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Home > Chapters > Canada > News Detail
  • Monroe Capital Supports Growth of a360inc and ProVest, LLC
    March 11, 2025
    Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth of a360inc (“a360”) and ProVest, LLC (“ProVest”, together, the “Company”) by funds sponsored by Morgan Stanley Investment Management, Knox Capital, and Nonantum Capital Partners.
  • Silver Point Leads Financing of Acquisition of Brightcove Inc. by Bending Spoons
    March 11, 2025
    Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has led the financing supporting the previously announced acquisition of Brightcove Inc., a U.S.-based streaming technology company, by Bending Spoons, the Italy-based technology company.
  • Mitel Takes Action to Optimize Capital Structure, Positioning the Business for Efficient Growth and Long-term Sustainability
    March 11, 2025
    Mitel Networks Corporation, (“Mitel” or “the Company”), a global leader in business communications, today announced it has entered into an agreement with an ad hoc group of its senior lenders (the “Ad Hoc Group”), certain junior lenders, and other key stakeholders to recapitalize its debt in a manner that best positions the Company to optimize its global operations and drive profitable and predictable growth.
  • Blackstone Announces SEC Effectiveness for Private Multi-Asset Credit and Income Fund (BMACX)
    March 11, 2025
    Blackstone (NYSE: BX) announced today that the Blackstone Private Multi-Asset Credit and Income Fund (BMACX) has been declared effective by the U.S. Securities and Exchange Commission.
  • Electrovaya Closes $50.8 Million Direct Loan with Export-Import Bank of the United States (“EXIM”) to Expand U.S. Battery Manufacturing
    March 10, 2025
    Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has closed a direct loan in the amount of US$50.8 million from the Export-Import Bank of the United States ("EXIM") under the bank's ‘Make More in America' initiative. The Company has also met substantially all of EXIM's condition precedents required to begin drawdowns on the loan.
  • Bain Capital Credit Provides Senior Credit Facility to Support Recapitalization of Trive Capital Portfolio Company AEVEX Aerospace
    March 10, 2025
    Bain Capital Credit today announced that, as sole lead arranger and administrative agent, it led a $160 million senior secured unitranche credit facility to support Trive Capital’s recapitalization of AEVEX Aerospace, a leading provider of full-spectrum airborne intelligence solutions for the global intelligence community.
  • Dykema Doubles Houston Office Headcount With the Addition of Seven Attorneys
    March 10, 2025
    Dykema, a leading national law firm, announced the addition of seven attorneys to the firm’s Houston office, doubling the office’s lawyer headcount. This expansion strengthens the firm’s capabilities in key practice areas, including energy, bankruptcy and restructuring, mergers and acquisitions, business taxation and planning, corporate and finance, labor and employment, and business immigration.
  • $8 Million ABL Line Builds Foundation for Acquisition, Growth
    March 10, 2025
    An established Arizona contractor provides commercial and residential glass as well as commercial wood and metal doors. Clients include large hotels, hospitals, office buildings and retail locations as well as residential clients requiring specialty applications in custom glass, mirrors and shower surrounds.
  • Assembled Brands Provides Growth Line of Credit to wildwonder
    March 10, 2025
    Assembled Brands Capital, a leading asset-based lender for high-growth consumer brands, has closed a new growth line of credit with wildwonder, a standout brand in the rapidly expanding probiotic beverage market. The secured facility will provide the working capital necessary to scale production, optimize inventory management, and meet the growing consumer demand.
  • Sallyport Commercial Finance Provides Oilfield Services Company With a $500,000 Factoring Facility
    March 10, 2025
    Sallyport Commercial Finance is pleased to announce the successful funding of a $500,000 accounts receivables facility for a growing oilfield services business.
  • Hudson’s Bay Company ULC, the Operator of Hudson’s Bay Stores and TheBay.com, Initiates Restructuring Proceedings Under CCAA in Response to Canadian Retail Industry Challenges
    March 10, 2025
    Hudson’s Bay Company ULC (Hudson’s Bay or the company), the Canadian entity that comprises the retailer Hudson’s Bay and TheBay.com, today announced that it has commenced proceedings under the Companies’ Creditors Arrangement Act (CCAA) pursuant to an initial order for creditor protection from the Ontario Superior Court of Justice (Commercial List) (the Court). Pursuant to the Initial Order, the Court has appointed Alvarez & Marsal Canada Inc. as the monitor to oversee the CCAA proceedings.
  • CIT Commercial Services Provides $45 Million Credit Facility to Logistics Provider
    March 10, 2025
    First Citizens Bank today announced that its CIT Commercial Services subsidiary provided a $45 million non-recourse factoring facility to a sponsor-owned, technology-driven logistics services company in the Mountain States region.
