Printer Friendly

HOLLINGER INC. FILES PROSPECTUS FOR DEBENTURE OFFERING

 TORONTO, Nov. 9 /PRNewswire/ -- Hollinger Inc. announced that it has filed today a preliminary short form prospectus for an offering of approximately $100 million principal amount of Southam-Linked Convertible Debentures due Nov. 1, 1998 (Debentures), in Canada. Each Debenture will be convertible on maturity at the option of the holder into a number of common shares of Hollinger calculated to allow the holder to benefit by virtue of an increase in the market price of common shares of Southam Inc. above the current market price, subject to a maximum limit.
 The pricing of the Debentures is expected in late November. The net proceeds of the offering, together with other funds of Hollinger, will be used by Hollinger to repay all of its $125 million Adjustable Rate Convertible Subordinated Debentures due 2008. Notice of such redemption will be given as soon as practicable following the closing of the offering of the Debentures.
 Hollinger is a Canadian-based international newspaper company which, through its subsidiaries and associated companies, is engaged primarily in the publishing, printing and distribution of newspapers and magazines in Canada, the United Kingdom, the United States, Australia and Israel.
 -0- 11/09/93
 /CONTACT: J.A. Boultbee, vice president - finance and treasury, of Hollinger Inc., 416-363-8721/
 (HLG.)


CO: Hollinger Inc. ST: Ontario IN: PUB SU: OFR

TW -- NY027 -- 2118 11/09/93 09:23 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 9, 1993
Words:225
Previous Article:BOSTON CHICKEN COMPLETES SALE OF 2.8 MILLION SHARES OF COMMON STOCK IN IPO AND CONCURRENT PRIVATE PLACEMENT
Next Article:EMPRESAS ICA GRANTED HIGHWAY CONSTRUCTION CONTRACT
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters