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    TCL.A   CA8935781044

TRANSCONTINENTAL INC.

(TCL.A)
  Report
Delayed Toronto Stock Exchange  -  05/24 04:00:00 pm EDT
15.36 CAD   +0.39%
05/02DBRS Confirms Transcontinental's Ratings
MT
04/25TC Transcontinental Stops the Distribution of Publisac in Mirabel
MT
04/25TRANSCONTINENTAL BRIEF : Stops the Distribution of Publisac in Mirabel
MT
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Transcontinental Inc. Announces Private Offering of $200 Million Senior Unsecured Notes

01/27/2022 | 06:00pm EDT

Transcontinental inc. announced that it has priced an offering of $200 million aggregate principal amount of 2.667% senior unsecured notes due in February 2025. The Notes are being offered through an agency syndicate consisting of Scotia Capital Inc., BMO Capital Markets, CIBC Capital Markets as joint bookrunners and including, National Bank Financial Inc., RBC Dominion Securities Inc., TD Securities Inc., Desjardins Securities Inc., J.P. Morgan Securities Canada Inc., BofA Securities Canada, MUFG Securities (Canada) Ltd., and Casgrain & Company Limited. The offering is expected to close on or about February 1, 2022, subject to customary closing conditions. Transcontinental Inc. intends to use the net proceeds of the offering to repay existing indebtedness, including repaying the tranche of term loans maturing on November 1, 2022 prior to maturity, and for other general corporate purposes. The Notes will be direct unsecured obligations of Transcontinental Inc. and will rank pari passu with all other unsecured and unsubordinated indebtedness of Transcontinental Inc. The Notes are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation. The Notes have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer and sale of the Notes in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration under, or an applicable exemption from the registration requirements of, the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer to sell or a solicitation of an offer to buy the Notes in any jurisdiction where it is unlawful to do so.


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All news about TRANSCONTINENTAL INC.
05/02DBRS Confirms Transcontinental's Ratings
MT
04/25TC Transcontinental Stops the Distribution of Publisac in Mirabel
MT
04/25TRANSCONTINENTAL BRIEF : Stops the Distribution of Publisac in Mirabel
MT
04/21Transcontinental Downgraded to Neutral at CIBC
MT
04/20Transcontinental Plans Appeal of Quebec Court's Dismissal of Motion to Quash a City of ..
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04/20TRANSCONTINENTAL BRIEF : Says Will Appeal Superior Court's Decision, Rendered Today, Dismi..
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04/20PUBLISAC AND MIRABEL : TC Transcontinental Will Appeal
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04/11Transcontinental Says Proposed City of Montreal Regulation Threatens its Flyer-Delivery..
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04/11TC Transcontinental condemns a City of Montreal regulation which would put an end to th..
GL
03/25TRANSCONTINENTAL INC. : Ex-dividend day for
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Analyst Recommendations on TRANSCONTINENTAL INC.
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Financials
Sales 2022 2 800 M 2 178 M 2 178 M
Net income 2022 - - -
Net Debt 2022 907 M 706 M 706 M
P/E ratio 2022 12,1x
Yield 2022 5,86%
Capitalization 1 336 M 1 039 M 1 039 M
EV / Sales 2022 0,80x
EV / Sales 2023 0,75x
Nbr of Employees 8 000
Free-Float 85,2%
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 15,36 CAD
Average target price 22,75 CAD
Spread / Average Target 48,1%
EPS Revisions
Managers and Directors
H. Peter Brues President & Chief Executive Officer
Donald LeCavalier Chief Financial Officer
Isabelle Marcoux Director-Legal Affairs, Mergers & Acquisitions
Benoit Guilbault Chief Information Officer
Anna Martini Independent Director
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