BMO is administrative and collateral agent in US$450m global credit facility for Dorel Group
Canada | July 05, 2021
Client: Bank of Montreal
Our Montreal, Toronto, London, Amsterdam, Frankfurt and Sydney offices acted as counsel to Bank of Montreal, as administrative and collateral agent, in its US$450m senior secured global credit facility to the Dorel group of companies.
Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating three distinct businesses in juvenile products, bicycles and home products. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi, Quinny and Tiny Love, complemented by regional brands such as Safety 1st, Bébé Confort, Cosco and Infanti. Dorel Sports brands include Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture. Dorel has annual sales of US$2.8bn and employs approximately 8,200 people in facilities located in twenty-five countries worldwide.
Dorel Industries Inc. (TSX: DII.B, DII.A) is a global organization, operating three distinct businesses in juvenile products, bicycles and home products. Dorel Juvenile’s powerfully branded products include global brands Maxi-Cosi, Quinny and Tiny Love, complemented by regional brands such as Safety 1st, Bébé Confort, Cosco and Infanti. Dorel Sports brands include Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse. Dorel Home, with its comprehensive e-commerce platform, markets a wide assortment of domestically produced and imported furniture. Dorel has annual sales of US$2.8bn and employs approximately 8,200 people in facilities located in twenty-five countries worldwide.