Date Closed

March 15, 2006

Lead Office

Montréal

Value

325.00 Million CAD

On March 15, 2006, Norampac Inc. completed the refinancing of its existing credit facility with a new C$325 million credit facility to Norampac Inc., Norampac Holding US Inc. and Norampac Avot Vallée SAS, as borrowers. Canadian Imperial Bank of Commerce acted as Lead Arranger of the banking syndicate and as Administrative and Collateral Agent.  In addition, National Bank of Canada and The Bank of Nova Scotia acted as Co-Arrangers and Co-Syndication Agents, Deutsche Bank AG acted as Co-Arranger and Co-Documentation Agent and Caisse centrale Desjardins acted as Co-Documentation Agent.

Norampac, a division of Cascades Canada LLC, is Canada's foremost manufacturer of containerboard.

McCarthy Tétrault advised the syndicate of lenders with a team led by Michel Deschamps and Richard O'Doherty.