Loblaw Companies Limited Enters into $800 Million Revolving Credit Facility

On March 20, 2008, Loblaw Companies Limited entered into a new $800 million revolving credit facility with a syndicate of lenders. Loblaw Companies Limited (Loblaw) is Canada's largest food distributor and a leading provider of general merchandise products, drugstore and financial products and services.

Canadian Imperial Bank of Commerce acted as administrative agent on the credit facility. CIBC World Markets and RBC Capital Markets acted as co-lead arrangers and joint-bookrunners. RBC Capital Markets also acted as syndication agent. Bank of Montreal, The Bank of Nova Scotia and The Toronto-Dominion Bank acted as co-documentation agents. 

Loblaw was represented in-house by Robert Balcom and Adam Walsh, who were assisted by Borden Ladner Gervais LLP, counsel to Loblaw, with a team that included Kenneth Atlas, Stephen Redican and Angela Lin.The agent and the lenders were represented by Blake, Cassels & Graydon LLP, with a team comprised of Michael Harquail and Michelle Laniel.


Michelle Laniel Robert A. Balcom Adam Walsh Stephen J. Redican Angela W. Lin