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National Bank of Canada Leads Lenders in Dundee’s $300MM Facility

September 29, 2014, 07:19 AM
Filed Under: Specialty Industries

Dundee Corporation announced that it has secured a $300 million, three-year revolving term credit facility with a syndicate of Canadian Schedule I Chartered Banks, led by National Bank of Canada as lead arranger and administrative agent.

"Securing this $300 million three-year revolving term credit facility will provide Dundee with added flexibility to diligently manage its financial resources," said David Goodman, President and CEO.

The new facility, which will replace Dundee's current credit facility, is subject to completion of final documentation and is expected to close in mid October 2014.

Dundee is a public Canadian independent holding company listed on the Toronto Stock Exchange under the symbol "DC.A". Through its operating subsidiaries, Dundee is engaged in diverse business activities in the areas of its core competencies including investment advisory and corporate finance, energy, resources, agriculture, real estate and infrastructure. Dundee also holds, directly and indirectly, a portfolio of investments mostly in these core focus areas, as well as other select investments in both publicly listed and private companies.

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