  • CIBC Innovation Banking Provides Growth Capital Financing to SpryPoint
    March 10, 2025
    CIBC Innovation Banking announced today that it has provided a growth-focused credit facility to SpryPoint Services Inc., a leading provider of software for public utilities. SpryPoint helps utilities transform customer service and operations across a cloud-native platform. SpryPoint's approach to the meter-to-cash lifecycle helps utilities go beyond routine tasks – becoming true partners in the modernization journey to create lasting impact and greater value for their clients.
  • Collins Joins CohnReznick as Florida State and Local Government Advisory Lead
    March 10, 2025
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Meghan Collins has joined CohnReznick's Government and Public Sector Advisory practice to lead its Florida state and local government initiatives.
  • Flatbay Capital Secures a $2MM CRE Line for Real Estate Developer
    March 10, 2025
    Flatbay Capital secured a $2MM CRE line for a seasoned entrepreneur and national commercial real estate developer. for working capital needs.
  • Mauricio Cuellar Joins Barclay Damon
    March 10, 2025
    Barclay Damon announces Mauricio Cuellar, counsel, has joined Barclay Damon’s Real Estate and Financial Institutions & Lending Practice Areas. His primary office is Rochester.
  • InterNex Capital Announces $9 Million Facility to Leading Weather-Readiness Service Company
    March 10, 2025
    A leading weather-readiness service company, focused on enterprise level fulfillment centers, needed an innovative lender who could provide seasonal flexibility and accommodate investment grade customer concentrations. InterNex Capital provided a comprehensive $9 million revolving line of credit that provided seasonal flexibility to meet demand surge during inclement weather.
  • Accuride Successfully Emerges from Restructuring Process and Announces Leadership Transition
    March 10, 2025
    Accuride Corporation ("Accuride" or the "Company") today announced the successful completion of the Company's restructuring process and emergence from Chapter 11. Accuride's restructuring process equitizes over $400 million of funded debt and restructures ~$170 million of additional obligations.
  • Walker & Dunlop Announces Pricing of Amended Senior Secured Credit Agreement
    March 10, 2025
    Walker & Dunlop, Inc. (the “Company”) announced today that it priced its previously announced amended and restated senior secured credit agreement. The $450 million term loan facility under the amended and restated credit agreement will initially bear interest at a rate equal to SOFR plus 2.00%.
  • Wolters Kluwer Appoints Lisa Nelson as CEO of Financial & Corporate Compliance
    March 10, 2025
    Wolters Kluwer, a global leader in information solutions, software, and services for professionals, has named Lisa Nelson as Chief Executive Officer of its Financial & Corporate Compliance (FCC) division, effective March 31.
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  • Monroe Capital Supports Growth of a360inc and ProVest, LLC
    March 11, 2025
    Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the growth of a360inc (“a360”) and ProVest, LLC (“ProVest”, together, the “Company”) by funds sponsored by Morgan Stanley Investment Management, Knox Capital, and Nonantum Capital Partners.
  • Silver Point Leads Financing of Acquisition of Brightcove Inc. by Bending Spoons
    March 11, 2025
    Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has led the financing supporting the previously announced acquisition of Brightcove Inc., a U.S.-based streaming technology company, by Bending Spoons, the Italy-based technology company.
  • Mitel Takes Action to Optimize Capital Structure, Positioning the Business for Efficient Growth and Long-term Sustainability
    March 11, 2025
    Mitel Networks Corporation, (“Mitel” or “the Company”), a global leader in business communications, today announced it has entered into an agreement with an ad hoc group of its senior lenders (the “Ad Hoc Group”), certain junior lenders, and other key stakeholders to recapitalize its debt in a manner that best positions the Company to optimize its global operations and drive profitable and predictable growth.
  • Blackstone Announces SEC Effectiveness for Private Multi-Asset Credit and Income Fund (BMACX)
    March 11, 2025
    Blackstone (NYSE: BX) announced today that the Blackstone Private Multi-Asset Credit and Income Fund (BMACX) has been declared effective by the U.S. Securities and Exchange Commission.
  • Electrovaya Closes $50.8 Million Direct Loan with Export-Import Bank of the United States (“EXIM”) to Expand U.S. Battery Manufacturing
    March 10, 2025
    Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has closed a direct loan in the amount of US$50.8 million from the Export-Import Bank of the United States ("EXIM") under the bank's ‘Make More in America' initiative. The Company has also met substantially all of EXIM's condition precedents required to begin drawdowns on the loan.
  • Bain Capital Credit Provides Senior Credit Facility to Support Recapitalization of Trive Capital Portfolio Company AEVEX Aerospace
    March 10, 2025
    Bain Capital Credit today announced that, as sole lead arranger and administrative agent, it led a $160 million senior secured unitranche credit facility to support Trive Capital’s recapitalization of AEVEX Aerospace, a leading provider of full-spectrum airborne intelligence solutions for the global intelligence community.
