Quebecor extends $1 billion in revolving credit
A
Quebecor World product story
Edited by the Printingtalk editorial team
Nov 10, 2004
Quebecor World has renewed and extened its $1 billion revolving credit facility with a global syndicate of financial institutions.
Quebecor World has renewed and extened its $1 billion revolving credit facility with a global syndicate of financial institutions.
The multi-currency, cross-border facility matures on November 7, 2007.
The agreement is in addition to the company's previously announced renewal of its U S trade receivables securitisation programme.
The $510 million programme is extendable on an annual basis and has been extended to September 28, 2005.
The programme was amended to give Quebecor World the option to extend the term of the programme for an additional year.
The renewal and extension of the securitisation program and the $1 billion credit facility provides the company with additional liquidity and financial flexibility it said.
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