Best Manufacturing Group et al. Enter Into Debtor-in-possession Credit Facility

On August 11, 2006 Best Manufacturing Group LLC, H.W. Baker Linen Co. LLC, Best Realty of New Jersey LLC, Best:Artex LLC and H.W. Baker U.S., Inc. (collectively, the “borrowers”) entered into a debtor-in-possession credit and security agreement providing for a senior secured, super-priority revolving and term credit facility of up to US$84,207,112.06 made available by a syndicate of lenders led by Marathon Structured Finance Fund L.P., as agent for the lenders, with Wells Fargo Foothill, Inc., as collateral agent. The proceeds from the facility will be used to refinance existing indebtedness and to finance ongoing working capital and general corporate needs as well as expenses incurred during the course of the restructuring. Founded in 1914, Best Manufacturing Group LLC is North America's largest manufacturer and distributor of apparel and textiles as well as other products for the hospitality, healthcare and textile rental industries and corporate America.

Marathon Structured Finance Fund L.P. and Wells Fargo Foothill, Inc. were represented in Canada by Ogilvy Renault LLP, with a team consisting of Kevin J. Morley, Arnold Cohen and Michèle Friel, and in the United States by Winston & Strawn LLP in New York, with a team that included William D. Brewer, Scott M. Hammond and Jeanne Silz.

The borrowers were represented in Canada by Stewart McKelvey, with a team led by Aaron M. Savage, and in the United States by Levett Rockwood P.C., with a team led by Christopher M. Graham in Connecticut, and by Cole, Schotz, Meisel, Forman & Leonard, P.A., with a team led by Marc P. Press in New York.


Aaron M. Savage Kevin J. Morley Michèle Friel Arnold Cohen


Norton Rose Fulbright Canada LLP Winston & Strawn Stewart McKelvey Cole, Schotz, Meisel, Forman & Leonard