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Notable Deals

BMO Harris Bank shares your vision of success. That’s why our professionals partner with you from start to finish; providing one-on-one guidance, expertise in a broad range of industries, and the financial resources you need to help your business grow.

Below you’ll find some of our most recent transactions, so you can see for yourself how BMO Harris Bank helps companies turn their visions into reality. Use the drop-down menu to filter these deals by industry or solution.

Calderon Textiles
Cobra
Diversified Machine
Harris and Ford
KeHE Distributers
Maurice
Pinnacle Ag
Prince Minerals
Shale Inland
Edwards Companies
Fieldbrook
FF Coppola
Fab South
Edward Hospital
Cypress Energy Partners
FRED Pinnacle Park
Lakeview Clinic
Lone Star Funds
Mandel Group
The Bernard Group
Watermark Tombstone
TWG-Consolidated Tombstone
MillCreek Tombstone
Ogden-SutterCreek Tombstone
Greystar CulverCity Tombstone
Golub-Orrington Tombstone
CoreRedevelopment-Stadium Tombstone
CoreRedevelopment-Stadium Tombstone
Torgerson Properties
Zilber ABB
Alverno
Chicago PublicSchools
Hose And Rubber
Medical College Of WI
QC Supply
Sequel
Culin Art
Elmhurst Healthcare
Gonella
AJCT
Anderson Birkla
Api
BGC Parnters
Black & Veatch
Burris Logistics
Cantor Fitzgerald
Cardinal Stritch
CB&I
Citimark Haverstick
CME Group, Inc. 1
CME Group, Inc. 2
Cooperas, Yam Mgt
Core Campus
CSO
Cypresswood Memory Care, LLC
Medical College Of WI
Davisco
Dawn Food Products
DPR
E Street Flats
Emcor
Fern
Sipi Metals Tombstone
First Highland
Flaherty and Collins
GCR
Granite
Great Lakes Dredge & Dock
GSA
GTI
Intren
Landauer, Inc.
Lighthouse Partners
Luther Manor
M.C. Dean
Magellan Lakeshore
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BMO Harris Bank provided a $36 million loan to Magellan Development Group. The funds allowed the Chicago-based real estate developer to refinance its construction loan for the retail component of its Lakeshore East project and provided funds for additional lease up to stabilization.

Situated in what used to be a golf course, the Lakeshore East community today includes luxury apartments, condominiums and townhouses, retail shops, the Radisson Blu Aqua Hotel, a public school and dedicated park space. Magellan sought to refinance its construction loan with an interim facility that provided for additional lease-up funds for the Village Market retail center, which includes several restaurants, a popular supermarket chain and other service providers. After consulting with BMO Harris, Magellan decided that an interim, floating-rate loan would provide the best flexibility in terms of prepayment compared to other fixed-rate, longer-term financing options.

Banking products and services provided by BMO Harris Bank and are subject to bank and credit approval. BMO Harris® and BMO Harris Bank® are trade names used by BMO Harris Bank N.A. Member FDIC.

Matrix
MC Dean
McM Incorporated
Miron
Mister Car Wash
Monogram Food
NASS
NSC
Octeg-Getco
OSI
Quanta Services
Radio Flyer
Rahr Malting
Railworks
RDI Rosens Diversified
REI POE Louisville
Scioto Properties
Shaw Group
CA Student Living
Bogen Acquisition
Berg Electric
Sparton
St John's on the lake
Strategic Marketing Inc
Thedacare
Urban Land Interests
Watertown
WBEZ
Weeks Marine
YMCA Chicago
Community Health
Charter Mfg
Great Lake DD
Air Methods
American Milk Producers
Blessey Enterprises
Cambria
Kraemer Mining & Minerals
Power Fuels
Prime Inc
Southern Towing Company
Travelclick
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BMO recently extended $302 million of senior credit facilities to TravelClick, a provider of cloud-based reservation solutions, SaaS-based business intelligence and digital media solutions to the global hospitality industry. The facilities were used to fund a partial return of capital to shareholders; reprice First Lien Facilities; and reset covenants and baskets.

As a lender to the business since 2011, BMO was able to leverage the firm’s intimate knowledge of the business, along with capital markets expertise and relationships, to deliver a quick, favorable execution. Once we received the mandate, BMO successfully arranged $212 million of First Lien and $90 million of Second Lien credit facilities in only five weeks. Ratings were reaffirmed and the facilities oversubscribed, resulting in the tighter end of target pricing range.

A targeted syndication approach was used, focusing on:

  1. Retaining existing First Lien Lenders;
  2. Targeted new middle-market lenders in the event of any First Lien attrition; and
  3. Second Lien lenders favoring middle-market transactions.

First lien leverage was approximately 3.9x and total leverage was approximately 5.6x.

Ancile
High Ridge Brands
Wrigley
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BMO Harris Bank loaned $40 million to 400-410 Michigan Real Estate LLC to finance tenant improvements and leasing commissions for Chicago’s historic Wrigley Building. After completing a $70 million rehab of the 460,000-square-foot landmark, the owners will use the loan proceeds for additional improvements as it signs new tenants.

