Clearwater Enters into Senior Secured Credit Facilities

Clearwater Seafoods Limited Partnership and certain of its affiliates completed a senior secured financing consisting of revolving and term loan facilities in the aggregate principal amount of $150 million and US$200 million with an international syndicate of lenders led by BMO Capital Markets, GE Canada Finance Holding Company as agent, GE Capital Markets (Canada) Ltd., GE Capital Markets, Inc. (collectively, GE Capital); and Rabobank Nederland, Canadian Branch (Rabobank) as lead arrangers, and BMO Capital Markets as syndication agent, and GE Capital and Rabobank as documentation agent.

Clearwater was represented in Ontario by Goodmans LLP with a team that included Jean Anderson and Dan Dedic; in Nova Scotia by McInnes Cooper with a team that included Joseph Macdonald, Jack Innes, Karen Gardiner and Laurie Jones; in the United States by Hodgson Russ LLP with a team that included Victoria Saxon and Christian Koelbl III; and in the United Kingdom by Reed Smith LLP with a team that included Michael Maxtone-Smith, Alana Camm and Natalie Ramsden.

The lenders and GE Capital were represented in-house by Jennifer Guerard, senior counsel corporate finance; in Ontario by Blake, Cassels & Graydon LLP with a team that included Michael Harquail, Mark Platteel, Daniel Kofman and Matthew Trim; in Nova Scotia by Cox & Palmer with a team that included Jennifer Forster and Craig McCrea; and in the United States and the United Kingdom by Latham & Watkins LLP with a team that included Mishel Keta (US) and Ross Pooley, Patrick Ky and Sophie Butterworth (UK).