Log In | Become a Member | Contact Us

Leading printing executives into the future

Connect on Twitter | Facebook | LinkedIn

Featured:     European Coverage     Production Inkjet Analysis

Quebecor World Announces Tender Offer for Quebecor World USA Notes

Wednesday, November 05, 2003

Press release from the issuing company

MONTREAL--Nov. 4, 2003--Quebecor World Inc. announced today that its wholly-owned subsidiary, Quebecor World (USA) Inc., has commenced a tender offer to purchase all $300,000,000 aggregate principal amount outstanding of its 7 3/4% Senior Notes due February 15, 2009 at a price of $1,054.63 per $1,000 principal amount of Notes, in cash, plus accrued and unpaid interest on the Notes to, but not including, the date of payment. A portion of the proceeds from the $600 million of senior notes recently issued by another Quebecor World Inc. subsidiary, Quebecor World Capital Corporation, will finance this repurchase of debt. The tender offer will expire at 5:00 p.m., Eastern Standard Time, on November 10, 2003, unless extended. Citigroup is the dealer manager for the tender offer. Global Bondholder Services Corporation is the information agent for this offer.




Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2016 WhatTheyThink. All Rights Reserved