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Article: S&P Rates Quebecor Printing $150 Million Senior Unsecured Debt BBB+
- Article from:
- PR Newswire
- Article date:
- July 30, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, July 30 /PRNewswire/ -- Standard & Poor's today has assigned its triple-"B"-plus rating to Quebecor Printing Capital Corp.'s US$150 million senior unsecured debt due 2027, which is being drawn down from a US$300 million senior unsecured shelf registration filed in January 1997. The issue is guaranteed by Quebecor Printing Inc.
The notes contain a provision allowing noteholders to require the issuer to repurchase all or part of the notes at par (100%) in 2004. The outlook is stable.
The proceeds will be utilized to refinance existing bank debt.
Ratings on Quebecor Printing Inc. reflect this leading Montreal-based commercial ...