March 31, 2014

Héroux-Devtek announces amended and restated credit agreement

Héroux-Devtek, a leading Canadian manufacturer of aerospace products, has reached an agreement with a syndicate of banks to amend and restate its existing Credit Facility. Under the terms of the agreement, the Facility has been extended for a three-year period with a new maturity date set for March 16, 2019. The authorized amount has been increased from $150m to $200m, while the Facility could also be increased by an additional amount of $75m, subject to lenders’ consent. This Facility will be used for working capital, capital expenditures and other general corporate purposes of Héroux-Devtek and its subsidiaries, including acquisitions. This Facility will be secured by all assets of the Corporation and its subsidiaries, and will be subject to certain restrictive covenants and corporate guarantees granted by the Corporation and its subsidiaries.



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