Esselte Corporation, Xyron, Esselte Canada and Esselte Leitz Enter Into US$100M Credit Facility

On August 8, 2006 Esselte Corporation and Xyron, Inc., as US borrowers, Esselte Canada Inc., as Canadian borrower, and Esselte Leitz GMBH & Co. KG, as German borrower, entered into a credit agreement with regard to a US$100 million senior secured credit facility made available by Bank of America, N.A., as administrative agent, Bank of America N.A. (acting through its Canada branch), as Canadian agent, and Bank of America, N.A., as German agent, with a syndicate of lenders in Canada, the United States of America and abroad.

The Esselte group, a leading global office supplies manufacturer, was represented as follows: Esselte Corporation and Xyron, Inc. were represented in the US, and Esselte Leitz GMBH & CO. KG was represented in Germany, by Skadden, Arps, Slate, Meagher & Flom LLP, with a team comprised of Albab Dabela, Peter Neckles, Tiffany Tran Boydell, Jonathan Baumstark, Elaine Ziff; M. Oren Epstein, Jennifer Wilson, Jamie Hur; M. Horbach, M. Schanne and S. Koch. Esselte Canada Inc. was represented by McMillan Binch Mendelsohn LLP, with a team comprised of Stewart Ash, Kathy Martin, Patrice Beaudin and Beatrice Van Rutten.

Bank of America, N.A., was represented in Canada by Ogilvy Renault LLP with a team consisting of Kevin J. Morley, Arnold Cohen and Serge Levy, in the US by Parker, Hudson, Rainer & Dobbs LLP, with a team consisting of Bobbi Acord, Jonathan E. Bush and Rajesh Kini, and in Germany by Shearman & Sterling LLP, with a team consisting of J. Kremer, Kirsten Sassmann and Daniel Beck.