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IBI Group Completes $130 Million Revolving Credit Facility and $30 Million Bid Bond Credit Facility

Published: 07/14/2017

Team: Charles (Chuck) Rich, Daniel P. Cipollone

On June 30 2017, IBI Group, a globally integrated architecture, planning, engineering and technology firm, completed a syndicated revolving credit facility in the amount of $130 million. 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.

Cassels Brock represented IBI with a team that included Chuck Rich and Daniel Cipollone (Financial Services).