Pulse Data Completes Refinancing

On December 17, 2008, Pulse Data Inc. completed a refinancing with a syndicate of lenders consisting of Roynat Inc., Alberta Treasury Branches and The Toronto-Dominion Bank led by Roynat Inc. as agent, lead arranger and sole bookrunner. The financing provides a $75,000,000 revolving syndicated credit facility to refinance existing debt and finance certain acquisitions.

Pulse Data Inc. was represented by the Calgary office of Gowling Lafleur Henderson LLP with a team led by John Iredale and consisting of Tom Cumming, Nick Salaysay, Emeryll Gumapas and Gloria Kang.

Under the direction of Andrew Major, director and district manager, Roynat Inc. and the other lenders were represented by the Calgary office of Borden Ladner Gervais LLP with a team led by Tom Pepevnak consisting of Maria Doerksen and Doug Fawcett.