Montreal -- Transcontinental announced today that it has signed two new financing agreements for a total of $135 million. One of these is a five-year term loan of $50 million arranged with the Société générale de financement du Québec. The other is with HypoVereinsbank, a major European bank, for six-year financing of $85 million, which will be used to buy production equipment over the next two years.

Along with these two new financing agreements, Transcontinental has obtained an additional $25 million in the one-year credit facilities recently arranged with its bank syndicate. This new amount is in addition to the $125 million previously announced on May 5, 2009. This gives Transcontinental an extra buffer in the management of its capital expenditures, working capital and other specific needs.

"We are very pleased that these institutions have such confidence in us," said Beno"t Huard, Vice President and Chief Financial Officer of Transcontinental. "These new credit facilities give Transcontinental greater flexibility and diversify its sources of financing. They show, once again, that our disciplined approach to financial management and development strategy for our Print, Media and Marketing Communications sectors are recognized by the financial community."