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Maple Leaf Foods Completes $250 Million Debt Financing


TORONTO, Oct. 31, 2012 /PRNewswire/ – Maple Leaf Foods announced today that it
has completed an agreement with the Company’s syndicate of banks. The
agreement will increase the existing revolving credit facility by $250
increasing the total facility to $1.05 billion and will extend
the maturity of the facility by one year.

The facility is unsecured and will continue to bear interest based on
short-term interest rates. The financing, which matures on May 16,
, increases the weighted average term of the Company’s debt to 4.7
years. The facility will be used for general corporate purposes.

Maple Leaf Foods is a leading Canadian value-added meat, meals and
bakery company committed to delivering quality food products to
consumers around the world. Headquartered in Toronto, Canada, the
Company employs approximately 19,500 people at its operations across
Canada and in the United States, Europe and Asia.

SOURCE Maple Leaf Foods Inc.

Investor Contact: Nick Boland,
VP Investor Relations: 416-926-2005
Media Contact: 416-926-2020