Despite Difficult Economy, Transcontinental Improves Profitability

On July 28, 2009, Transcontinental announced that it had concluded two new financing arrangements for a total of $135 million. This included a five-year loan of $50 million from the Société générale de financement du Québec, and a six-year loan of €55.6 million ($85.7 million) with HypoVereinsbank, a major European bank, to be used to purchase production equipment over the next two years.