BMO Harris’ commercial real estate expertise, as well as its strong, stable credit rating, were key criteria the Wrigley Building’s owners evaluated when they chose the bank as the sole lender for financing tenant improvements and leasing commissions.

The Wrigley Building is owned by a consortium of investors led by BDT Capital Partners that includes Zeller Realty Group and Groupon cofounders Eric Lefkofsky and Brad Keywell as minority investors.

Banking products and services provided by BMO Harris Bank and are subject to bank and credit approval. BMO Harris® and BMO Harris Bank® are trade names used by BMO Harris Bank N.A. Member FDIC.

Interim Health
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BMO Harris Bank was the lead lender and administrative agent on a $75 million construction loan to a borrower controlled by Magellan Development Group. The BMO Harris team helped the Chicago-based real estate firm and its partners expand into the Minneapolis market.

Magellan used the funds to begin construction of a luxury apartment tower in Minneapolis’ Loring Park neighborhood. Because this was Magellan’s first major project outside of Chicago, finding a local Chicago lender with ties to the Minneapolis market was key to a successful construction loan. By taking the time to understand the details of the project—and taking into account Magellan’s track record in the Chicago markets—BMO Harris was able to underwrite its role in the construction loan and secure additional lenders to round out the $75 million construction loan. Completing the financing cemented BMO Harris’ relationship as Magellan’s lender of choice.

Banking products and services provided by BMO Harris Bank and are subject to bank and credit approval. BMO Harris® and BMO Harris Bank® are trade names used by BMO Harris Bank N.A. Member FDIC.

Windsor Foods
Weeks Marine
Unified Grocer
Trover Solutions
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BMO Harris Bank recently extended $117 million of senior credit facilities to Trover Solutions, Inc., a leading provider of outsourced insurance subrogation, claims recovery and other cost containment solutions for the healthcare and property & casualty ("P&C") insurance industries.

The facilities were used to refinance existing debt; refinance sponsor held holdco debt; reprice the existing facilities; and add additional flexibility to the deal.

Despite challenging market conditions in June, BMO led a successful syndication obtaining increased commitments from all existing lenders while also bringing a new lender into the group. The transaction was more than $40MM oversubscribed at closing.

The senior and total leverage of the transaction was 4.4x.

The Renaissance Cos-Kilpatrick
Swift
Southwire
Simmons
RDI Rosens Diversified
Rahr Malting
Prime Inc
Peco
New Pisgah-Veterans
Nature Sweet
Mortenson
Milk Source
Midstate Berkshire
Mariner Real Estate-Addison
Latham Pool
Kraemer Mining
Interim Health
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BMO Harris Bank recently brought a transatlantic solution to Interim Healthcare, providing a new UK senior secured credit facility and continuing to act as a Documentation Agent on the existing US senior secured credit facility. Interim HealthCare is a franchisor providing nursing, therapy, and non-medical home care, hospice, and healthcare staffing services, with more than 300 independently owned franchise locations in 43 states in the US, and over 150 locations throughout the UK and Ireland. The UK facility was used to fund the acquisition of Caring Brands Europe Limited, allowing Interim HealthCare to expand internationally. The US facility was re-priced in line with current market conditions.

BMO Bank of Montreal has been a lender to Interim since 2012 and was approached by the Agent bank in June of 2013 to participate in the UK acquisition financing. With the funding date approaching, the lead bank determined it was unable to provide the necessary UK financing. Working with our London office, Bank of Montreal, London Branch stepped in and was able to fund the entire UK facility, acting as UK Agent insuring the acquisition was completed without delay.

The senior leverage was ~3.30x and total leverage was ~4.55x at close.

House Of Raeford
Roma Healthcare
Hose And Rubber
HAAS
Bow Tech
Chassix
DS Services
McGrawHill
Pace Industries
Mid state Berkshire
Allens
Emerald Performance
Lakeside Foods
PFG Performance Food
Shearers
Galls
Gerber Scientific
iLL School Bus
Inventus
Kyrus
Inland Pipe
Rutland
Senior Whole Health
iD Tech Camps
Verdesian
California Products Tombstone
Adreima
Advicent Tombstone
Comar
Genova Diagnostics
Next Care
Qo Lmeds
Studer Group
Versa Pharm
Roland
Roland
sunrise-frozsun
Compass Learning
New French Bakery
Sanderson Farms Tombstone
TRP Tobacco Rag Tombstone
Prairie Point
Wood Partners Cherry Hill
Alliance Broad
Ghidorzi
Harrison Street
Bombadier
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BMO Harris Bank, a part of BMO Financial Group, recently arranged and structured $65 million of unitranche credit facilities to support the dividend recapitalization of CompassLearning, Inc., a provider of software for grades K-12 that assesses students’ strengths and weaknesses, prescribes personalized learning paths, delivers interactive curriculum, and reports individual outcomes.

The facilities were used to fund a dividend, refinance existing debt, and pay fees and expenses associated with the transaction.

BMO Financial Group’s strong education expertise across both the commercial and investment bank provided a collaborative and accelerated execution, resulting in a superior sponsor experience. The unitranche facility also provided a seamless one-stop solution that afforded the company flexibility for various investment projects.

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