TransForce Announces New Credit Facility

MONTREAL, July 13 /CNW Telbec/ - TransForce Inc. (TSX: TFI-T), the leader in the Canadian transportation and logistics industry, today announced that it has reached an agreement in principle with a syndicate of 15 lenders, led by National Bank of Canada as Administrative Agent and Sole Bookrunner and Royal Bank of Canada as Syndication Agent, for a new $650-million credit facility.

The credit facility comprises a C$200-million five-year term loan and a C$450-million revolving line of credit with an initial term of three years that can be extended by two one-year terms, subject to certain conditions.

Final documentation for the agreement is expected to be completed very shortly.

TransForce intends to use the credit facility for corporate purposes consistent with its established strategy.

Profile

TransForce Inc. (www.transforce.ca) is the leader in Canada's transportation and logistics industry. Headquartered in Montreal, Quebec, TransForce creates value for shareholders through managing and investing in a growing network of wholly-owned, operating subsidiaries. TransForce provides a comprehensive and unique combination of capabilities, resources and geographical coverage in both domestic and trans-border markets. Its companies currently operate in four well-defined business segments:

    
    - Less-Than-Truckload;
    - Package and Courier;
    - Specialized Services, which includes oilfield & oilsand services, waste
      management, logistics, fleet management & personnel services;
    - Truckload, Specialized Truckload and dedicated services.
    

TransForce Inc. shares are listed on the Toronto Stock Exchange under the symbol TFI.

Forward-Looking Statements

Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of TransForce. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for TransForce's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.

%SEDAR: 00026947EF

SOURCE TransForce Inc.

For further information: For further information: Investors: Alain Bédard, Chairman, President and CEO, TransForce Inc., (514) 331-4200, abedard@transforce.ca; Media: John Lute, Lute & Company, (416) 929-5883, jlute@luteco.com

Organization Profile

TransForce Inc.

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