BNY Mellon Corporate Trust has been appointed trustee, registrar, paying agent and collateral agent for Postmedia Network Inc.’s $275 million bond issue, the proceeds of which were used to help complete Postmedia’s acquisition of publishing and associated digital and online assets of Canwest Publishing Inc. and Canwest Limited Partnership.
BNY Mellon will assume a broad range of administrative roles for the bond issue including processing of principal and interest payments, maintaining noteholder records and administering collateral.
“We have extensive experience servicing complex exchanges and are well positioned to support the needs of Postmedia following its acquisition of the Canwest publishing assets as part of the overall restructuring of the Canwest business,” says Sonia Chaliha, managing director and head of the Global Americas region for BNY Mellon Corporate Trust. “This deal highlights our ability to meet the diverse needs of issuers, investors and exchanges in multiple jurisdictions through our unmatched global staff and capabilities.”