Quebecor World -- Back on Top of Its World

The pride of Montreal, which posted sales of approximately $5.7 billion in 2007—a loss of about $300 million from the previous campaign—is just about ready to retake its place among the ranks of fiscally viable printing companies with strong balance sheets. As of mid-October, the company was to start discussing terms of a bankruptcy exit plan with creditors (including exit financing), which would be followed by entering into a term sheet with its biggest stake holders.