National Bank of Canada leads a syndicate of eight lenders in a strategic $1.675 billion refinancing of credit facilities for a leading Canandian mortgage finance company

On December 10, 2024, a leading Canadian independent mortgage finance company (the "Company") completed a strategic refinancing of its existing credit facilities with a syndicate of eight lenders led by National Bank of Canada. The transaction increased total committed credit from C$1.475 billion to C$1.675 billion and incorporated significant amendments to the Company's financing and security arrangements.

Fasken acted as lead counsel to National Bank of Canada with a team led by Thomas Meagher and included Nathan Gates.