CAE secures five-year US$400 million and (euro) 100 million credit facility

CAE secures five-year US$400 million and (euro) 100 million
credit facility 


MONTREAL, July 11  /PRNewswire-FirstCall/ -- (NYSE: CGT; TSX: CAE) - CAE today
concluded an agreement for a committed five-year revolving credit facility of
US$400 million and (euro) 100 million, to replace its existing facility due to
expire in April 2006.

Scotia Capital, BNP Paribas and WestLB AG are lead arrangers for the new credit
facility, which includes a syndicate of 15 Canadian, U.S. and international
banks.

"Our bankers have shown confidence by oversubscribing to this financing, and we
are encouraged by their five-year commitment. We are also pleased to have
secured comparable terms and conditions to our previous agreement," said Alain
Raquepas, CAE's Chief Financial Officer. "Our restructuring efforts have gone a
long way to strengthen CAE's financial position. While many challenges remain
in this transition year, we hope to position the Company well for fiscal year
2007 and beyond."

The new revolving credit facility will expire in July 2010. It maintains CAE's
borrowing flexibility, while recognizing the Company's normal use of operating
leases and project financings.

CAE is a leading provider of simulation and modelling technologies as well as
integrated training services for commercial and business aviation, and defence
customers worldwide. The company has annual revenues of approximately C$1
billion, with operations and training facilities in 17 countries on five
continents. 

DATASOURCE: CAE INC.



CONTACT: Media contacts: Nathalie Bourque, Vice President, Global

Communications, [phone],  ; Anne von

Finckenstein, Manager, Public Relations, [phone],

 ; Investor relations: Andrew Arnovitz,

Director, Investor Relations, [phone],  ; On

the Web: http://www.cae.com/

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