St. Marys Cement (Canada) Obtains Loan of US$450M from Bank of America

On October 28, 2010, St. Marys Cement Inc. (Canada) and various related US entities obtained financing in the amount of US$450 million from Bank of America, N.A., as agent and certain other lenders, consisting of a $125,000,000 revolving facility and a $325,000,000 term facility.

St Marys Cement Inc. is a leading manufacturer of cement and related construction products in the United States and Canada. Headquartered in Toronto, St Marys Cement Inc. supplies cementitious materials to the Great Lakes Region and is also a significant producer of concrete and aggregates to the Ontario market.

St. Marys Cement Inc. (Canada) and the other Canadian loan parties were represented by McCarthy Tétrault LLP in Canada led by Richard Higa (financial services) and including Gregory Walters (financial services); Nicola Geary (corporate); Carolyn Ruby (real property and planning) and James Morand and Lorraine Allard (tax); and White & Case LLP in the United States, with a team led by Binoy Dharia and including Robert Amdursky and Julia Rubin.

Bank of America and the other lenders were represented by Osler, Hoskin & Harcourt LLP in Canada with a team led by Richard Borins (financial services) and including Aaron Unterman (financial services) and Paul Morassutti (real property); and in the United States by McGuireWoods LLP with a team led by Kevin McGinnis (financial services) and including Joshua Green (financial services) and Paul McNamara (real estate).