McGraw-Hill Ryerson Limited Announces Treasury Support Program
(firmenpresse) - WHITBY, ONTARIO -- (Marketwired) -- 04/26/13 -- Attention: Business/Financial Editors
McGraw-Hill Ryerson Limited (TSX: MHR) announced today that it has established a treasury support program pursuant to which MHR expects to make loans from time to time to certain affiliates of McGraw-Hill Global Education Holdings, LLC, an affiliate of MHR, in exchange for interest-bearing, demand promissory notes. The loans will be secured through a guarantee issued by McGraw-Hill Global Education Holdings, LLC. MHR expects that the establishment of the treasury support program will allow it to generate higher returns on the uncommitted cash resources of MHR from time to time.
The aggregate fair market value of the Notes issued pursuant to the treasury support program, will not, at any time, exceed the lesser of: (a) 25% of MHR's then-current market capitalization; and (b) $15,000,000. The treasury support program will constitute a "related party transaction" for purposes of MI 61-101 - Protection of Minority Security Holders in Special Transactions, but is exempt from the formal valuation and minority shareholder approval requirements.
Contacts:
McGraw-Hill Ryerson Limited
Brenda Arseneault
Chief Financial Officer and Secretary-Treasurer
(905) 430-5223
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2013 - 11:09 Uhr
Sprache: Deutsch
News-ID 1220816
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
WHITBY, ONTARIO
Phone:
Kategorie:
Books & Publishing
Anmerkungen:
Diese Pressemitteilung wurde bisher 319 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"McGraw-Hill Ryerson Limited Announces Treasury Support Program
"
steht unter der journalistisch-redaktionellen Verantwortung von
McGraw-Hill Ryerson Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
