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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
National Bank of Canada Provides $12MM Revolving Credit Facility to Saltire Capital
Friday, November 22, 2024
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Lenders/Participants
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National Bank of Canada [Lender]
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Structure
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Revolving Credit Facility
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Amount
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$12.000
Million
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Borrower(s)
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Saltire Capital Ltd.
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Description
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The Credit Facility provides Saltire with borrowing capacity of up to US$12 million (with an additional US$3 million accordion feature), which will provide Saltire with further flexibility as it continues to pursue its growth strategy. In particular, the Credit Facility is expected to support Saltire's ability to capitalize on acquisition opportunities as they arise, and also for general corporate and working capital purposes, while maintaining a prudent approach to leverage. Selected highlights regarding the Credit Facility include: NBC will provide Saltire with up to US$12 million of credit (the "Credit Limit"); provided no default has occurred and is continuing under the Credit Agreement, Saltire may request an increase to the Credit Limit in an amount up to US$3 million; the Credit Facility is available on a revolving basis and may be drawn in CAD and/or USD; and the Credit Facility will mature on the third anniversary of the Credit Agreement.
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Industry
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Investment Financing
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National Bank of Canada
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ABL Advisor
Deal Tables
2024
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