22:05:05 EDT Mon 14 Jul 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Bank of Montreal
Symbol BMO
Shares Issued 727,007,944
Close 2025-04-08 C$ 124.79
Market Cap C$ 90,723,321,332
Recent Sedar Documents

FP/wire help get word out Converge debt still available

2025-04-08 07:09 ET - In the News

See In the News (C-CTS) Converge Technology Solutions Corp

The Financial Post reports in its Tuesday edition that a group of lenders led by Bank of Montreal has postponed a $1.1-billion (U.S.) loan sale that was to help finance HIG Capital LLC's planned purchase of Canadian company Converge Technology Solutions Corp. The lenders agreed to underwrite the debt earlier this year, when HIG announced it planned to merge portfolio company Mainline Information Systems Inc. with Converge. The combined company would be called Cardinal. The loan sale had struggled to attract demand. A representative for BMO declined to comment, while HIG and Converge were not immediately available to comment. Investors have shied away from risky debt offerings in recent days as U.S. President Donald Trump's tariff plan has stoked recession fears and sent risk assets plunging. Converge closed Monday at $5.95, down one cent on the Toronto Stock Exchange.

© 2025 Canjex Publishing Ltd. All rights reserved.