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Article: GE Capital Joint Leads $800 Million Exit Financing for Quebecor World Inc.(Company overview)
- Article from:
- Investment Weekly News
- Article date:
- August 8, 2009
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GE Capital announced it acted as co-agent on an $800 million exit financing for the U.S. and Canadian businesses of Quebecor World Inc., a worldwide leader in commercial printing. GE Capital Markets and GE Capital Markets (Canada) Ltd. acted as joint-lead arrangers.
The loan will be used to support the company's exit from bankruptcy protection under both a Plan of Reorganization (under Chapter 11 of the US Bankruptcy Code) and a Plan of Arrangement (under Canada's Companies' Creditors Arrangement Act) by refinancing the company's existing debtor in possession (DIP) loans and by providing liquidity to support the company's operations going forward.
Based ...