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La Coop Fédérée completes its refinancing program

Date Closed

June 29, 2005

Lead Office



350.00 Million CAD

On June 29, 2005, La Coop fédérée, Québec’s agricultural cooperative federation, owned by nearly one hundred cooperatives representing more than 51,000 members, with operations in Québec, Ontario and Alberta, completed its refinancing program by replacing its current credit facilities by a $350 million revolving credit facility. National Bank Financial Inc., Caisse centrale Desjardins and Bank of Montreal acted as Co-Lead Arrangers for a banking syndicate. Concurrently with such refinancing, La Coop fédérée entered into a $30 million term loan with Farm Credit Canada and completed a $25 million debt issue with Capital régional et coopératif Desjardins.

McCarthy Tétrault advised the Coop, with a team that was led by Michel Deschamps.