The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
TD Bank Leads Syndicate to Increase Cervus Revolver
Friday, December 19, 2014
Lenders/Participants
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TD Bank [Lead Lender] Canadian Imperial Bank of Commerce [Lender] Wells Fargo Bank [Lender]
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Structure
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Revolver Increase
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Amount
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$100.000
Million
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Borrower(s)
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Cervus Equipment
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Description
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The principal amount available was increased from $60 million under the old facility to $100 million under this new facility. The facility is committed for a two-year term and contains an $80 million accordion, which Cervus may request as an increase to the total available facility. The principal purpose of this facility is to finance Cervus’ general corporate operating requirements while maintaining strategic flexibility, including funding of capital expenditures. As of the date hereof, approximately $48 million has been drawn down on this facility.
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Industry
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Dealer Finance
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Related Tags |
Canadian Imperial Bank of Commerce, TD Bank, Wells Fargo
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ABL Advisor
Deal Tables
2024
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