Transcontinental Arranges Credit, Buys Presses

The printer also signed two new financing agreements for a total of C$135 million. One of these is a five-year term loan of C$50 million arranged with the Société générale de financement du Québec. The other is with HypoVereinsbank, a major European bank, for six-year financing of C$85 million, which will be used to buy production equipment over the next two years.