Torstar Corp. - Medium Term Note issuance.TORONTO--(BUSINESS WIRE)--April 22, 1997--(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME TS.B., OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. TORSF.) Torstar Corporation announced today that its Board of Directors has approved the filing of a preliminary shelf prospectus relating to a $200 million Medium Term Note Issuance Facility Note issuance facility (NIF) An agreement by which a syndicate of banks indicates a willingness to accept short-term notes from borrowers and resell these notes in the Eurocurrency markets. ("MTN MTN A short-form for Medium Term Note. MTN Medium term notes issued by corporations, much like shorter-term commercial paper. MTN See medium-term note (MTN). "). The company intends to use this facility to raise funds for general corporate purposes. Led by Nesbitt Burns, Torstar's MTN agency group also includes TD Securities, Scotia McLeod and CIBC Wood Gundy CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy Inc. by CIBC. CIBC Wood Gundy is a division of CIBC World Markets. Canadian Imperial Bank of Commerce Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2. Securities. Torstar Corporation is a broadly based information and entertainment communications company. Its operations include The Toronto Star, Canada's largest daily newspaper; Metroland Printing, Publishing and Distributing, publishers of community newspapers and distributors of advertising materials; Harlequin Enterprises, the world's largest publisher of series romance fiction; the Children's Supplementary Educational Products Division which publishes and produces educational products for teachers, parents and children under the Frank Schaffer, Delta Education, Tom Snyder Productions and Brighter Vision names; and a 57 percent interest (50 percent voting interest) in Hebdo Mag, a publisher of classified advertising magazines and papers in 13 countries throughout North America, Europe and Asia. CONTACT: Torstar Corporation D.T. Smith, 416/869-4042 |
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