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Legumex Walker Announces Integration and Expansion of HSBC Credit Facilities

Legumex Walker Announces Integration and Expansion of HSBC Credit Facilities 
WINNIPEG, Oct. 2, 2013 /CNW/ - Legumex Walker Inc. (TSX: LWP) (the "Company") 
today announced that it successfully closed the integration of its credit 
facilities with HSBC Bank Canada ("HSBC") and HSBC Bank USA ("HBUS") effective 
September 30, 2013 and expanded its operating facilities with the Honkong 
Shanghai Banking Corporation Limited ("HSBC Hongkong"). (All figures are in 
Canadian dollars unless otherwise stated.) 
The Company will continue to access a US$10 million operating loan facility 
with HBUS and a $51 million credit facility with HSBC. However, the 
borrowing base is now calculated on a North American basis consistent with the 
HSBC operating facility, which simplifies the Company's ability to access the 
combined credit facilities of about $61 million through HSBC. The HBUS 
facility continues to carry an interest rate based on 30-day LIBOR plus three 
percent, and the Canadian facility continues to carry interest at HSBC's prime 
lending rate plus 0.5 percent on Canadian advances and HSBC's U.S. base rate 
plus 0.5 percent on U.S.-dollar advances. 
"Integrating the management of our credit facilities with HSBC in Canada and 
the U.S. will allow us to more easily finance our working capital needs as we 
head into the fourth quarter," said Joel Horn, President and Chief Executive 
Officer, Legumex Walker Inc. "The realignment of the facilities provides us 
with more financial flexibility to support our operations on both sides of the 
border." 
In addition, HSBC Hongkong increased the operating facility available to the 
Company's wholly-owned subsidiary, Legumex Walker China Limited ("LW China"), 
from US$4.75 million to US$7.75 million and added a US$2 million Invoice 
Discounting and Factoring Agreement priced at 2.75 percent over three-month 
LIBOR. "The expansion of the HSBC Hongkong facility provides self-sustaining 
support for the ongoing growth in LW China's operations, including the 
commissioning of a new processing plant in Dalian, China during the fourth 
quarter," Mr. Horn added. 
The Company has other credit facilities which are described in its Management 
Discussion and Analysis for the period ended December 31, 2012. 
About Legumex Walker Inc. 
Legumex Walker is a growth-oriented processor and merchandiser of pulses 
(lentils, peas, beans and chickpeas), other special crops and canola products. 
The Company is one of the largest processors of pulses and other special crops 
in Canada. Legumex Walker has 14 processing facilities strategically located 
in key growing regions in the Canadian Prairie Provinces, the American 
Midwest, and China, global sales, logistics, and distribution platform and 
access to multimodal transportation capabilities. In addition, the Company has 
an 85 percent interest in Pacific Coast Canola, LLC, which operates the first 
and only commercial-scale canola oilseed processing facility west of the Rocky 
Mountains. 
Cautionary Note on Forward-looking Statements 
This press release contains certain forward-looking statements which include 
statements with respect to the future utilization of the Company's credit 
facilities. Such forward-looking statements involve known and unknown risks, 
uncertainties and other factors which may result in the credit facilities not 
being available or utilized to the extent anticipated and are based on the 
assumption that the Company will continue to satisfy the covenants under the 
credit facilities. Such risks and uncertainties include, among others, the 
risk that the Company will not be able at all relevant times to satisfy all 
covenants under the credit facilities as well as those factors referred to in 
the section entitled "Risk Factors" in the Company's Management's Discussion 
and Analysis for the period ended December 31, 2012 and the Company's 2013 
Annual Information Form, which are available on SEDAR at www.sedar.com. There 
can be no assurance that forward-looking statements will prove to be accurate 
as actual results and future events could differ materially from those 
anticipated in such statements. Accordingly, readers should not place undue 
reliance on forward-looking statements. Although the Company believes the 
assumptions inherent in forward-looking statements are reasonable, undue 
reliance should not be placed on these statements, which only apply as of the 
date of this press release. The Company expressly disclaims any intention or 
obligation to update or revise any forward-looking statements, whether as a 
result of new information, future events or otherwise, except in accordance 
with applicable securities laws.
 

SOURCE  Legumex Walker Inc. 
INVESTOR & MEDIA RELATIONS: 
Marin Landis Investor Relations - Legumex Walker marinl@legumexwalker.com 
(206) 535-2427 
Lawrence Chamberlain TMX Equicom lchamberlain@equicomgroup.com (416) 815-0700 
ext. 257 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2013/02/c6462.html 
CO: Legumex Walker Inc.
ST: Manitoba
NI: AGR  
-0- Oct/02/2013 11:00 GMT
 
 
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