WSP Global Inc.

WSP Global Inc.

May 23, 2008 13:54 ET

GENIVAR amends its credit facilities

    MONTREAL, May 23  - GENIVAR Income Fund is pleased to
announce that it has successfully completed an amendment to its credit
facilities (the "Facility"). This amendment provides for, among other things:- the increase of the operating line from Cdn. $55,000,000 to
      Cdn. $80,000,000;

    - greater flexibility regarding the incurrence of capital expenditures;

    - greater flexibility with respect to the consummation of acquisitions by

    GENIVAR is a leading Canadian engineering services firm providing private
and public sector clients with a full range of professional consulting
services through all execution phases of a project including planning, design,
construction and maintenance. Its clients, which are of varying sizes, fall
into various market segments such as building, industrial and power, urban
infrastructure, transportation and environment. GENIVAR is one of the largest
engineering services firm in Canada in terms of number of employees with
approximately 2,800 managers, professionals, technicians and technologists and
support staff in over 60 offices in Canada and abroad.

Contact Information

  • Marlene Casciaro, Director of Communications,
    GENIVAR Income Fund, (514) 340-0046, ext. 5184