Montréal advised Bank of America on a credit agreement between Real Alloy and affiliates for US$110 million

March 14, 2017

Client: Bank of America, N.A.

Our Montréal office advised Bank of America, N.A. in connection with a credit agreement entered into between Real Alloy Holding, Inc. and certain of its affiliates, including Real Alloy Canada Ltd., as borrowers and guarantors, and Bank of America, N.A., as lender and as agent for all present and future lenders, providing for an asset-based revolving credit facility in the principal amount of up to US$110 million, the proceeds of which were used to, among other things, refinance existing indebtedness.

Real Alloy and its affiliates are global market leaders in third-party aluminum recycling and specification alloy production, converting aluminum and magnesium scrap and by-products into reusable metal for a number of applications across industries. Real Alloy’s group of companies has 27 facilities in six countries across North America and Europe. Real Alloy Canada is a Nova Scotia company that is based in Mississauga, Ontario.

The Montréal team was led by Arnold Cohen, assisted by Michèle Friel.