RONA announces renewal and increase to US$950 million in its credit facility

On December 23, 2011, RONA announced having renewed and increased to $950 million its credit facility. The refinancing was carried out with a bank syndicate led by National Bank Financial, BMO Capital Markets, Desjardins Capital Markets and Scotia Capital in their capacity as co-lead arrangers and joint bookrunners, and with the National Bank of Canada acting as administrative agent. Eight other financial institutions also participated in the financing. Fasken Martineau represented the bank syndicate with a team that included David Lemieux and Alexandre Gagnon. Click for more information