The CSL Group Completes Major Financing of its Debt

The CSL Group Inc. (“CSL”), a world-leading provider of marine dry bulk cargo handling and delivery services, closed a $175,000,000 credit facility with a banking syndicate led by

The Bank of Nova Scotia as Sole Bookrunner, Co-Lead Arranger and Administrative Agent, and HSBC Bank Canada, as Co-Lead Arranger and Syndication Agent.

The completion of the financing was led by CSL's Senior Vice-President, Pierre Préfontaine and its Vice-President, Legal and Corporate Secretary, John Sypnowich and by its Senior Legal Counsel, Annie Choquette, and by McCarthy Tétrault LLP with a team comprising James Papadimitriou, Mathieu Dubord and Marjolaine Hémond Hotte.

The Bank of Nova Scotia and the Lenders were represented by Borden Ladner Gervais LLP with a team comprising Pierre Côté, Claudine Millette, Jean-Marie Fontaine and Christian Lazarre.

Lawyer(s)

Claudine Millette D. James Papadimitriou Mathieu Dubord Jean-Marie Fontaine Marjolaine Hémond Hotte Pierre B. Côté Christian A. Lazarre