International Paper Company (NYSE: IP) announced today that it raised approximately $470 million from a syndicate of banks to refinance the majority of its euro 500 million bank term loan, which had a maturity date of August 2009. The new term loan matures in March 2012.
AbitibiBowater Inc. today announced it has signed a non-binding agreement in principle with Hydro-Quebec for the sale of its 60 percent interest in the hydroelectric facility located on the Manicouagan River (the “Facility”), for gross proceeds of C$615 million.
US$ ABH (NYSE, TSX) – Net debt to be reduced by $2.4 billion – Annual interest expense to be reduced by $162 million – $350 million in new funds to be raised with new debt not maturing until 2014 – Business continuity for employees, trade creditors and customers – Pre-offer support of approximately 34% of existing note holders – Implementation of recapitalization expected to occur by early May 2009
Polestar is hosting a series of Open Days to launch ‘Intelligent Colour’, a powerful personalisation and digital printing service that will provide customers with a range of solutions from cross media to transactional mailing.
Expands Presence In Western Canada To Enhance Service In Virtual Datarooms, M&A, Debt and Equity Offerings, Private Placements, And Other Transactional And Compliance Communications
Infringer Must Pay Damages and Cease Production and Distribution
In challenging economic times there are not many examples of media companies who continue to invest in order to increase reader engagement and their efficiency as an advertising vehicle.
