Quebecor World USA gets tenders for $54.5 million of four notes series

By Jennifer Chiou

New York, Dec. 29 - Quebecor World (USA) Inc., a wholly owned subsidiary of Quebecor World Inc., announced it received tenders for $36 million of Quebecor World Capital Corp.'s $91 million 8.54% senior notes, series C, due Sept. 15, 2015 and none of the $30 million of 8.69% senior notes, series D, due Sept. 15, 2020 as well as $3.5 million of 8.42% senior notes, series A, due July 15, 2010 and $15 million of 8.52% senior notes, series B, due July 15, 2012.

The tender offers expired at 11:59 p.m. ET on Dec. 28. They began on Nov. 30.

The Montreal-based commercial printer said it would tender for up to a total of $125 million of notes.

The company noted that it will accept the series A and B notes only after having accepted for payment all validly tendered series C and D notes.

The company said it will pay par for all notes series, plus accrued interest up to but excluding the settlement date.

Those who tendered by 5 p.m. ET on Dec. 13, the early deadline, will receive the $20.00 early tender premium, which is included in the payout.

Citigroup Global Markets Inc. is the dealer manager (800 558-3745 or call collect 212 723-6106). Global Bondholder Services Corp. is the information agent and depositary (866 470-4300 or call collect 212 430-3774).

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