Reebok Completes Refinancing Program

On July 1, 2005, Reebok International Ltd., and certain of its subsidiaries, including its Canadian subsidiaries Reebok Canada Inc. and Sport Maska Inc., completed a refinancing program by replacing current credit facilities by a US$300 million revolving credit facility. Credit Suisse and BNP Paribas acted as joint bookrunners and co-lead arrangers, Credit Suisse also acted as administrative agent, BNP Paribas as syndication agent, and ABN Amro Bank NV, Bank of America, NA and Wachovia Bank, National Association, acted as co-documentation agents.

The execution of the refinancing program was coordinated internally by in-house counsel John Livingston and legal manager Steve Nikolits, together with the assistance of Thomas Draper and Sanjay Hebbar of Ropes & Gray LLP in the US, Terry Fontana, Richard O'Doherty and Ylang Ha of McCarthy Tétrault LLP in Canada, Aaron Savage of Stewart McKelvey Stirling Scales as special counsel in New Brunswick, Bronwen Jones of Macfarlanes in the UK, and Ana Maria Fernández Rionda and Manuel Romano Mijares of De Ovando y Martinez del Campo, SC, in Mexico.

The co-lead arrangers and the agents were represented in the US by James Vardell, Michael Goldman, Alyssa Caples and David Ware of Cravath, Swaine & Moore LLP, and in Canada by Michael Harquail of Blake, Cassels & Graydon LLP.