Alliance Grain Traders Inc. Announces $130 Million Senior Secured Credit Facility


REGINA, Dec. 30, 2011 /CNW/ - Alliance Grain Traders Inc. ("AGT") today announced that its wholly-owned subsidiary, Alliance Pulse Processors Inc. ("APP"), has entered into a $130 million senior secured credit facility with The Bank of Nova Scotia and a syndicate of two other banks, HSBC Bank of Canada and Rabobank Nederland (Canadian Branch).

"This credit facility is expected to allow us to continue our growth plans around the world. Even in this difficult credit environment, the strength of our business and balance sheet has allowed us to work with our lenders to arrange this new financing that, we feel, will strengthen our competitive advantage," said Mr. Murad Al-Katib, President and CEO of AGT. "We will continue to use our credit facilities as appropriate to drive our asset and global growth plans, building on the confidence our lenders have shown in us and our strategy."

"This facility solidifies our financing for working capital in Canada, the U.S. and Australia and is part of a strategy that we expect will continue in 2012 to refine and solidify our global financing facilities. As a global company, our credit needs must be satisfied by lenders with a global reach.  We are pleased with our partners on this facility," added Mr. Huseyin Arslan, Executive Chairman of AGT.

The credit facility will be used for general corporate purposes as well as to retire AGT's existing $60 million Bank of Nova Scotia facility and has a revolving period that ends on April 30, 2012. This period may be extended at the request of APP on the consent of the syndicate and subject to certain other terms and conditions. It is the current intention of APP to request annual renewal of this facility as per the renewal clause in the credit agreement. If the revolving period is not extended by the borrower or the lenders, the credit facility will convert to a one year non-revolving term loan.

The terms of the credit facility are consistent with market standards for the industry and include customary conditions, covenants and representations and warranties. The credit facility will be guaranteed by AGT and certain of APP's wholly-owned subsidiaries. Scotia Capital served as Lead Arranger and Bookrunner, with The Bank of Nova Scotia acting as Administration Agent.

Alliance Grain Traders Inc. Profile

Alliance Grain Traders Inc. (AGT) is a value-added pulse, staple food and ingredient processor for export and domestic markets. Through its offices and processing facilities located in some of the best agricultural growing regions in Canada, the U.S., Turkey, China, Australia and South Africa and merchandising and sales offices in the U.K., the Netherlands and Spain, AGT produces a full range of pulses and specialty crops including lentils, peas, chickpeas, beans and canary seed as well as food ingredients such as pulse flours, proteins, starches and fibres.  Through its subsidiaries in Turkey, the Arbel Group, AGT also produces staple foods such as Arbella Pasta, rice, and milled wheat products, including bulgur and semolina.

Cautionary Statements

Certain statements in this press release are forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by AGT at the time of preparation, may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of AGT (including its operating subsidiaries) to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the actual results of harvests, fluctuations in the price of lentils and other crops, failure of plant, equipment or processes to operate as anticipated, accidents or labour disputes, risks relating to the integration of acquisitions or to international operations, as well as those factors referred to in the section entitled "Risk Factors" in the Annual Information Form of AGT dated March 28, 2011 which is available on SEDAR at, and which should be reviewed in conjunction with this document. Although AGT has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.  AGT expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

SOURCE Alliance Grain Traders Inc.

For further information:

Investor Relations
Omer Al-Katib
(306) 244-1318

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