Dorel Industries Sells Notes

Dorel Industries Inc. completed, on July 26, 2002, the sale, through one of its subsidiaries, of US$50 million series A senior guaranteed notes. The notes were purchased by a group of institutional investors led by The Prudential Insurance Company of America. Dorel is a global consumer products manufacturer specializing in ready-to-assemble furniture, juvenile products and home furnishings

Dorel was represented in Canada by Claudette Bellemare and Glen Bowman of Heenan Blaikie LLP. Schiff Hardin & Waite in Chicago acted for Dorel in the U.S., with a team led by Bruce Weisenthal and Robert Cloninger. The Prudential Insurance Company of America was represented by Chester Fisher, III, Thomas O’Connor and Kevin Braun of Bingham McCutchen LLP in Hartford, Connecticut.