HomePersonal BankingWealth ManagementSmall BusinessCommercialAbout BMO Harris

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.

close

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.

Contact Us