B. Riley Farber, a wholly owned subsidiary of B. Riley Financial announced the addition of Ryan Adlington as Senior Managing Director, based in Calgary, Alberta.Adlington is an experienced restructuring and turnaround expert with more than 20 years...
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April 23, 2024, 07:54 AM
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Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is launching a new division and introducing additional financing solutions customized for Canada’s...
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April 23, 2024, 07:20 AM
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Northleaf Capital Partners served as the lead arranger of a US$100 million asset-backed second lien credit facility to Cutting Edge Group (“CEG”), an established investor in and manager of niche media music rights. Headquartered in London, CEG’s...
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April 15, 2024, 07:55 AM
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Jefferies Financial Group and SMBC Group have expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market. SMBC Group comprises Sumitomo Mitsui...
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April 05, 2024, 08:00 AM
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Royal Bank of Canada announced it has completed the acquisition of HSBC Bank Canada."Today marks one of the most exciting times of our 155-year history and a pivotal milestone in our long-term growth story as we welcome 4,500 employees and 780,000...
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March 29, 2024, 08:00 AM
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Float, one of Canada’s fastest growing fintechs, kicked off 2024 with an aggressive expansion plan and the backing of a C$50 million credit facility in partnership with Silicon Valley Bank (SVB), a division of First Citizens Bank. Under the terms of...
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February 14, 2024, 07:35 AM
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Barclays has appointed Ryan Voegeli as Head of Investment Banking for Canada. Voegeli will be based in Toronto.Voegeli has twenty years of investment banking experience, and joins Barclays from CIBC Capital Markets where he was Head of Global...
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January 04, 2024, 07:59 AM
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Alvarez & Marsal announced the integration of LQ Consulting and Management with A&M’s INFRA practice in Canada and appointed Pierre Légaré as Managing Director and Leader of INFRA Canada along with Senior Directors Arshya Qureshi and Gordon Lung....
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January 04, 2024, 07:40 AM
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TD Bank Group announced changes to its Senior Executive Team, that reflect the strength of the Bank's leadership bench.Ray Chun becomes Group Head, Canadian Personal Banking, effective immediately. Most recently, Chun served as Group Head, Wealth...
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December 11, 2023, 07:57 AM
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Eclipse Business Capital (“EBC”) provided a $40 million senior secured ABL credit facility to a Canadian media company.The credit facility is secured by accounts receivable and inventory. The transaction will refinance the Company’s existing...
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December 04, 2023, 07:50 AM
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Third Eye Capital (TEC) appointed David Steele as President and Chief Operating Officer, effective August 15, 2023.Previously, Steele served as the Canadian President and CEO of Russell Investments, a leading global investment firm, where he...
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July 31, 2023, 07:37 AM
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Ninepoint Partners has expanded its partnership with Monroe Capital.Monroe will be enhancing its institutional offerings in the Canadian market through the expanded partnership with Ninepoint Institutional Partners LP, a division of Ninepoint...
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June 21, 2023, 07:57 AM
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New data suggests a pattern of credit expansion and a significant shift in credit usage, indicating potential challenges for businesses according to the Equifax Canada Market Pulse Business Credit Trends Report for Q1 2023. Additionally, it...
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June 20, 2023, 07:45 AM
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Accord Financial Corp. is now offering Canadian companies a fast and convenient way to obtain accounts receivables financing through the new AccordExpress Factoring Portal. The AccordExpress Factoring Portal offers financing between $500,000 and...
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May 01, 2023, 07:00 AM
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B. Riley Financial announced that it has acquired the corporate division of Farber Group (‘Farber”), a Toronto-based restructuring and business advisory firm.Farber provides corporate restructuring and related advisory services, M&A corporate finance...
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February 22, 2023, 07:43 AM
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Alvarez & Marsal (A&M) announced the expansion of its Global Transaction Advisory Group (TAG) offerings into Canada along with the appointment of Toronto-based Scott Foster as a Managing Director and Practice Leader. The introduction of Global TAG’s...
