Quebecor World Gets Equipment Lease Financing of $86 Million
Press release from the issuing company
Dec 20, 2006 -- Montréal, Canada – Quebecor World announced today that it has entered into a long term equipment lease financing transaction with various financial institutions to fund approximately $86 million of state-of-the-art equipment currently being installed in the Company’s U.S. platform to better serve its customers. The new lease agreement allows the Company to further diversify its funding sources. The proceeds from the financing will serve to reduce indebtedness.
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