Monday, April 6, 2009

Canwest faces Tuesday deadline for debt agreement with lenders

Tuesday is the new deadline for Canwest Global Communications Corp. to restructure a debt agreement with its bankers. The debt-laden company will have to amend the terms of its credit with senior lenders.

"What the banks want to do is make sure the company is making progress on selling assets or getting additional capital," said Chris Diceman, senior vice president at DBRS.

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