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The Jean Coutu Group completes C$500M 5-year revolving credit facility

Date Closed

November 10, 2011

Lead Office



500.00 Million CAD

On November 10, 2011, The Jean Coutu Group (PJC) Inc. completed  C$500 million 5-year revolving credit facility. This facility was made available by a banking syndicate led by Canadian Imperial Bank of Commerce and National Bank of Canada, as Co-Administrative Agents, Canadian Imperial Bank of Commerce, National Bank of Canada, Caisse centrale Desjardins, The Toronto-Dominion Bank, Bank of Montreal and Royal Bank of Canada, as lenders.

This new credit facility will be used to reimburse the outstanding borrowings under the credit facility maturing on May 8, 2012.

The Jean Coutu Group (PJC), headquartered in Longueuil, Québec, is a drugstore distributor and franchisor.

McCarthy Tétrault LLP represented Canadian Imperial Bank of Commerce, the agent, with a team led by Michel Deschamps, Richard O'Doherty, and Sabine Audette-Hall.