Supremex Inc.
TSX : SXP

Supremex Inc.

December 02, 2009 16:30 ET

Supremex Income Fund Announces Renewed and Amended Credit Facility

MONTREAL, QUEBEC--(Marketwire - Dec. 2, 2009) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE

Supremex Income Fund ("Supremex"), Canada's largest provider of stock and custom manufactured envelopes (TSX:SXP.UN), announced today that it has renewed and amended its bank credit agreement (the "Amended and Restated Credit Agreement") with TD Securities Inc., Caisse centrale Desjardins, GE Capital Markets (Canada) Ltd., Bank of Montreal and Business Development Bank of Canada. The credit facility, renewed with more restrictive conditions, matures on January 4, 2012 and consists of a $35 million revolving facility and a $75 million term credit facility. In consideration of this amendment, the variable interest rate applicable to borrowings outstanding was increased by 262 basis points.

This release should be read with the Amended and Restated Credit Agreement filed on SEDAR at www.sedar.com under Supremex' issuer profile.

About Supremex

Supremex Income Fund is Canada's largest manufacturer and marketer of a broad range of stock and custom envelopes and related products. Supremex is the only national envelope manufacturer in Canada with facilities in seven provinces and employs approximately 650 people. This nationwide presence enables it to manufacture products tailored to the specifications of major national customers such as leading Canadian corporations, national resellers and governmental entities, as well as paper merchants and process and solutions providers.

Contact Information

  • Supremex Income Fund
    Stephane Lavigne, CA
    Vice-President and Chief Financial Officer
    514-595-0555