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January 30, 2023, 07:26 AM
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VIQ Solutions, a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, entered into a senior secured loan with Beedie Investments Ltd. (the "Lender"), pursuant to which the Lender will make...
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January 17, 2023, 07:55 AM
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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 US$50 million to...
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December 16, 2022, 07:23 AM
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Accord Financial Corp. expanded its Canadian Asset Based Finance/Factoring team to include Julien Lacoste as Manager, Business Development. Lacoste's responsibilities will include helping Canadian businesses achieve their long-term business goals by...
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December 09, 2022, 07:28 AM
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HSBC Holdings plc announced its wholly owned subsidiary, HSBC Overseas Holdings (UK) Limited, has entered into an agreement to sell its banking business in Canada (HSBC Canada) to Royal Bank of Canada (RBC), subject to regulatory and governmental...
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November 29, 2022, 08:07 AM
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FTI Consulting announced the launch of the firm’s Corporate Finance & Restructuring segment in Québec with the appointment of restructuring expert Martin Franco as a Senior Managing Director in Montréal. The addition of the Corporate Finance &...
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November 22, 2022, 07:50 AM
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TAB Bank provided a beverage company based in British Columbia, Canada with a $5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. In...
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October 26, 2022, 07:00 AM
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BMO Commercial Bank announced two executive appointments in support of its strategic priorities in Quebec.René Douville has been appointed Special Advisor, BMO Commercial Bank, Canada. Mr. Douville's appointment follows seven years as Head of...
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October 25, 2022, 07:17 AM
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Accord Financial Corp. expanded their Canadian Asset Based Finance/Factoring senior management team to include Karim Habib as Managing Director, Business Development Ontario and Western Canada. His responsibilities will include expanding Accord's...
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October 12, 2022, 07:50 AM
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REV Capital announced a new Commercial Finance Division along with the appointment of Mark Dubs as President – Eastern Division.Mark Dubs is an industry veteran with more than 20 years of experience building highly profitable and diversified...
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July 07, 2022, 07:50 AM
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Entourage Health, a Canadian producer and distributor of cannabis products, amended its existing senior secured credit facility entered into on March 29, 2019 between the Company and Bank of Montreal, and its existing second secured credit facility...
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July 05, 2022, 07:21 AM
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Cozen O’Connor welcomed veteran litigator Steven J. Weisz, one of Canada’s best known and highly regarded restructuring and insolvency attorneys, to its North American Bankruptcy, Insolvency & Restructuring group. Weisz, who joins the firm’s Toronto...
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June 15, 2022, 07:22 AM
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Blackstone announced that it is establishing a Blackstone Real Estate office in Toronto and the appointment of Janice Lin as head of its Real Estate business in Canada. Ms. Lin’s leadership experience and deep knowledge of the Canadian market will...
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May 09, 2022, 07:45 AM
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Gordon Brothers, the global advisory, restructuring and investment firm, has received $300 million in financing from Canada Pension Plan Investment Board (CPP Investments) through its subsidiary CPPIB Credit Investments Inc., increasing the firm’s...
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April 22, 2022, 08:00 AM
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CIBC Innovation Banking announced that it is opening a new office in Seattle, Washington to help support the growth ambitions of the hundreds of existing and emerging start ups in the area.Leading the expansion effort in Seattle is John Flemming, who...
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April 21, 2022, 07:46 AM
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QuadFi, a mission driven global fintech firm headquartered in Canada, entered into an agreement for a new financing facility of up to US$100 million (CAD $127M) with Crayhill Capital Management, a New York-based minority-owned private credit manager....
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April 21, 2022, 07:00 AM
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QuadReal Property Group (“QuadReal”) closed its $2.5 billion senior unsecured bank credit facility with sustainability-linked performance targets (“SLL Facility”). The company amended and extended BCI QuadReal Realty’s (“BQR”) existing credit...
