Unisource Obtains US$575M Senior Secured Revolving Credit Loans

On August 4, 2009, Unisource Worldwide Inc., Graphic Communications Holdings Inc. and Unisource Canada Inc., as borrowers, and UWW Holdings Inc. and its subsidiaries from time to time party thereto, as guarantors, entered into a credit agreement under which the borrowers obtained Canadian and US senior secured revolving credit loans in an aggregate amount of US$575 million arranged by Bank of America N.A. (BofA), as administrative agent, collateral agent, and a lender together with a syndicate of other lenders. The proceeds were used by the borrowers to refinance the indebtedness outstanding under the existing credit agreement dated as of November 27, 2002, entered into by the borrowers with BofA and the lenders party to such agreement. This credit facility will also be used by the borrowers to finance working capital purposes and for other general corporate purposes.

Unisource Worldwide is the leading independent marketer and distributor of commercial printing and business imaging papers, packaging systems, and facility supplies and equipment in North America. Headquartered in Norcross, Georgia, Unisource Worldwide is one of the largest private companies in the United States and offers the most comprehensive suite of products and services in the industry.

BofA was represented in Canada by Ogilvy Renault LLP, with a team comprised of Kevin J. Morley, Arnold Cohen and Michèle Friel, and in the United States of America by Kaye Scholer LLP, with a team including Albert Fenster, Gary Bernstein, Sheryl Gittlitz and Kelli Keenan.

The borrowers and the guarantors were represented in the US by Kirkland & Ellis LLP, with a team consisting of Christopher Butler, Amy Peters and Maureen Dixon. The Canadian team is undisclosed.