Dorel Industries entered into a $450 million senior secured asset-based revolving financing with a group of institutional lenders, with Bank of Montreal serving as lead arranger, administrative agent and sole bookrunner. The new credit facility, which is guaranteed by certain of Dorel’s subsidiaries, will mature two years from the date of the initial advance thereunder and may be extended for additional one-year terms with the consent of the lenders.

Dorel Industries operates three distinct businesses in juvenile products, bicycles and home products.