$150M Credit Facilities to Corner Brook Pulp and Paper

On June 22, 2006, a syndicate of lenders led by The Bank of Nova Scotia, as administrative agent, GE Canada Finance Holding Company, as syndication agent and collateral agent, and Scotia Capital and GE Canada Finance Holding Company, as co-lead arrangers and joint bookrunners, completed a $150 million revolving and term financing for Corner Brook Pulp and Paper Limited, a major North American producer of newsprint and a member of the Kruger group of companies.

The syndicate of lenders was represented by Blake, Cassels & Graydon LLP, with a team composed of Norm Saibil, D. James Papadimitriou and Viorelia Guzun (banking); Leslie Morgan (tax) and Marise Chabot (real estate), with the assistance of Gregory J. Connors of Patterson Palmer in Newfoundland and Labrador and Jeffrey G. Moran, Chris J. O'Meara and Ross Pooley of Latham & Watkins LLP in the US and the UK.

Corner Brook Pulp and Paper Limited was represented by Warren M. Goodman, Marie-France Gagnon, Mary Jeanne Phelan and Anne-Marie Durand of McCarthy T├ętrault LLP and John M. Green and Caroline Watton of McInnes Cooper in Newfoundland and Labrador.

Lawyer(s)

John M. Green D. James Papadimitriou Mary Jeanne F. Phelan Viorelia Guzun Caroline C. Watton Marie-France Gagnon Marise Chabot Warren M. Goodman Anne Marie Durand Norm Saibil Gregory J. Connors