TransForce to Redeem 5.65% Convertible Unsecured Subordinated Debentures

Montreal, Quebec, September 9, 2014 – TransForce Inc. (TSX: TFI), a North American leader in the transportation and logistics industry, today announced that it has sent a notice to Computershare Trust Company of Canada, as trustee under the Trust Indenture dated November 19, 2010 and First Supplemental Indenture dated September 7, 2011 between TransForce and Computershare, to the effect that TransForce will redeem, as of October 9, 2014, all of the aggregate principal amount of $85 million of its outstanding 5.65% convertible unsecured subordinated debentures.  Upon redemption, TransForce will pay the aggregate principal amount of $85 million, plus all accrued and unpaid interest thereon to but excluding the redemption date.  The debentures are listed on the Toronto Stock Exchange under the symbol “TFI.DB.A”.

The redemption price will be payable upon presentation and surrender of the debentures called for redemption at the following corporate trust office:

Computershare Trust Company of Canada
1500 University Street, 7th Floor
Montreal, Québec, H3A 3S8

Attention:  Manager, Corporate Trust

Beneficial holders of debentures should contact their investment dealer to coordinate the surrender of their debentures.

The interest upon the principal amount of debentures called for redemption will cease to be payable from and after the redemption date.

Holders of the debentures have the right to convert their debentures, at their option, into TransForce common shares at a conversion price of $22.10 per share, representing a conversion rate of 45.2489 TransForce shares per $1,000 principal amount of debentures.

A full description of the redemption process as well as of the right of holders to convert their debentures into TransForce common shares is set out in TransForce’s final short-form prospectus dated August 30, 2011.  Holders of debentures should also refer to the Trust Indenture dated November 19, 2010 and First Supplemental Indenture dated September 7, 2011.  All of the foregoing documents are available under TransForce’s profile on SEDAR at

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.