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Press Room
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SGF Extends a $50 Millions Loan to Transcontinental
Montréal, July 28, 2009 — Société générale de financement du Québec (SGF) announces that it has concluded an agreement to extend a loan worth $50 million to Transcontinental Inc. in order to allow the company to pursue its development activities at an optimal level.
In recent years, Transcontinental became the leading printer in Canada and the country’s largest editor of consumer magazines and local and regional newspapers through a development plan focused on mergers and acquisitions as well as internal growth. The Company created also a new sector of communications marketing to meet the needs of its clients in term of mass marketing and personalized marketing. In this context, and given its broader mandate to support performing Québec-based companies, SGF is extending a five-year term loan.
"In the current economic context where the general conditions of financing are tightened, this financing will offer Transcontinental a better flexibility in the management of its activities while supporting its development", said Mr. Pierre Shedleur, SGF President and General Manager.
About Transcontinental
Transcontinental provides printing, publishing and marketing services that deliver exceptional value to its clients along with a unique, integrated platform for them to reach and retain their target audiences. Transcontinental is the largest printer in Canada and in Mexico, and the fifth largest in North America. It is also Canada’s leading publisher of consumer magazines and French-language educational resources as well as the country’s second-largest community newspaper publisher. Transcontinental’s digital platform delivers unique content through more than 120 websites. Its Marketing Communications Sector provides advertising services and marketing products using new communications platforms supported by database analytics, premedia, email marketing, and custom communications.
Transcontinental is a growing company with a culture of continuous improvement and financial discipline, whose values, including respect, innovation and integrity, are central to its operation. Transcontinental (TSX: TCL.A, TCL.B) employs approximately 13,500 employees in Canada, the United States and Mexico.
About SGF
Société générale de financement du Québec (www.sgfqc.com), an industrial and financial holding company, has a mission to carry out economic development projects, particularly in the industrial sector, in cooperation with partners and in compliance with accepted profitability requirements and with the economic development policy of the Québec government. As part of its new mandate, SGF is authorized by the Québec government to go beyond its traditional role as an equity investor by offering complementary solutions, such as loans, debentures or preferred capital-share investments.
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Source:
Sophie Alarie
Senior Adviser
Communications and Media Relations
Société générale de financement du Québec
Phone: 514 876-9368
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