News - Abitibi-Consolidated Inc.
US$ ABWTQ (OTC) ABH (TSX) MONTREAL, May 7 /PRNewswire-FirstCall/ - AbitibiBowater Inc. ("AbitibiBowater" or the "Company") and its Abitibi-Consolidated Inc.
US$ ABH (NYSE, TSX) - New investor commits to backstop up to US$100 million of concurrent offering - Support of unsecured noteholders increases to approximately 39% of outstanding principal amount - Meetings of affected noteholders and lenders to be held April 30th MONTREAL, March 16 /PRNewswire-FirstCall/ - AbitibiBowater Inc.
US$ ABH (NYSE, TSX) - Net debt to be reduced by $2.4 billion - Annual interest expense to be reduced by $162 million - $350 million in new funds to be raised with new debt not maturing until 2014 - Business continuity for employees, trade creditors and customers - Pre-offer support of approximately 34% of existing note holders - Implementation of recapitalization expected to occur by early May 2009 MONTREAL, March 13 /PRNewswire-FirstCall/ - AbitibiBowater Inc.
By Beccy Tanner, The Wichita Eagle, Kan. Jan. 30--A national recycling program that had been in Wichita less than six months has pulled out, saying Wichita isn't producing enough waste paper.
Abitibi-Consolidated Inc. and Bowater Inc. will create North America's third-largest publicly traded pulp and paper company, the companies said Monday. The combined AbitibiBowater Inc., to be created in an all-stock deal, will have annual revenues of about $7.9 billion, the companies said.
