Transcontinental Puts in Place a New $400 Million Credit Facility
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MONTREAL—Feb. 20, 2012—Transcontinental Inc. announced that it has put in place a new $400 million (CAD) five-year unsecured revolving credit facility that expires in February 2017. This facility can be extended on an annual basis for one-year periods, subject to lenders’ approval. It was arranged by a group of eight financial institutions led by the Canadian Imperial Bank of Commerce and Scotiabank.
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