Transcontinental obtains $100 million in financing from the Caisse de dépôt et placement du Québec



    MONTREAL, May 15 /CNW Telbec/ - Transcontinental announced today that it
has arranged a five-year loan for $100 million from the Caisse de dépôt et
placement du Québec. These new credit facilities give Transcontinental the
flexibility to pursue its development projects in its print, media and
marketing communications sectors in North America.
    "This commitment from la Caisse de dépôt et placement du Québec in
supporting the long-term growth of our organization is a sign of confidence
that we are very pleased with," said Benoît Huard, Vice President and Chief
Financial Officer of Transcontinental. "Given the current economic context in
which credit is more difficult to obtain, our disciplined financial management
is an undeniable advantage and has once again been recognized as such."
    "This investment is in line with our strategy of investing in companies
with a promising outlook," stated Normand Provost, the Caisse's Executive
Vice-President, Private Equity, and Chief Operating Officer. "Transcontinental
is a company with diversified operations. It has long-term contracts with many
customers and modern facilities, which are key attributes to ensure its
growth." In a context in which financing is more difficult to obtain, the
Caisse earmarked $1.5 billion at the end of 2008 to finance companies with a
promising outlook, in co-operation with the other actors involved in this
market. This transaction, which is the most recent in a series of deals
concluded over the years between the Caisse and Transcontinental, shows the
long-term benefits of partnerships.
    In terms of financing arrangements since the beginning of the year, in
addition to the $100 million loan from the Caisse, Transcontinental renewed
credit facilities of $125 million with its bank syndicate, obtained a loan of
$100 million in the form of unsecured debentures underwritten by the
Solidarity Fund QFL and extended a $300 million securitization program for an
additional year.

    About the Caisse de dépôt et placement du Québec

    The Caisse de dépôt et placement du Québec is a financial institution
that manages funds primarily for public and private pension and insurance
plans. As at December 31, 2008, it held $120.1 billion of net assets. The
Caisse is a world-class fund manager that invests in the main financial
markets as well as in private equity and real estate. The Caisse is one of the
largest investors in Québec, with $17.3 billion invested in almost 500
companies and more than 600 buildings in the province at the end of 2008. For
more information: www.lacaisse.com.

    About Transcontinental

    Transcontinental provides printing, publishing and marketing services
that deliver exceptional value to its clients and provide a unique, integrated
platform for them to reach and retain their target audiences. Transcontinental
is the largest printer in Canada and in Mexico, and fifth-largest in North
America. It is also the country's leading publisher of consumer magazines and
French-language educational resources, its second-largest community newspaper
publisher, and its digital platform delivers unique content through more than
120 Web sites. Its Marketing Communications Sector provides advertising
services and marketing products using new communications platforms supported
by database analytics, premedia, email marketing, and custom communications.
Transcontinental is a growing company with a culture of continuous improvement
and financial discipline, whose values, including respect, innovation and
integrity, are central to its operation.
    Transcontinental (TSX: TCL.A, TCL.B) has approximately 14,000 employees
in Canada, the United States and Mexico, and reported revenues of C$2.4
billion in 2008. For more information about the Corporation, please visit
www.transcontinental.com.




For further information:

For further information: Media: Maxim Labrie, Media Relations,
Transcontinental Inc., (514) 954-4176, maxim.labrie@transcontinental.ca;
www.transcontinental.com; Maxime Chagnon, Director, Media Relations, Caisse de
dépôt et placement du Québec, (514) 847-5493, mchagnon@lacaisse.com; Financial
Community: Jennifer F. McCaughey, Director, Investor Relations,
Transcontinental Inc., (514) 954-2821, jennifer.mccaughey@transcontinental.ca

Organization Profile

Transcontinental Inc.

More on this organization

News - Media

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890