U.S. Bank National Association completes amendment and extension to US$265 million senior secured asset-based credit facilities established in favour of the Animal Health International Group of Companies

On March 28, 2014, Animal Health International, Inc. and certain of its subsidiaries, as U.S. borrowers, and Kane Veterinary Supplies Limited, as Canadian borrower (collectively, Animal Health Group) entered into a first amendment to their existing U.S. and Canadian senior secured asset-based revolving credit facilities established with U.S. Bank National Association, as administrative agent, in the aggregate principal amount of US$265,000,000.

Animal Health Group is one of the largest distributors of veterinary products in the U.S., selling pharmaceuticals, vaccines, medical equipment and supplies, animal feed and supplements to retailers, veterinarians, and the livestock industry. Altogether it sells more than 40,000 products from over 1,500 suppliers, with distribution facilities located in both Canada and the U.S.

On June 13, 2011, Animal Health International, Inc. was formed from the acquisition by Lextron, Inc. of all of the outstanding common shares of its publicly-traded competitor, Animal Health International, Inc., for a total purchase price of $251 million, and with the new combined company operating under the umbrella of the Animal Health International, Inc. name.

U.S. Bank National Association was represented in Canada by Norton Rose Fulbright Canada LLP (David Amato, Serge Levy and Victoria Everett).