Saskatchewan Wheat Pool Inc.

Saskatchewan Wheat Pool Inc.

August 10, 2007 13:05 ET

Pool Announces New Financing Agreement

REGINA, SASKATCHEWAN--(Marketwire - Aug. 10, 2007) - Saskatchewan Wheat Pool (TSX:SWP) today announced that it has entered into a credit agreement for a $600 million senior secured revolving credit facility through a syndicate of financial institutions led by GE Capital. The three-year operating line will provide the necessary funding to support the new company's working capital requirements.

The financing agreement replaces the Pool's existing $250 million line of credit and Agricore United's $550 million line of credit and may be extended at the option of the company for an additional two years.

"This operating line provides the new company with the financial capacity it requires to meet the needs and deliver the value to our expanding customer base here and around the globe" said Saskatchewan Wheat Pool President and CEO Mayo Schmidt. "It is one more milestone in integrating the capital structures of these two agricultural leaders."

Saskatchewan Wheat Pool Inc. is Canada's leading publicly traded agri-business, with extensive operations and distribution capabilities across Western Canada, and with operations in the United States and Japan. The Pool is diversified into sales of crop inputs and services, grain handling and marketing, livestock production services, agri-food processing and financial services. These operations are complemented by value-added businesses and strategic alliances, which allow the Pool to leverage its pivotal position between Prairie farmers and destination customers. The Pool's common shares are listed on the Toronto Stock Exchange under the symbol SWP.

Contact Information