Date Closed

March 30, 2005

Lead Office

Montréal

Value

180.00 Million CAD

On March 30, 2005, Canam Group Inc. completed its refinancing program by replacing its current credit facility with a C$180 million credit facility in Canada in the form of a revolving portion of $90 million renewable for a four-year term and a four-year term loan of $90 million. National Bank Financial Inc. acted as lead arranger for a banking syndicate.

McCarthy Térault advised National Bank with a team that was led by Michel Deschamps.