Torstar Corporation
TSX : TS.NV.B

September 08, 2005 17:41 ET

Torstar Debt Issue

TORONTO, ONTARIO--(CCNMatthews - Sept. 8, 2005) - Torstar Corporation (TSX:TS.NV.B) announced today that it has agreed to issue $100 million of private placement, medium term notes. The notes, maturing in 2009 and 2010, have been converted from fixed rate to floating rate pricing by way of interest rate swaps. Proceeds will be used to retire commercial paper debt.

About Torstar:

Torstar Corporation is a broadly based media company listed on the Toronto Stock Exchange (TS.nv.b). Its businesses include newspapers led by the Toronto Star, Canada's largest daily newspaper; CityMedia Group, publishers of daily and community newspapers in Southwestern Ontario; Metroland Printing, Publishing & Distributing, publishers of more than 75 community newspapers in Southern Ontario; and Harlequin Enterprises, a leading global publisher of women's fiction.

Torstar's news releases are available on the Internet at www.torstar.com

Contact Information

  • Torstar Corporation
    David P. Holland
    Executive Vice-President & CFO
    (416) 869-4031