Goldman Sachs Canwest dervative swap
CW Media Holdings Inc. has entered into a foreign currency interest rate swap, which expires in February 2015, to fix the interest rate and principal payments on an initial notional amount of US$446 million, reduced accordingly as the principal portion of the debt is repaid, resulting in a swap adjusted interest rate of 8.7% and a fixed currency exchange of
US$1:1.064 Canadian dollars until February 2015. The swap was designated as a cash flow hedge and its fair value of $42 million (current portion of $22 million)