  • Dykema Doubles Houston Office Headcount With the Addition of Seven Attorneys
    March 10, 2025
    Dykema, a leading national law firm, announced the addition of seven attorneys to the firm’s Houston office, doubling the office’s lawyer headcount. This expansion strengthens the firm’s capabilities in key practice areas, including energy, bankruptcy and restructuring, mergers and acquisitions, business taxation and planning, corporate and finance, labor and employment, and business immigration.
  • $8 Million ABL Line Builds Foundation for Acquisition, Growth
    March 10, 2025
    An established Arizona contractor provides commercial and residential glass as well as commercial wood and metal doors. Clients include large hotels, hospitals, office buildings and retail locations as well as residential clients requiring specialty applications in custom glass, mirrors and shower surrounds.
  • Assembled Brands Provides Growth Line of Credit to wildwonder
    March 10, 2025
    Assembled Brands Capital, a leading asset-based lender for high-growth consumer brands, has closed a new growth line of credit with wildwonder, a standout brand in the rapidly expanding probiotic beverage market. The secured facility will provide the working capital necessary to scale production, optimize inventory management, and meet the growing consumer demand.
  • Sallyport Commercial Finance Provides Oilfield Services Company With a $500,000 Factoring Facility
    March 10, 2025
    Sallyport Commercial Finance is pleased to announce the successful funding of a $500,000 accounts receivables facility for a growing oilfield services business.
  • Hudson’s Bay Company ULC, the Operator of Hudson’s Bay Stores and TheBay.com, Initiates Restructuring Proceedings Under CCAA in Response to Canadian Retail Industry Challenges
    March 10, 2025
    Hudson’s Bay Company ULC (Hudson’s Bay or the company), the Canadian entity that comprises the retailer Hudson’s Bay and TheBay.com, today announced that it has commenced proceedings under the Companies’ Creditors Arrangement Act (CCAA) pursuant to an initial order for creditor protection from the Ontario Superior Court of Justice (Commercial List) (the Court). Pursuant to the Initial Order, the Court has appointed Alvarez & Marsal Canada Inc. as the monitor to oversee the CCAA proceedings.
  • CIT Commercial Services Provides $45 Million Credit Facility to Logistics Provider
    March 10, 2025
    First Citizens Bank today announced that its CIT Commercial Services subsidiary provided a $45 million non-recourse factoring facility to a sponsor-owned, technology-driven logistics services company in the Mountain States region.
  • CIBC Innovation Banking Provides Growth Capital Financing to SpryPoint
    March 10, 2025
    CIBC Innovation Banking announced today that it has provided a growth-focused credit facility to SpryPoint Services Inc., a leading provider of software for public utilities. SpryPoint helps utilities transform customer service and operations across a cloud-native platform. SpryPoint's approach to the meter-to-cash lifecycle helps utilities go beyond routine tasks – becoming true partners in the modernization journey to create lasting impact and greater value for their clients.
  • Collins Joins CohnReznick as Florida State and Local Government Advisory Lead
    March 10, 2025
    CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Meghan Collins has joined CohnReznick's Government and Public Sector Advisory practice to lead its Florida state and local government initiatives.
  • Flatbay Capital Secures a $2MM CRE Line for Real Estate Developer
    March 10, 2025
    Flatbay Capital secured a $2MM CRE line for a seasoned entrepreneur and national commercial real estate developer. for working capital needs.
  • Mauricio Cuellar Joins Barclay Damon
    March 10, 2025
    Barclay Damon announces Mauricio Cuellar, counsel, has joined Barclay Damon’s Real Estate and Financial Institutions & Lending Practice Areas. His primary office is Rochester.
  • InterNex Capital Announces $9 Million Facility to Leading Weather-Readiness Service Company
    March 10, 2025
    A leading weather-readiness service company, focused on enterprise level fulfillment centers, needed an innovative lender who could provide seasonal flexibility and accommodate investment grade customer concentrations. InterNex Capital provided a comprehensive $9 million revolving line of credit that provided seasonal flexibility to meet demand surge during inclement weather.
  • Accuride Successfully Emerges from Restructuring Process and Announces Leadership Transition
    March 10, 2025
    Accuride Corporation ("Accuride" or the "Company") today announced the successful completion of the Company's restructuring process and emergence from Chapter 11. Accuride's restructuring process equitizes over $400 million of funded debt and restructures ~$170 million of additional obligations.
  • Walker & Dunlop Announces Pricing of Amended Senior Secured Credit Agreement
    March 10, 2025
    Walker & Dunlop, Inc. (the “Company”) announced today that it priced its previously announced amended and restated senior secured credit agreement. The $450 million term loan facility under the amended and restated credit agreement will initially bear interest at a rate equal to SOFR plus 2.00%.
  • Wolters Kluwer Appoints Lisa Nelson as CEO of Financial & Corporate Compliance
    March 10, 2025
    Wolters Kluwer, a global leader in information solutions, software, and services for professionals, has named Lisa Nelson as Chief Executive Officer of its Financial & Corporate Compliance (FCC) division, effective March 31.
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