November 29, 2006
Martinrea International Inc. (TSX:MRE), a leader in the production of quality metal parts, assemblies and modules and fluid management systems focused primarily on the automotive sector, amended its credit facility with a syndicate of lenders led by The Toronto-Dominion Bank; providing for a: (i) US$150 million term facility to be utilized in part to fund the acquisition by Martinrea of certain North American automotive body and chassis operations and plants from ThyssenKrupp Budd Company, a wholly-owned subsidiary of ThyssenKrupp AG; and (ii) Cdn$100 million revolving operating facility.
Wildeboer Dellelce LLP acted as Canadian counsel to Martinrea in connection with the credit facility with a team consisting of Chris Partridge, Robert Fonn, and Lisa Cunningham (Banking and Finance) and Dave Fedy (Real Estate).