AbitibiBowater Still looking for Capital

Debt-laden AbitibiBowater desperately seeking capital for operations. The Canadian government will secure $100million. The company remains the largest producer in the world of Newsprint (45% market share in USA) and 16,000 employees – the firms is burning through $200million per month. AbitibiBowater acquired approximately $6billion in debt when the company bought Bowater. The sluggish demand for newspapers has hurt newsprint sales.