Molson needs up to 5 years to repay debt

Article Abstract:

Molson Cos. Ltd. will need up to five years to repay the debt it got from acquiring its namesake brewery. The company's senior unsecured debt has been lowered by the Canadian Bond Rating Service Inc. to single-A (low) from single-A and its commercial paper to A-1 from A-1-plus. The company recently announced that it will acquire the 50% stake in Molson Breweries for C$ 1 billion. The stake was sold to Foster's Brewing Group Ltd. in 1989. The company will acquire the stake for C$680-million in cash and the rest with debt it has raised.

Comment:

Will need up to five years to repay the debt it got from acquiring its namesake brewery

Acquisitions & mergers, Use of Funds, Financial Holding Companies, Offices of Bank Holding Companies, Molson Inc., Article

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Air Canada CEO warns creditors

Article Abstract:

Montreal, Que.-based Air Canada, which is led by chief executive officer Robert Milton, is engaged in negotiations with creditors to restructure the debt of Calgary, Alb.-based Canadian Airlines International Ltd. Canadian Airlines has $1 billion in long-term debt.

Organizational history, Scheduled Airlines, Scheduled Air Transportation, Air Transportation, Scheduled, And Air Courier Services, Finance, Airlines, Air Canada, Canadian Airlines International Ltd.

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Canada violating native rights, UN told

Article Abstract:

A United Nations conference in Geneva, Switzerland included an attack on the Canadian government by Native American groups. The groups criticized the Canadian government's policies as racist at the UN Working Group on Indigenous Populations conference.

Government domestic functions, Native Americans NEC, Conferences, meetings and seminars, Political aspects, Native Americans, Native North Americans, United Nations, Geneva, Switzerland (City)

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