Transaction|December 9, 2008
Noteholders complete extension of Clearwater Seafoods notes
Torys acted as counsel to the noteholders with a team that included Don Roger, Bela Halasz and Vanessa Kee.
On December 9, 2008, a syndicate of noteholders (Teachers Insurance and Annuity Association of America, Manulife, Sun Life and Canada Life) completed the extension and amendment of C$63 million and US$20 million senior secured notes issued to them by Clearwater Seafoods LP. BMO and TD were the foreign exchange lenders.
Clearwater Seafoods LP, a Halifax-based subsidiary of Clearwater Seafoods Income Fund, harvests, processes and packages seafood.
Further information is found on Canada Newswire's website.