares and bad loans as part of an overhaul aimed at bolstering its capital base. The Journal...
View ArticleTD Bank, EDC Provide Revolver for Microbix
Microbix Biosystems has arranged a new secured revolving credit facility jointly with TD Bank and Export Development Canada (EDC). The new credit facility will be used for general corporate purposes,...
View ArticleNatWest Provides $62.8MM Canadian Solar Refi
Canadian Solar secured £49.3 million ($62.8 million) non-recourse term loan facilities to refinance a portfolio of 10 solar power plants, with total capacity of 50 megawatts in the UK. National...
View ArticleTD Securities Leads Extension of $1.5B Shaw Facility
Shaw Communications extended the maturity date of its five-year $1.5 billion credit facility with its syndicate of 10 financial institutions, including TD Securities as lead arranger and sole...
View ArticleRBS, Wells Fargo, Others Provide $364MM Faroe Facilities
Independent oil company Faroe Petroleum signed two banking facilities that will provide financing to underpin the company’s growth plans. BNP Paribas, BMO Capital Markets, Commonwealth Bank of...
View ArticleSocieté Generalé, BNP Paribas Downsize Roxgold Facility
Roxgold completed the lenders’ completion test and made an early repayment of $15 million under its $75 million credit facility and amended the facility with BNP Paribas and Societé Generalé to reduce...
View ArticleBofA Agents $385MM Teledyne Facility
Teledyne entered into a second amendment to its credit agreement dated March 1, 2013, under which up to $385 million of the aggregate amount was made available by the lenders to fund the cash...
View ArticleWFCF Leads New Financing for Maplin
Wells Fargo Capital Finance UK acted as agent and lead arranger for an asset-based credit facility for UK-based technology retailer Maplin. Maplin will use the credit facility to invest in online...
View ArticleATB Provides $35MM Facility to Mosaic Capital
Mosaic Capital executed a new credit agreement with ATB Corporate Financial Services that provides for a $35 million credit facility. It replaces Mosaic’s $25 million facility with ATB that has been in...
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