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Colabor completes bought deal offering of convertible unsecured subordinated debentures

Date Closed

April 27, 2010

Lead Office

Québec City


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.