Asset-based Lending

Royal Bank of Canada in its $225 million asset-based revolving credit facility to Northern Crane Group

Royal Bank of Canada and RBC Capital Markets, LLC
Team
Gregory Wylie

Partner, Tax, Toronto

Danna Donald

Partner, Project Finance, Toronto

 

On August 25, 2014, Northern Crane Group announced the closing a $225 million asset-based revolving credit facility provided by a syndicate of lenders led by Royal Bank of Canada and the issuance of secured notes led by RBC Capital Markets, LLC, as initial purchaser.

Osler represented Royal Bank of Canada and RBC Capital Markets, LLC with a team consisting of Kevin Morley (Financial Services), Danna Donald (Commercial), Kevin Whittam (Financial Services), and Gregory Wylie (Taxation).

Value
$225 million
Date Closed
August 25, 2014
Lead Office
Toronto
Team
Gregory Wylie

Partner, Tax, Toronto

Danna Donald

Partner, Project Finance, Toronto