Leadership, Financing Troubles Quebecor World

The commitments would lower Quebecor World’s current credit facility to US$500 million by February 29, repay its current facility and terminate its North American securitization program by June 30.

Adam Shine, an analyst for National Bank Financial, said in a report that, while a sale of the company remains the most logical solution, Quebecor World needs to resolve its credit issues first.