BDC, HSBC provide credit facilities to leveraged recap of World Oil Tools
World Oil Tools Inc, a Calgary-based manufacturer of downhole equipment and tools to the oil and gas industry, has completed a leveraged recapitalization with the advice of Marcum Cronus Partners LLC. The undisclosed transaction occurred through credit facilities provided by HSBC Bank Canada and the Business Development Bank of Canada (BDC). The U.S.-based Marcum Cronus Partners is an investment banking firm that provides financial advisory and related services.
5 March 2014•2 mins read
