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Transaction/Case Details

TransForce completes amendment and restatement of its existing C$800 million credit facility

DATE CLOSED

June 27, 2013

BUSINESS SECTOR

Financial Services

LEAD OFFICE

Montreal


OVERVIEW

On June 27, 2013, TransForce Inc., a North American leader in the transportation and logistics industry, completed an amendment and restatement of its existing credit facility with a banking syndicate of 14 lenders led by National Bank Financial as sole bookrunner and co-lead arranger, and RBC Capital Markets and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as co-lead arrangers.

Under the terms of the agreement, the existing C$800 million revolving credit facility is divided into a general facility of C$775 million and a US facility of US$25 million, and extending the maturity date of the two facilities by one year to August 2016. The new agreement provides more advantageous terms and covenants to TransForce.

TransForce, headquartered in Montréal, Québec, is a transport and logistics company.

McCarthy Tétrault LLP represented National Bank Canada and the syndicate of fourteen lenders, with a team led by Michel Deschamps.

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