Détails du mandat
objet
High Liner Completes Purchase of FPI
CLIENT
Royal Bank of Canada, CIT Business Credit Canada Inc.
DATE
20 décembre 2007
EXPERTISE
AVOCAT(S)
On December 20, 2007, High Liner Foods Incorporated, one of North America's largest processors and marketers of prepared frozen seafood, completed its purchase of FPI Limited's North American food service and retail frozen seafood businesses for the aggregate sum of Cdn.$161,500,000.
As part of the leveraged acquisition, High Liner Foods Incorporated and its U.S. subsidiary High Liner Foods (USA), Incorporated closed Cdn.$120,000,000 in Canadian and U.S. Asset Based credit facilities. The facilities were agented by Royal Bank of Canada and by CIT Business Credit Canada Inc. (owned equally by Canadian Imperial Bank of Commerce and CIT Group Inc.).
Royal Bank of Canada and CIT Business Credit Canada Inc. were represented in Canada by Ogilvy Renault LLP with a team comprised of Kevin Morley, David Amato and Serge Levy.
