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News Stories (40 Results) - Canada

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... Read Story
June 18, 2020, 09:20 AM

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... Read Story
April 11, 2019, 09:12 AM

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... Read Story
August 25, 2017, 07:10 AM

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... Read Story
January 05, 2017, 07:30 AM

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... Read Story
July 15, 2016, 07:23 AM

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... Read Story
May 27, 2016, 07:30 AM

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... Read Story
May 17, 2016, 08:01 AM

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)... Read Story
March 30, 2016, 07:52 AM

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... Read Story
February 19, 2016, 07:53 AM

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... Read Story
December 22, 2015, 07:13 AM

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... Read Story
November 19, 2015, 07:59 AM

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... Read Story
October 08, 2015, 07:22 AM

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... Read Story
August 11, 2015, 07:45 AM

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... Read Story
July 08, 2015, 07:53 AM

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... Read Story
June 30, 2015, 07:43 AM

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... Read Story
April 28, 2015, 07:22 AM

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... Read Story
April 06, 2015, 07:19 AM

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... Read Story
November 06, 2014, 07:51 AM

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... Read Story
September 02, 2014, 07:13 AM

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... Read Story
July 29, 2014, 07:42 AM

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... Read Story
June 30, 2014, 07:33 AM

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... Read Story
March 26, 2014, 07:44 AM

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... Read Story
February 20, 2014, 07:09 AM

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... Read Story
February 04, 2014, 07:14 AM

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... Read Story
October 17, 2013, 07:19 AM

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... Read Story
October 14, 2013, 07:41 AM

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... Read Story
September 04, 2013, 07:26 AM

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... Read Story
August 15, 2013, 07:14 AM

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... Read Story
August 12, 2013, 07:42 AM

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... Read Story
July 22, 2013, 07:26 AM

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... Read Story
June 14, 2013, 07:19 AM

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... Read Story
April 04, 2013, 07:46 AM

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... Read Story
February 27, 2013, 07:12 AM

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... Read Story
December 21, 2012, 08:08 AM

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... Read Story
November 09, 2012, 07:36 AM

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... Read Story
October 31, 2012, 07:00 AM

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... Read Story
October 25, 2012, 07:00 AM

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... Read Story
October 23, 2012, 06:06 AM

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... Read Story
September 25, 2012, 08:00 AM

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... Read Story
September 06, 2012, 08:00 AM