DBRS Rates Transcontinental Inc.’s $250 Million Private Senior Unsecured Notes Issuance at BBB (low)

DBRS has today assigned a rating of BBB (low) with a Stable trend to Transcontinental Inc.’s $250 million notes issuance, due May 13, 2019.

The net proceeds from this offering are intended to be used to repay indebtedness outstanding under the Company’s bank facilitates and for general corporate purposes.

Note:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Companies in the Publishing Industry (July 2013), which can be found on our website under Methodologies.