Esco And Quality Steel Enter Into Revolving Credit Facilities

On December 27, 2006, Esco Corporation and Quality Steel Limited entered into US and Canadian asset-based revolving credit facilities in the aggregate amount of US$110 million. The facilities were agented by Bank of America, N.A.

Esco Corporation and its various subsidiaries (including Quality Steel Limited) are a global group of companies that manufacture engineered metal parts and components for industrial application.

Bank of America, N.A., as agent, was represented in Canada by Ogilvy Renault LLP with a team consisting of Kevin Morley and David Amato and in the United States by Goldberg Kohn with a team consisting of David Dranoff, Michael Hainen and Jessica DeBruin.

Esco Corporation and Quality Steel Limited, as borrowers, were represented in Canada by Bull, Housser and Tupper LLP's James Sutcliffe and in the United States by Sullivan & Cromwell LLP with a team consisting of Hydee Feldstein, Lisa Hageman and Alison Fleisher.

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