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Published on 10/12/2012 in the Prospect News Canadian Bonds Daily and Prospect News Liability Management Daily.

Postmedia to redeem senior secured notes due 2017 via property sale

By Tali David

Minneapolis, Oct. 12 - Postmedia Network Canada Corp. plans to use the C$23.2 million of proceeds from its Don Mills Road property sale to redeem an equal amount of senior secured notes due 2017, according to a press release.

The Don Mills, Ont., holding company publishes paid English-language daily newspapers through its subsidiary, Postmedia Network Inc.


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