Teleglobe Extends US$1.25B Senior Credit Facilities

On July 23, 2001, Teleglobe Inc. concluded the extension of its subsidiaries’ senior credit facilities of US$1.25 billion. The facility was comprised of a syndicate of 19 Canadian, US and European lenders.
Teleglobe Inc. was represented by Michel Lalande and Anick Morin of the BCE Inc. legal department and by the Davies Ward Phillips & Vineberg LLP team of Rita Lc de Santis, Laurence Detière and Marie-Christine Lemerise (commercial). Teleglobe Inc.’s US subsidiaries, Teleglobe Holdings (US) Corporation and EXCEL Communications, Inc., were represented by Marc Berger of Davies and Gogi Malik of Munsch Hardt Kopf & Harr, P.C., respectively. Norm Saibil of Borden Ladner Gervais LLP acted as lenders’ counsel.