CREDIT FACILITY REPORT
Shoppers Drug Mart announces closing of four-year $750 million revolving term credit facility
December 10, 2010, Toronto --Shoppers Drug Mart Corporation (TSX: SC) today announced that it has closed a $750 million revolving term credit facility with a syndicate of banks. This new credit facility, which matures December 10, 2014, replaces the Company's previously existing $800 million revolving term credit facility that was to mature on June 6, 2011. Accordingly, the consolidated net debt position of the Company remains substantially unchanged. The new credit facility is available for general corporate purposes, including backstopping the Company's $500 million commercial paper program.
Shoppers Drug Mart Corporation is one of the most recognized and trusted names in Canadian retailing. The Company is the licensor of full-service retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix in Québec). With more than 1,181 Shoppers Drug Mart and Pharmaprix stores operating in prime locations in each province and two territories, the Company is one of the most convenient retailers in Canada.
GE Capital is agent for C$28.2 Million Credit Facility to Canam Group
December 9, 2010, Montreal --GE Capital in Canada today announced the completion of a six-year C$28.2 million credit facility provided to Canam Group Inc. (TSX: CAM). GE Capital acted as agent of the syndicate which includes Société générale de financement du Québec (SGF) and the major accounts team at the Laurentian Bank of Canada.
Canam Group is a global leader in the design and fabrication of construction products and solutions and a leading provider of design-build and building information modeling (BIM) services. The Company will use the credit facility for working capital needs.
"It is great to see our customers take full advantage of GE's deep domain expertise," said Stéphane Therrien, senior vice president and Chief Commercial Officer of GE Capital in Canada. "We look forward to supporting Canam Group's continued growth."
With more than 20 offices throughout Canada, GE Capital (gecapital.ca) is a leading provider of financial and fleet management solutions to businesses operating in a broad range of economic sectors, including construction, transportation, energy, manufacturing and retail. The business' customized solutions include leases, asset based working capital and term financing, cash flow financing, corporate aircraft, franchise, business properties and fleet financing as well as financial solutions and services to equipment manufacturers, operators, distributors, dealers and their end users. For more information, visit gecapital.com or follow company news via Twitter (@GECapitalNews). For more information on GE Capital in the Americas, visit gecapital.com/americas. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems