Credit Facilities Provided to KremeKo

KremeKo Inc. (the area developer for Krispy Kreme doughnuts in all Canadian provinces, except B.C.) and The Bank of Nova Scotia settled a credit facility and security documentation to finance the construction of Krispy Kreme doughnut stores throughout Canada. KremeKo plans to open approximately 40 Krispy Kreme Hot Doughnut Factory stores and a number of satellite stores in Canada over the next six years. The deal closed on April 4, 2003 and its value is undisclosed.
KremeKo was represented by Blake, Cassels & Graydon LLP, with a team that included Rachel Ingram (business), Michael Harquail (financial services) and Silvana D’Alimonte (real property) in Toronto and James Papadimitriou (financial services and real property) in Montreal.

McCarthy TĂ©trault LLP acted for The Bank of Nova Scotia, with a team that included Joel Scoler (corporate finance) and Oliver Hobday (real property) in Toronto and Marc Lemieux and Mylany David (business) in Montreal.