News

Quebecor World Inc. (Montreal) has issued a statement regarding its plan to emerge from bankruptcy, circumventing R.R. Donnelley’s latest acquisition bid. The company announced it is “proceeding on the timetable contemplated under its proposed reorganization plans so as to successfully emerge from both the U.S. and Canadian insolvency proceedings by mid-July 2009.”



Quebecor World has filed with the U.S. and Canadian courts term sheets containing material terms applicable to the various securities to be issued by Quebecor World upon implementation of its U.S. and Canadian “Plans of Reorganization” under Chapter 11 of the U.S. Bankruptcy Code and the Companies’ Creditors Arrangement Act. These consist of new Common Shares and Class A Preferred Shares, Series I and Series II Warrants and unsecured notes to be issued or guaranteed by Quebecor World. The company also posted on the Canadian Monitor’s website and filed with the Canadian Court a Second Amended and Restated Plan of Reorganization and Compromise.



The balloting deadline for affected creditors to vote on the U.S. plan is June 18, 2009, which is the same date on which affected creditors will be asked to vote on the Canadian plan at a meeting of creditors.



Quebecor World has posted and filed an updated disclosure exhibit providing information on the current status of the company’s views regarding the non-binding, unsolicited and conditional indication of interest for the acquisition of substantially all of its assets received from R.R. Donnelley, including the company’s views on R.R. Donnelley’s latest indication of interest received June 8, 2009.



See www.quebecorworld.com/restructuring.aspx.

http://americanprinter.com/news/syndicate/quebecor-world-restructuring-0610/