Acquisitions Boost Transcontinental’s Revenues; Agreement with Hearst Renegotiated

Financial highlights

The adjusted net indebtedness ratio improved from 1.48x as at Oct. 31, 2011, to 1.32x as at Oct. 31, 2012. Under its share purchase program, as at October 31, 2012, the Corporation bought back 2,011,600 of its Class A Subordinate Voting Shares at a weighted average price of $8.86, for a total consideration of $17.8 million. Transcontinental Inc. also put in place a new five-year unsecured term-credit facility of $400 million which matures in February 2017. An amount of $194.9 million was drawn on this facility as at October 31, 2012.