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April 04, 2022, 07:30 AM
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Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Norwood Sawmills by private equity sponsor, GreyLion.Based in Ontario, Canada, Norwood is a leading provider...
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March 11, 2022, 07:50 AM
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Great Rock Capital announced Jonathan Katz has joined the firm as Managing Director of Originations. Katz will be based in Toronto and is responsible for the continued expansion of the firm’s origination efforts across Canada.“We are excited to...
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March 01, 2022, 07:46 AM
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eCapital Commercial Finance’s Asset Based Lending division, announced the issuance of a $6 million CAD asset-based line to a Canada-based building materials and flooring company servicing both retail and wholesale clients. The company selected...
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February 16, 2022, 07:32 AM
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Blue Owl Capital, a leading alternative asset manager, will bring its institutional quality middle-market lending capabilities to Canadian accredited investors. The initiative positions Blue Owl as one of the first U.S.-based private credit managers...
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January 07, 2022, 08:07 AM
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MAG Silver Corp. signed a binding commitment letter with the Bank of Montreal (“BMO”) for a fully underwritten US$40 million revolving credit facility. Closing of the Facility is expected to occur by mid-December 2021 and is subject to the...
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November 15, 2021, 07:47 AM
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After almost 35 years with the Bank, Teri Currie, Group Head, Canadian Personal Banking, has informed TD of her intention to retire at the end of January 2022. Upon her retirement, she will be appointed to TD's U.S. Board of Directors, effective...
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October 28, 2021, 08:07 AM
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SAF Group announced the addition of Michael Scott to its team and closing of the second investment within the AGF SAF Private Credit Limited Partnership (the "Fund").Mr. Scott is a Principal of the SAF Group and is responsible for deal origination...
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October 25, 2021, 07:00 AM
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Mullen Group Ltd. entered into a new credit agreement with Canadian Imperial Bank of Commerce ("CIBC"). The CIBC Credit Facility is a $100.0 million revolving demand credit facility to finance the Corporation's general operating requirements...
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October 01, 2021, 07:07 AM
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HSBC Bank Canada announced the launch of five new sustainable finance tools for commercial and global banking clients. Available to Canadian businesses of all sizes, Green Deposits, Green Trade Finance, Green Revolving Credit Facilities...
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September 28, 2021, 07:54 AM
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RF Capital Group secured a $200 million revolving credit facility with a syndicate of lenders. The initial authorized principal of the facility is $125 million. The Facility also includes an accordion provision that will enable the Company to request...
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September 13, 2021, 07:50 AM
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Kane Biotech entered into an amended and restated credit agreement with Pivot Financial dated August 31, 2021.The Amended Credit Facility amends and restates the existing credit agreement with Pivot dated November 5, 2020, increasing the credit...
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September 03, 2021, 07:11 AM
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VetCare Canada raised up to $175 million through a senior secured credit facility arranged by Northleaf Capital Partners (“Northleaf”). Northleaf acted as the sole lead arranger.This debt financing will support VetCare’s continued expansion across...
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September 01, 2021, 07:40 AM
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Quisitive Technology Solutions, a Microsoft Cloud Services and Payment Solutions Provider, has paid out and retired its existing credit facility with a Canadian Schedule 1 Chartered Bank (the “Bank”) and has entered into a new credit facility with a...
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August 30, 2021, 07:08 AM
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As previously announced on April 5, 2021 and May 14, 2021, Lendified Holdings (formerly, Hampton Bay Capital Inc.) announced that the Company's wholly-owned subsidiary, incorporated as a special purpose vehicle for the purpose of funding new loans...
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August 18, 2021, 07:00 AM
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Gerber Finance, an eCapital portfolio company and leading finance partner for companies experiencing accelerated growth, announced the appointment of Karim Habib as Managing Director, Business Lending – Canada. The expansion marks Gerber’s first...
