On June 30, 2017, IBI Group completed a syndicated revolving credit facility in the amount of $130 million.
IBI is a globally integrated architecture, planning, engineering and technology firm that has its headquarters in Toronto.
The firm is listed on the TSX under the symbol “IBG.”
The syndicate group included six lenders. The Toronto-Dominion Bank acted as Sole Lead Arranger and Sole Bookrunner for the credit facilities.
Subsequently, on July 14, 2017, IBI completed a separate bid bond credit facility in the amount of $30 million with The Toronto-Dominion Bank.
The IBI deal team was led by Steven Kresak, General Counsel and Corporate Secretary and Alex Liszka, Senior Legal Counsel.
Cassels Brock & Blackwell LLP advised IBI in respect of the credit facilities. The Cassels Brock team comprised Chuck Rich and Daniel Cipollone (financial services).
Bennett Jones LLP advised IBI in respect of certain corporate matters. The Bennett Jones team comprised Ted Shoub, Benjamin Burford and Kelsey Park (corporate).