Toromont Completes Refinancing

On November 5, 2010, Toromont Industries Ltd. entered into a fourth amended and restated revolving credit agreement that provides for an aggregate principal commitment of $600 million. The syndicate of lenders was led by the Canadian Imperial Bank of Commerce (“CIBC”) as administrative agent, CIBC and TD Securities as co-lead arrangers and joint bookrunners, The Toronto-Dominion Bank as syndication agent, and the Bank of Montreal, Royal Bank of Canada and The Bank of Nova Scotia as documentation agents.

Toromont Industries Ltd. operates through two business segments: the Equipment Group and the Compression Group. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory in addition to industry leading rental operations. The Compression Group is a global leader specializing in the design, engineering, fabrication and installation of compression systems for natural gas, coal-bed methane, fuel gas and carbon dioxide in addition to process systems and through CIMCO industrial and recreational refrigeration systems.

Toromont Industries Ltd. was represented by David Wetherald, Vice President Human Resources and Legal, and by a team from Davies Ward Phillips & Vineberg LLP that comprised Scott Hyman and Michael Jemczyk.

The lenders were represented by Blake, Cassels & Graydon LLP with a team that included Simon Finch, Michelle Laniel and Emilie Nicholas.


Simon A. Finch Scott R. Hyman Emilie Nicholas Michelle Laniel Michael Jemczyk David C. Wetherald


Davies Ward Phillips & Vineberg LLP Blake, Cassels & Graydon LLP