Creditors to own almost all of Postmedia under proposed restructuring – The Globe and Mail

Comments Print /License AA Postmedia Network Canada Corp. is proposing a restructuring plan to reduce its debt by $307-million and annual interest payments by about $50-million as the struggling newspaper company looks to return to firmer financial ground. The proposed recapitalization transaction announced Thursday would wipe out about $268-million (U.S.) in debt in exchange for…