Quebecor World Renews and Extends $1 Billion Bank Facility
Press release from the issuing company
MONTREAL--Dec. 15, 2005-- Quebecor World Inc. is pleased to announce it has renewed and extended its $1 billion bank credit facility through to January 30, 2009. The terms and conditions are similar to the previous agreement and the obligation ranks pari passu with other senior unsecured indebtedness of Quebecor World Inc. The three-year agreement was arranged by RBC Capital Markets and includes two new major international banks as well as 13 of the 14 previous lenders.
"We are pleased and appreciate that the vast majority of our lenders have renewed their commitment to the Company and we welcome the two new participants," said Jacques Mallette, Executive Vice-President and Chief Financial Officer, Quebecor World. "This renewed long-term commitment provides us with appropriate financial flexibility and liquidity to support our world-wide operations going forward."
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