We represented a successful Northern Ontario Company providing mining services to large multinational corporations.
NewPoint’s mandate was to simplify the Company’s banking arrangements. Prior to NewPoint’s involvement, the Company had 11 different lenders.
NewPoint presented the large financing opportunity to several lenders. Scotiabank ultimately won the mandate and remains the lender to the Company to this day.
Refinancing allows for a balance sheet consolidation, improved liquidity and access to future funding.