Acier Leroux/Leroux Steel Affiliates Close Financing

On August 16, 2002, Acier Leroux Inc./Leroux Steel Inc. and certain affiliates (the Leroux Steel group) closed its $120 million asset-based financing with a syndicate of lenders led by Bank of America, N.A. (acting through its Canada branch) and GMAC Commercial Credit Corporation-Canada.
The Leroux Steel group was represented by in-house counsel Catherine Frigon; assisted by Gerald Kandestin and Michael Gaon (lending) of Kugler, Kandestin in Montreal; Alison Manzer and David Budd of Cassels Brock & Blackwell LLP in Toronto; Robert Girard (corporate) of Fasken Martineau DuMoulin LLP; Frank Powell, Q.C., of Patterson Palmer in Halifax; Chantal Richer and Timothy Thomas of Perley-Robertson, Hill & McDougall LLP in Ottawa; Tim Goad and Garry Goad of Goad & Goad in Cambridge; Donald Johnston of Johnston & Marotta in Welland; and Corinne Godbout of McInnes Cooper in Moncton.
The agents and arrangers were represented by Ogilvy Renault, with a team consisting of Kevin Morley, David Amato and Rosella Santilli in Toronto, Miguel Manzano and George Maughan in Montreal and John Naccarato and Julie Paquette in Ottawa. Ogilvy Renault was assisted in New Brunswick and Nova Scotia by C. Paul Smith, James Murphy and Maurice Chiasson of Stewart McKelvey Stirling Scales, and on U.S. matters by Joe Martin of Goldberg, Kohn, Bell, Black, Rosenbloom & Moritz, Ltd. in Chicago.


Gerald F. Kandestin Timothy G. P. Goad David M.A. Amato Gary S. Goad James D. Murphy Kevin J. Morley John R. Naccarato Alison R. Manzer Michael Gaon C. Paul W. Smith Robert Y. Girard Donald Johnston Corinne Godbout Maurice P. Chiasson Julie L. Paquette Timothy J. Thomas Rosella Santilli George Maughan Miguel Manzano David Budd Chantal M. Richer


Kugler Kandestin, L.L.P. Cassels Brock & Blackwell LLP Fasken Martineau DuMoulin LLP Patterson Law Perley-Robertson, Hill & McDougall LLP/s.r.l. Goad & Goad Johnston & Marcotta McInnes Cooper