YELLOW PAGES INCOME FUND
TSX : YLO.UN

YELLOW PAGES INCOME FUND

March 09, 2009 09:02 ET

Yellow Pages Income Fund Extends the Term of its Revolving Credit Facility

MONTREAL, QUEBEC--(Marketwire - March 9, 2009) - Yellow Pages Income Fund (TSX:YLO.UN) announces that it has extended the term of the $500 million tranche of its core revolving credit facility by an additional year to May 2012. Combined with the $200 million revolving tranche, the full amount of the $700 million core revolving credit facility now matures in May 2012. This facility can be used for general corporate purposes and serves as back-up to the commercial paper program.

With the combination of the core revolving credit facility and the $450 million credit facility established in 2008, Yellow Pages Income Fund has access to $1.150 billion in long term committed bank lines, providing ample liquidity to fund its operations and to refinance the Series 1 Medium Term Notes maturing in April 2009.

About Yellow Pages Income Fund

Yellow Pages Income Fund indirectly holds an approximate 98% ownership interest in Yellow Pages Group and Trader Corporation. Yellow Pages Group is Canada's leading local commercial search provider. It publishes annually more than 340 Yellow Pages™ and residential directories. The Company owns and manages Canada's most visited online directories, YellowPages.ca™ (http://www.yellowpages.ca/) and Canada411.ca™ (http://www.canada411.ca/), as well as CanadaPlus.ca™ (http://www.canadaplus.ca/), a network of seven local city sites. Trader Corporation is a Canadian leader in print and online vertical media with over 160 publications and 20 web sites covering four product verticals: automotive, real estate, generalist, as well as employment and other. Its main print brands include Auto Trader™, Auto Hebdo™, The Bargain Finder™, Buy&Sell™, Renters News™ and Home Renters' Guide™, and its online destinations, AutoTrader.ca™ (http://www.autotrader.ca/), HomeTrader.ca™ (http://www.hometrader.ca/), and LesPAC.com (http://www.lespac.com/). For more information about the Fund, visit www.ypg.com.

Caution Concerning Forward-Looking Statements

This press release contains forward-looking statements about the financial conditions of the Fund. These statements are forward-looking as they are based on our current expectations, as at March 9, 2009. Our actual results could materially differ from our expectations if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that any forward-looking statements will materialize. We disclaim any intention or obligation to update any forward-looking statements, except as required by law, even if new information becomes available, as a result of future events or for any other reason.

Contact Information

  • Media
    Yellow Pages Income Fund
    Annie Marsolais
    Director, Corporate Communications
    514-934-4016
    annie.marsolais@ypg.com
    or
    Investor Relations
    Yellow Pages Income Fund
    Nicolas Lavoie
    Vice President, Finance and Treasurer
    ir.info@ypg.com