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Banks May Be Pressuring Quebecor World

January 2008
MONTREAL—Quebecor World received conditional waivers from its lenders, amid speculation that Canadian bankers are leaning on parent company Quebecor Inc. to bail the printer out.

According to a Canadian Press report, Quebecor World must generate C$125 million in liquidity by January 15 and deliver a refinancing transaction, with commitments to satisfy lenders by the end of this month.

A viable alternative could be for Quebecor Inc. to provide the funds or co-sign a loan to keep Quebecor World in business.
 

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