Tuesday, April 14, 2009

Quebecor Reaches Agreement with Creditors

Quebecor, which filed for Chapter 11 bankruptcy in January of 2008, announced an agreement with its creditors. Details were not available, but the firm said the accord will “substantially deleverage” the company. Quebecor said it will file an official reorganization plan by the end of April and is on track to emerge from bankruptcy perhaps as early as mid-July.

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