GVIC Communications Corp.

April 06, 2009 16:30 ET

GVIC Reports Announces Amendment to Credit Facility

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2009) - GVIC Communications Corp. ("GVIC" or the "Company") (TSX:GCT) announces that it has completed the amendment to its senior credit facility with its lenders (three major Canadian chartered banks). The facility has been restructured from a revolver and line of credit into a single revolving loan facility with increased borrowing capacity. The restructured credit facility will mature on December 31, 2010 and enhances the Company's overall financial flexibility.

Shares in GVIC are traded on the Toronto Stock Exchange under the symbol GCT.

About the Company: GVIC Communications Corp. is an information communications company focused on expanding across North America through both internal growth and the strategic acquisition of information communications companies that provide essential information and related services through print, electronic and online media. GVIC is currently pursuing this strategy through two core business segments: 1) the business and professional information markets and 2) the newspaper and trade information markets.

Contact Information

  • GVIC Communications Corp.
    Mr. Orest Smysnuik
    Chief Financial Officer
    (604) 708-3264