Montreal -- Transcontinental Inc. today announced it has extended a $300 million securitization program for an additional year. The program, established in 2001, now matures in August 2010. Transcontinental will continue to sell some of its accounts receivables on a continuous basis to a trust managed by RBC Capital Markets. Terms and conditions of this extension reflect the current environment and remain attractive compared with other sources of financing.

“This announcement is another step in our financing plan for 2009,” said Benoit Huard, Vice-President and Chief Financial Officer, Transcontinental Inc. ``We are very pleased that our financial partners, RBC in this case, continue to demonstrate their confidence in Transcontinental, and recognize our disciplined approach to financial management, particularly considering current market conditions.”

Earlier this month, Transcontinental announced it had completed a private placement offering of $100 million in unsecured debentures underwritten by the Solidarity Fund QFL, a development capital fund based in Quebec.