MONTREAL, May 5 /CNW Telbec/ - Transcontinental Inc. today announced that
it has reached an agreement with its bank syndicate to renew credit facilities
of $125 million for one year, giving it additional leeway in managing its
working capital and capital expenditures or to meet any other specific need.
"Given the current financial context, we are especially proud to have
finalized the renewal of these credit facilities," stated Benoît Huard, Vice
President and Chief Financial Officer of Transcontinental. "This agreement
once again confirms the financial market's confidence in our company and its
financial strength, as well as its recognition of our development strategy and
our outlook for the future. Finally, we are well on our way to reaching other
financing agreements very soon, which will provide us with even more
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 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
For further information:
For further information: Media: Maxim Labrie, Media Relations,
Transcontinental Inc., (514) 954-4176, email@example.com;
Financial Community: Jennifer F. McCaughey, Director, Investment Relations,
Transcontinental Inc., (514) 954-2821, firstname.lastname@example.org;