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KeyBank provides financing to Vigor Industrial

February 2011

Client(s) KeyBank National Association

Jones Day advised KeyBank National Association, as administrative agent, in connection with a $145 million senior secured term loan facility and revolving credit facility for Vigor Industrial LLC, a leading provider of shipbuilding, ship repair, and marine and fabrication services in the Pacific Northwest, in connection with Vigor's tender offer and related merger with Todd Shipyards Corporation, a company that is engaged in the repair and overhaul, conversion, and construction of commercial and military ships.

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