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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Brookfield Capital Provides $190MM Facility to North American Palladium
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Lenders/Participants
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Brookfield Capital Partners [Lender]
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Structure
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$60MM Revolver Extension & $130MM Term Loan
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Amount
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$190.000
Million
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Borrower(s)
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North American Palladium
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Description
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The company extended its US$60 million revolving operating line of credit by an additional year to July 4, 2014. The credit facility is secured by first priority security on the company's accounts receivables and inventories and second priority security on all other assets. The company also closed a US$130 million term loan financing with Brookfield which bears interest at 15% per annum and is due June 7, 2017. The loan is secured by first priority security on the fixed assets and second priority security on accounts receivable and inventory. NAP has the option to accrue interest during the first two years of the loan; in which case, the interest rate on the loan and accrued interest would increase by 4%. The loan contains covenants typical of this type of facility including senior debt to EBITDA ratios, minimum tangible net worth requirements and capital expenditure limits.
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Industry
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Specialty Industries
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ABL Advisor
Deal Tables
2025
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