Quebecor World Consolidates Divisions

The deal sees HHBV assume approximately $100.9 million of net debt, and a $32.6 million five-year note bearing interest at 7 percent per year, which will remain payable to Quebecor World post-closing.

Last December, Quebecor World thought it had an agreement with RSDB for a sale price of $213 million, but that deal was squelched by RSDB’s shareholders. That transaction would have given Quebecor World about a 30 percent stake.