Quebecor Media Inc.

Quebecor Media Inc.

April 12, 2006 11:37 ET

Quebecor Media Announces a Long Term Equipment Financing Program of Euros 59.4 Million

MONTREAL, CANADA--(CCNMatthews - April 12, 2006) - Quebecor Media Inc. announced today that it has concluded a long term committed credit facility with Societe Generale (Canada) for the Canadian dollar equivalent of euros 59.4 million. The drawings under this facility will finance the purchase by Quebecor Media of 6 MAN Roland printing presses. As announced in the third quarter of 2005, these state-of-the-art presses will mainly be used to print the Journal de Montreal, the Toronto Sun and the London Free Press.

The facility, which will be drawn over the course of the next 20 months and repaid over the following 8 years, is associated with a German export financing program and will provide funding at a very attractive interest rate. The facility will be secured by, among other things, a first ranking hypothec on the movable properties of the Company.

According to Mark D'Souza, Vice President Finance of Quebecor Media, "Combined with the important refinancing completed in January 2006, this facility will contribute to reducing the Company's financial expenses. This facility will also further diversify our sources of capital".

About Quebecor Media

Quebecor Media, a subsidiary of Quebecor Inc. (TSX: QBR.MV.A, QBR.SV.B), owns operating companies in numerous media-related businesses: Videotron ltee, the largest cable operator in Quebec and a major Internet Service Provider and provider of telephone and business telecommunications services; Sun Media Corporation, Canada's largest national chain of tabloids and community newspapers; TVA Group Inc., operator of the largest French language general-interest television network in Quebec, a number of specialty channels, and the English language general-interest station SUN TV; Canoe Inc., operator of a network of English- and French language Internet properties in Canada; Nurun Inc., an important interactive technologies and communications agency in Canada, the United States and Europe; companies engaged in book publishing and magazine publishing; and companies engaged in the production, distribution and retailing of cultural products, namely Archambault Group Inc., the largest chain of music stores in eastern Canada, TVA Films, and Le SuperClub Videotron ltee, a chain of video and video game rental and retail stores.

Contact Information

  • Quebecor Media Inc.
    Mark D'Souza
    Vice President, Finance
    (514) 380-1912
    Quebecor Inc.
    Luc Lavoie
    Executive Vice-President, Corporate Affairs
    (514) 380-1974
    (514) 886-7665 (cell)