National Bank of Canada finances good natured Products Inc.

October 28, 2021

On October 28, 2021, National Bank of Canada (“National Bank”) closed its financing transaction of good natured Products Inc. (TSX-V:GDNP), a North American leader in earth-friendly plant-based products. The credit agreement is comprised of up to $35.8 million in financing, including:

  • $15 million revolving working capital facility with a 2-year term and an uncommitted $10 million accordion available at the discretion of National Bank;
  • $4 million revolving term credit facility to finance capital expenditures, amortized over 84 months; and
  • $6.755 million non-revolving term credit facility secured by a first mortgage on the Company’s Brampton, ON manufacturing facility to replace the existing mortgage on such facility, with a 25-year amortization.

The National Bank of Canada is the sixth largest commercial bank in Canada. It is headquartered in Montreal, and has branches in most Canadian provinces as well as 2.4 million personal clients.

Miller Thomson advised National Bank in the financing with a team led by Kenneth Rosenstein and comprised of Geoffrey Marinangeli and Jonathan Dyck (Financial Services).