Date Closed

April 27, 2010

Lead Office

Québec City

Value

50.00 Million CAD

On April 27, 2010, Colabor Group Inc. completed an offering of 5.70% convertible unsecured subordinated debentures for total gross proceeds of C$50 million.  The Debentures will be convertible at the holder’s option into common shares of Colabor at a conversion price of C$16.85 per common share, and may be redeemed by Colabor in certain circumstances after April 30, 2015.

Colabor is a wholesaler and distributor of food and non-food products serving the retail (grocery stores, convenience stores, etc.) and food-service (cafeterias, restaurants, hotels, restaurant chains, etc.) markets.

McCarthy Tétrault LLP represented Colabor, with a team led by Philippe Leclerc.