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July 16, 2021, 08:10 AM
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FGI Worldwide hired Ronnie Bloom as the newest Managing Director. Based in Toronto, Mr. Bloom will be responsible for growing and nurturing FGI’s strategic partnerships within numerus Canadian markets by embracing a committed, boots to the ground...
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July 15, 2021, 08:00 AM
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Second Avenue Capital Partners closed on a US$10,000,000 senior secured credit facility to Northern Reflections Limited, one of Canada’s largest privately-held apparel retailers of women’s apparel. The credit facility will be used to refinance...
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April 06, 2021, 08:00 AM
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Canopy Growth Corporation entered into a credit agreement with Funds advised by King Street Capital Management, L.P. Under the Credit Agreement, the Company has raised a US$750 million senior secured term loan. The Company also has the ability to...
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March 18, 2021, 07:15 AM
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The Toronto-Dominion Bank (TD) and Wells Fargo & Company announced a definitive agreement, subject to certain closing conditions, for TD to acquire Wells Fargo's Canadian Direct Equipment Finance business.The acquisition of Wells Fargo's Canadian...
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January 15, 2021, 08:17 AM
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Rabobank has appointed two of its top executives, Tamira Treffers-Herrera and Robert Sinescu, to become Co-Heads of North American Client Coverage, positioning the Bank for future growth in the region.Treffers-Herrera has also assumed the role of...
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December 18, 2020, 08:15 AM
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Canadian mall owners are well-positioned to acquire key retail tenants in their portfolios in the months ahead, said Bradley W. Snyder, a Tiger Group Executive Managing Director, during a retail-focused webinar hosted by Insolvency Insider.Mall...
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November 24, 2020, 07:30 AM
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Canadian banks took massive provisions in 2Q20, and earnings plummeted 50.1% year-over-year given rapid deterioration in banks' economic outlooks due to the coronavirus pandemic, disrupting 2020 operating plans, according to a new report from Fitch...
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June 18, 2020, 09:20 AM
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Ninepoint Partners (Ninepoint), one of Canada’s alternatives asset managers, is pleased to announce the launch of the Ninepoint Monroe U.S. Private Debt Fund (The Fund). Ninepoint has engaged the Chicago-based private credit asset management firm...
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April 11, 2019, 09:12 AM
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Cronos Group Inc. announced that it has entered into a commitment letter for $40 million in debt financing with Romspen Investment Corporation to fund the continued construction of its 315,000 sq. ft. expansion, the “New Peace Facility."Under the...
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August 25, 2017, 07:10 AM
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Bibby Financial Services Canada (BFS) announced a combined $4.25 million line of financing to two Canadian manufacturing companies. The funds will allow the companies to generate more working capital for their day-to-day business needs and improve...
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January 05, 2017, 07:30 AM
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Leading global professional services firm Alvarez & Marsal (A&M) has expanded its restructuring practice with the addition of Michael Stewart who joins as a Managing Director in Toronto, Canada. Stewart brings nearly 20 years of experience in...
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July 15, 2016, 07:23 AM
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Sprott Asset Management announced that Ramesh Kashyap has joined the firm as senior vice president of Sprott’s Alternative Income Group. Kashyap will enhance Sprott’s due diligence and oversight capabilities and help maintain the firm’s commitment to...
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May 27, 2016, 07:30 AM
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Liquid Capital Corp., a Canadian-founded trade finance and asset-based lending company, announced that it has entered into a purchase and sale agreement where it has acquired the assets and associated goodwill of TCE Capital Corporation, a boutique...
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May 17, 2016, 08:01 AM
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GE has reached an agreement to sell GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank, a wholly owned subsidiary of Western Alliance Bancorporation. The sale includes approximately $1.4 billion in ending net investment (ENI)...
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March 30, 2016, 07:52 AM
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Rifco National Auto Finance Corporation, subsidiary of Rifco Inc. has extended its $100 million bank line of credit from the Wells Fargo lead banking syndicate.The facility will now be a three-year committed facility with a maturity date of Feb 17...
