Needs verification: No interest outstanding before the Sept.15 09 missed interest payment and default; causing full principle repayment on the 8 percent notes
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http://www.canwestglobal.com/investors/investor_documents/F10/q1/CGCC_FS_Q1_2010_FINAL.pdf
In May 2009, Canwest Media entered into a new $75 million senior secured asset based loan facility (the “ABL facility”) (note 14) and issued $105 million (US$94 million) secured notes (the
“12% Notes”) (note 14) for cash proceeds of $100 million to certain holders of its 8% Notes. The proceeds were used to pay, in full, amounts owing under Canwest Media’s previous senior secured credit facilities and certain secured hedging derivatives, as well as to finance operations.
