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Quebecor World USA tenders for up to $125 million of four notes series
By Jennifer Chiou
New York, Nov. 30 - Quebecor World (USA) Inc., a wholly owned subsidiary of Quebecor World Inc., announced the start of cash tender offers to purchase any and all of Quebecor World Capital Corp.'s $91 million 8.54% senior notes, series C, due Sept. 15, 2015 and $30 million 8.69% senior notes, series D, due Sept. 15, 2020 as well as some 8.42% senior notes, series A, due July 15, 2010 and 8.52% senior notes, series B, due July 15, 2012.
The Montreal-based commercial printer said it will tender for up to a total of $125 million of notes.
The company noted that it will accept the series A and B notes only after having accepted for payment all validly tendered series C and D notes.
The company said it will pay par for all notes series, plus accrued interest up to but excluding the settlement date.
Those who tender by 5 p.m. ET on Dec. 13, the early deadline, will receive the $20.00 early tender premium, which is included in the payout.
The tender offers will expire at 11:59 p.m. ET on Dec. 28.
Citigroup Global Markets Inc. is the dealer manager (800 558-3745 or call collect 212 723-6106). Global Bondholder Services Corp. is the information agent and depositary (866 470-4300 or call collect 212 430-3774).
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