George Weston Limited Enters into $300 Million Revolving Credit Facility

On April 11, 2008, George Weston Limited entered into a new revolving credit facility with a syndicate of lenders in an amount of $300 million. George Weston Limited (GWL) is a Canadian public company founded in 1882 and through its operating subsidiaries constitutes one of North America's largest food processing and distribution groups. GWL has two reportable operating segments: Weston Foods and Loblaw Companies Limited.

Canadian Imperial Bank of Commerce acted as administrative agent on the credit facility. CIBC World Markets and RBC Capital Markets acted as co-lead arrangers and joint-bookrunners. RBC Capital Markets also acted as syndication agent. Bank of Montreal, The Bank of Nova Scotia and The Toronto-Dominion Bank acted as co-documentation agents. 

GWL was represented in-house by Robert Balcom and Adam Walsh, who were assisted by Borden Ladner Gervais LLP, counsel to GWL, with a team that included Stephen Redican, Kenneth Atlas and Angela Lin.

The agent and the lenders were represented by Blake, Cassels & Graydon LLP, with a team comprised of Michael Harquail, Michelle Laniel and Judith Sari.

Lawyer(s)

Stephen J. Redican Adam Walsh Angela W. Lin Michelle Laniel Robert A. Balcom Judith Sari