Postmedia gets tenders for C$6.53 million of 8¼% senior secured notes

By Susanna Moon

Chicago, Sept. 4 – Postmedia Network Canada Corp. said investors had tendered C$6,531,000 of 8¼% senior secured notes in the tender offer that ended at 11:59 p.m. ET on Aug. 31.

As announced Aug. 4, the company’s subsidiary Postmedia Network Inc. offered to buy up to C$17,235,000 of the 8¼% notes.

The purchase price is par plus accrued interest up to but excluding the purchase date of Sept. 4.

Postmedia was required to make the offer under the terms of the note indenture using the proceeds of a recently completed sale of property in Surrey, B.C.

Postmedia is a Toronto-based publisher of daily newspapers.

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