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February 19, 2016, 07:53 AM
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Cervus Equipment Corp. has entered into an amended and extended revolving credit facility with its existing syndicate of underwriters led by The Toronto-Dominion Bank and including Canadian Imperial Bank of Commerce and Wells Fargo. The principal...
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December 22, 2015, 07:13 AM
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Tembec announced it has entered into a new asset-based secured revolving credit facility which consists of a $150 million revolving credit facility with Wells Fargo Capital Finance Corporation Canada, as administrative agent, and PNC Financial Bank...
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November 19, 2015, 07:59 AM
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Supremex Inc., Canada's largest manufacturer and marketer of a broad range of stock and custom envelopes and growing provider of packaging and specialty products, entered into a five-year committed $50 million senior secured revolving facility...
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October 08, 2015, 07:22 AM
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Siena Lending Group LLC (“Siena”) announced the completion of a $4 million CAD revolving loan facility for East Fraser Fiber Co. Ltd. and Parallel Wood Products (“East Fraser”). The facility will be used to refinance East Fraser’s existing lender and...
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August 11, 2015, 07:45 AM
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Hilco Global announced today that John Sharpe has joined Hilco Industrial as Co-Managing Director – Canada. In this role, Sharpe will be jointly responsible for oversight and continued growth and expansion of the industrial valuation and...
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July 08, 2015, 07:53 AM
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To support its expanding asset-based lending capabilities, Bibby Financial Services Canada hires Adam Flomen as Vice President of Business Development, Asset-Based Lending. Flomen joins an impressive team of professionals who provide working capital...
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June 30, 2015, 07:43 AM
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On Deck Capital announced it has expanded its small business lending services in Canada. Since 2007, OnDeck has delivered over $2 billion (USD) to American small businesses in more than 700 industries and has been lending in Canada since 2014. As...
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April 28, 2015, 07:22 AM
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King Trade Capital announced the continuing expansion of its cross-border purchase order and trade finance offering in Canada, with a $2 million purchase order finance facility for an importer of personal care accessories and a $3 million trade...
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April 06, 2015, 07:19 AM
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Salus Capital Partners, LLC, announced it has provided an $82 million senior secured credit facility to Comark Inc. The financing will be used to refinance Comark’s existing lenders and to provide the company with working and growth capital.Founded...
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November 06, 2014, 07:51 AM
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GE Capital’s Commercial Distribution Finance (CDF) business sees positive trends in the Canadian motorsports and recreational vehicle (RV) industries through the first half of the year, while the marine industry is experiencing a slight slowdown...
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September 02, 2014, 07:13 AM
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easyhome Ltd., the Canadian leader in providing goods and financial services to the cash and credit constrained consumer, has entered into a new $200 million credit facility, replacing the company’s current debt facilities and providing $115 million...
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July 29, 2014, 07:42 AM
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Bibby Financial Services announced that it has funded a $1.5 million factoring facility for an Ontario-based packaging manufacturer. The company has been in operation since 1956 and makes and distributes a variety of custom box solutions for a...
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June 30, 2014, 07:33 AM
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Accord Financial, Inc., a provider of distinctive senior debt solutions to companies in transition, announced Terry M. Keating has been named Executive Vice President. Keating will be responsible for leading growth and expansion initiatives for the U...
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March 26, 2014, 07:44 AM
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Commercial borrowing by small and medium-sized businesses in Canada jumped in the final quarter of last year to hit a record high. The PayNet Canadian Business Lending Index (CBLI), which measures the volume of new commercial loans and leases to...
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February 20, 2014, 07:09 AM
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GE Capital's Canadian Franchise Finance business announced it has provided senior debt to Bayview Hospitality Group Inc., a hotel management and development company headquartered in Toronto, that will be used to refinance existing debt and allow...
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February 04, 2014, 07:14 AM
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Toronto-based Bridging Finance Inc. announced the launch of Bridging Credit Fund LP (the "Fund"). The Fund will give Canadian investors access to a highly specialized asset class with a focus on aiming to deliver predictable yield over the long...
