-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, R51FeSGgQq2+LNHb6bULb9jjKFBt+Y9WbabuPBDWJ9Z8XO3ifobeAe6l0d8bEGSF +PWCIPUFqTyCyicDGG5uJw== 0000950123-04-007548.txt : 20040618 0000950123-04-007548.hdr.sgml : 20040618 20040618170731 ACCESSION NUMBER: 0000950123-04-007548 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040617 FILED AS OF DATE: 20040618 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CANWEST GLOBAL COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001003565 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 000000000 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14148 FILM NUMBER: 04871161 BUSINESS ADDRESS: STREET 1: 3100 TD CENTRE STREET 2: 201 PORTAGE AVE CITY: WINNIPEG MANITOBA STATE: A2 BUSINESS PHONE: 2049562025 MAIL ADDRESS: STREET 1: 1981 MCGILL COLLEGE AVE CITY: MONTREAL STATE: A8 ZIP: H3A 3C7 6-K 1 y98375e6vk.txt CANWEST GLOBAL COMMUNICATIONS CORP. ================================================================================ FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2004 Commission File Number: 001-14148 CANWEST GLOBAL COMMUNICATIONS CORP. (Translation of registrant's name into English) 3100 TD CENTRE 201 PORTAGE AVENUE WINNIPEG, MANITOBA, CANADA R3B 3L7 (204) 956-2025 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [ ] Form 40-F [X] Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders. Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ___________. Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. Indicate by check mark whether by furnishing the information contained in this Form the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ ] No [X] If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ================================================================================ EXHIBIT INDEX -------------
Exhibit Number Description - ------ ----------- 1 CanWest Global Communications Corp. Press Release dated June 17, 2004.
EX-99.1 2 y98375exv99w1.txt PRESS RELEASE (CANWEST GLOBAL COMMUNICATIONS CORP. LOGO) NEWS RELEASE For Immediate Release June 17, 2004 CANWEST REFINANCES $911 MILLION OF SENIOR BANK FACILITIES WINNIPEG: CanWest Global Communications Corp. today announced that its wholly owned subsidiary, CanWest Media Inc., has successfully refinanced approximately $911 million of its existing senior secured credit facilities. The refinancing, in which Scotia Capital acted as Lead Arranger, involved refinancing of existing term loans at current market terms and extension of maturity until August 2009. As a result of these changes, the Company estimates that it will achieve an annual interest saving of approximately $4.5 million. The Company's senior lenders approved a number of additional amendments to the credit agreement increasing the total leverage ratio covenant to 6.0 times through February 2006 and reducing the interest coverage ratio covenant to 1.75 times. "This is another important step in the Company's ongoing program to reduce debt financing costs and improve the Company's financial flexibility," stated John Maguire, Chief Financial Officer. Over the past 36 months, the Company has sold over $725 million of non-strategic assets with the proceeds applied to permanently reduce bank debt. In 2003, the Company completed a number of refinancings, which together contributed annual interest savings of approximately $20 million. CanWest President and Chief Executive Officer Leonard Asper noted that in addition to improving cashflow by reducing interest costs, the covenant amendments provide significant additional financial flexibility for the Company going forward. "This transaction demonstrates the continued support of our lending group and the confidence of the financial markets in CanWest," said Asper. This news release contains comments or forward-looking statements that are based largely on the Company's current expectations and are subject to certain risks, trends and uncertainties. These factors could cause actual future performance to vary materially from current expectations. The Company may not update or revise any forward-looking statements or comments, whether as a result of new information, future events or otherwise. CanWest Global Communications Corp. (NYSE: CWG; TSX: CGS.S and CGS.A, www.canwestglobal.com) is an international media company. CanWest, Canada's largest publisher of daily newspapers, owns, operates and/or holds substantial interests in newspapers, conventional television, out-of-home advertising, specialty cable channels, web sites and radio networks in Canada, New Zealand, Australia, Ireland and the United Kingdom. For further information, contact: John Maguire Geoffrey Elliot Chief Financial Officer Vice President, Corporate Affairs Ph: (204) 956-2025 Ph: (204) 956-2025 jmaguire@canwest.com gelliot@canwest.com SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CANWEST GLOBAL COMMUNICATIONS CORP. Date: June 18, 2004 By: /s/ JOHN E. MAGUIRE ------------------------------------- John E. Maguire Chief Financial Officer
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