Leadership, Financing Troubles Quebecor World

Last year definitely ended on a sour note for Quebecor World. Shareholders of Netherlands-based RSDB NV voted down the proposed C$341 million purchase of Quebecor World’s European printing business, leaving North America’s second-largest printer in precarious financial straits.

The company received conditional waivers from its lenders through March that require it to secure $125 million in liquidity by January 15 and provide a refinancing transaction by month’s end.