Quebecor World Nears Financing Plan
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MONTREAL—Facing a Tuesday deadline to come up with U.S.$125 million in refinancing, Quebecor World was reportedly close to a “lifeline” deal with several banks, led by Royal Bank of Canada, The Canadian Press reported.
Quebecor World stocks on the Toronto Stock Exchange shot up 31 cents on news of the possible deal. Tuesday marks the first of several refinancing deadlines for the troubled printer. Company spokesman Tony Ross didn’t immediately return a phone call seeking comment.