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Challenger Motor Freight Enters into $40M Asset-Based Credit Facility

CLIENT

GE Capital Commercial Finance, Inc.

DATE

May 23, 2008

On May 23, 2008, Challenger Motor Freight Inc. and certain of its subsidiaries entered into a senior secured asset-based credit facility in the aggregate amount of $40,000,000, agented by GE Canada Finance Holding Company. Challenger Motor Freight Inc. is the largest privately owned truckload carrier in Canada and the fifth largest trucking company in Canada.

GE Canada Finance Holding Company, as Agent and Lender, was represented by Ogilvy Renault LLP with a team comprised of Kevin Morley, David Amato and Serge Levy. 

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