Quebecor World Misses Financing Deadline

Summary


The Montreal company had until Sunday morning at 8 a.m. CST to satisfy "certain conditions" of the $400-million rescue financing agreement its parent Quebecor Inc. and Tricap Partners Ltd. announced earlier this week.

Quebecor Inc. and Tricap obtained an earlier extension, arguing they had made progress in negotiations with the printer's banking syndicate.

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Extract


Quebecor World Misses Financing Deadline

MONTREAL -- Quebecor World Inc., the struggling commercial pri...

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