MONTREAL, June 27, 2013 /CNW Telbec/ - TransForce Inc. (TSX: TFI ), a North American leader in the transportation and logistics industry, today announced it has signed an agreement with its banking syndicate to amend and extend its existing credit facility. The agreement provides greater capital management flexibility for TransForce. Under the terms of the agreement, the $800 million credit facility has been extended by one year to August 2016 and can be further extended annually. The new agreement also provides more advantageous terms and covenants for TransForce with regards to maintaining certain financial ratios as well as proceeding with additional external borrowings should TransForce remain compliant with covenants. The applicable interest rate is unchanged. TransForce intends to use the credit facility for corporate purposes consistent with its established operating strategy.