Quebecor World has announced they have received court approval for $1 billion in debtor-in-possession financing: a term loan of $600 million and a revolving loan facility of $400 million. The announcement stated, "this level of liquidity and favourable cash flow performance reflects the company's clear direction towards emerging from creditor protection as a strong and stable enterprise." That's a lot of debt; a lot of publishers wish them well.
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Catherine Mintz
- Catherine Mintz WebsitesOrigami Unicorn, news, reviews, essays; Catherine Mintz, a commentary on things of interest. Origami Unicorn is copyright 2006-24. Catherine Mintz is copyright 2006-24.
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