TransForce closes loan agreement with Solidarity Fund QFL
MONTREAL, May 27, 2008 – TransForce Inc. (TFI-T), a leader in Canada’s transportation and
logistics industry, announces the closing of the previously announced $100-million loan agreement
with Solidarity Fund QFL.
The loan is in the form of an unsecured debenture of TFI Holdings Limited Partnership a
wholly-owned subsidiary of TransForce Inc. and is repayable on October 30, 2013. It may be repaid,
without penalty, commencing one year after the date of disbursement of the loan, subject to the
approval of TransForce's syndicate of bank lenders. The loan bears interest at an annual rate of 9%,
TransForce intends to use the proceeds from the loan to support its program of strategic acquisitions.