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Abitibibowater INC. - English
AbitibiBowater Responds To Proposed $100 Million Investissement Quebec Guarantee
May 1st, 2009
AbitibiBowater Inc. ("AbitibiBowater") and its Abitibi-Consolidated Inc. ("Abitibi") subsidiary today responded to the announcement by Investissement Quebec regarding its intention to guarantee a maximum amount of $100 million of supplemental funding to Abitibi through a credit facility to be put in place by a Canadian bank (the "Lender"). The proposed financing and guarantee is subject to the approval of the Courts in Canada as well as negotiation of specific terms with the Lender and Investissement Quebec and execution of definitive agreements. "AbitibiBowater and its employees appreciate the confidence in our restructuring initiatives and the ongoing demonstration of...
Source: Health Business Week (2009-05-01)
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