On December 18, 2015, CCL Industries Inc. (CCL), a world leader in specialty label and packaging solutions, entered into an amended and restated syndicated Credit Agreement with Bank of Montreal again acting as agent, pursuant to which it increased its existing revolving credit facility to US$1.2 billion. The new credit facilities were extended to 2020 and include an accordion feature pursuant to which CCL can increase the amount of the facilities by up to US$300 million. CCL is the largest label company in the world. It operates 114 manufacturing facilities in 30 countries on 6 continents and has corporate offices in Toronto, Ontario and Framingham, Massachusetts.
CCL was represented by McMillan LLP with a team including Eric Friedman and Maria Sagan (financial services) and Michel Ranger (tax). The lenders were represented by Fasken Martineau DuMoulin LLP with a team including Dave Johnson and Dev Singh (banking) and Chris Steeves (tax).
CCL was represented in the United States by Warner Norcross & Judd LLP with a team including Mark Wassink and Michael Jones, and in the United Kingdom by Addleshaw Goddard LLP with a team including Richard Lee, Richard Chandler and Michael McDonald. The lenders were represented in the United States by Thompson Coburn LLP with a team including Victoria Gilbert, and in the United Kingdom by Fasken Martineau DuMoulin LLP with a team including Thomas Wexler and Sean Stevens.