TransForce Extends Loan Agreement with Solidarity Fund QFL
Montreal, May 12, 2010 – TransForce Inc. (“TransForce” or “the Company”) (TSX: TFI - T), the
leader in the Canadian transportation and logistics industry, today announced the extension and
amendment of its $100-million loan agreement with Solidarity Fund QFL.
The term of the loan has been extended and is now repayable on October 30, 2017. The new
interest rate on the loan is 7.75%, payable monthly. The loan, originally provided in May 2008, is in
the form of an unsecured debenture of TFI Holdings Limited Partnership, a wholly-owned subsidiary
of TransForce Inc.
The debenture may be repaid, without penalty, commencing two years after the commencement
date of the amended loan, subject to the approval of TransForce's syndicate of bank lenders.
TransForce intends to continue to use the loan for general corporate purposes.