Congress Financial Provides Credit FAcility to Fila USA

On June 10, 2003, in connection with its acquisition of Fila USA, Inc., Enyce, LLC and Fila Canada, Inc., Cerberus Capital Management, LP, obtained a US$100 million secured revolving credit facility and a US$94,443,413 term loan for Fila and certain of its subsidiaries. Congress Financial Corporation acted as agent and lead lender for the U.S. portion of the revolving credit facility. Congress Financial Corporation (Canada) is providing the Canadian portion of the facility to Fila Canada. Madeleine LLC, an affiliate of Cerberus, is acting as agent and lead lender in connection with the term loan.

Fila was represented in Canada by Stikeman Elliott LLP, with a team that included Daphne MacKenzie and Jill Lankin in Toronto and Howard Rosenoff in Montreal; and in the U.S. by Eliot Relles and Helen Lloyd-Davies of Schulte Roth & Zabel LLP in New York.

Congress and Madeleine were represented in Canada by Goodmans LLP, with a team that included Jean Anderson and Caroline Goss. In the U.S. Congress was represented by David Morse, Susan Joyce and Diana Parmer of Otterbourg, Steindler, Houston & Rosen P.C. in New York; and Madeleine was represented by Peter Burke and Stacy Hopkins of Paul, Hastings, Janofsky & Walker LLP in Los Angeles, California.