Transforce Completes Amendment and Extension of its Credit Facility

TransForce Inc., a North American leader in the transportation and logistics industry, completed an amendment and restatement of its existing credit facility with a banking syndicate of 14 lenders.

The 14 lenders were led by National Bank Financial, as sole bookrunner and co-lead arranger, and RBC Capital Markets and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as colead arrangers, for the purpose of, among other things, dividing its existing $800-million revolving facility into a general facility of $775 million and a US facility of US$ 25 million, and extending the maturity date of the two facilities to August 2016. The new agreement provides more advantageous terms and covenants to TransForce Inc.

The completion of the transaction was led by TransForce's vice president, legal affairs and corporate secretary, Josiane-Mélanie Langlois, together with Lise Morissette of Heenan Blaikie LLP and with support from Michael Lee of Morgan, Lewis & Bockius LLP.

National Bank Financial and the lenders were represented by McCarthy Tétrault LLP with a team of Michel Deschamps, Richard O'Doherty and Marjolaine Hémond Hotte.



Morgan, Lewis & Bockius LLP McCarthy Tétrault LLP