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October 17, 2013, 07:19 AM
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Accord Financial Corp. announced that it has acquired a portfolio of factoring and asset-based loans from Brome Capital through its subsidiary, Accord Financial Inc. (AFI). After taking into account the acquisition, Accord's portfolio of loans...
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October 14, 2013, 07:41 AM
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Village Farms International, Inc. announced today ithas entered into a new CAD $10.0 million asset based lending operating facility with Bank of Montreal. The facility is for a three-year term and is subject to certain positive and negative covenants...
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September 04, 2013, 07:26 AM
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Lignol Energy Corporation ("LEC" or the "Company"), a leading technology company in the advanced biofuels and renewable chemicals sector, announced that further to its announcement of February 27, 2013, the Company has replaced its secured credit...
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August 15, 2013, 07:14 AM
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The Kraus Group of Companies announced it has secured a $50 million funding line with Wells Fargo Capital Finance, which comes on the back of a strong first half performance that has shown carpet sales up 2%, and a return to profitability during...
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August 12, 2013, 07:42 AM
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SMART Technologies Inc., a leading provider of collaboration solutions, announced today that its wholly-owned subsidiary, SMART Technologies ULC, has priced a new four-and-a-half-year senior secured term loan in an aggregate principal amount of $125...
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July 22, 2013, 07:26 AM
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GE Capital, Canada announced it served as administrative agent on a $66 million senior secured credit facility for Van-Rob Inc. Van-Rob, a leading global Tier One automotive parts manufacturer, will use the proceeds to refinance an existing term loan...
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June 14, 2013, 07:19 AM
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Wells Fargo Capital Finance Corporation Canada has acted as administrative agent and sole lender to a $60 million senior secured credit facility for SAIL Outdoors, Inc. which will use the financing for working capital and general corporate...
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April 04, 2013, 07:46 AM
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Salus Capital Partners announced it has provided a C$21 million senior secured credit facility to Fletcher Leisure Group Inc. The company is one of Canada’s largest sporting goods wholesale and distribution companies. The credit facility will be used...
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February 27, 2013, 07:12 AM
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Wells Fargo Capital Finance announced that Pierre-Yves Morisset has joined the organization as a business development officer to lead its efforts in Western Canada. He will be based in Vancouver, British Columbia. Morisset’s efforts will be focused...
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December 21, 2012, 08:08 AM
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The sentiment of Canadian chief financial officers (CFOs) of middle-market companies on the state of their own industry and the strength of the national economy remained steady and positive in the third quarter, according to the latest GE Capital Mid...
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November 09, 2012, 07:36 AM
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Crystal Financial LLC, an independent commercial finance company, announced it has provided a C$40 million loan facility—in the form of senior secured debt—to Red Ash Capital LP, a company associated with Hilco UK Limited to facilitate the...
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October 31, 2012, 07:00 AM
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Chris Wolf has joined BMO Harris Bank as director in the Asset Based Lending Group. Based in Indianapolis, Wolf is responsible for originating asset based loans to middle market companies throughout the United States and Canada."With his business...
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October 25, 2012, 07:00 AM
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Derrick Johnson has joined BMO Harris Bank as vice president of Business Development for the Asset Based Lending Group. Based in Minneapolis, Johnson is responsible for originating asset based loans to middle market companies throughout the United...
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October 23, 2012, 06:06 AM
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PNC announced the appointment of Ryan Tizzard, vice president of business development for the Western Canadian prairie region. Based in Calgary, Tizzard provides lending support to mid-market clients in the provinces of Alberta and Saskatchewan and...
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September 25, 2012, 08:00 AM
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GE Capital, Corporate Finance announced it is administrative agent on a $75 million asset-based credit facility for Acme Lift Company,a wholesale rental company for aerial work platform equipment. The loan will be used to refinance existing debt and...
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September 06, 2012, 08:00 AM
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