Atlas Tube Closes Secured Debt Financing

On July 2, 2002, Atlas Tube Inc., a leading Canadian manufacturer of hollow steel structural sections with operations in Harrow, Ontario and Plymouth, Michigan, closed its secured debt financing with a syndicate of lenders led by GMAC Commercial Credit Corporation-Canada and Comerica Bank, Canada branch. The value of the deal is confidential.

Atlas Tube was represented by Wilson, Walker/Miller, Canfield, with a team consisting of Jeffrey Slopen, Julie Daniel, Jennifer Shilson and Kerry DiFruscio. The agent, GMAC Commercial, was represented by Ogilvy Renault, with a team consisting of Kevin Morley, Merie-Anne Beavis, David Amato and Jennifer Smith-Abraham. Comerica Bank was represented by McMillan Binch LLP, with a team consisting of Jeff Rogers and Cheryl Stacey.