Hollinger Acquires Outstanding Notes

On March 15, 2002, Hollinger International Publishing Inc. completed a tender offer to acquire its outstanding 8-5/8 per cent senior notes due in 2005, and took up the approximately US$250 million principal amount of notes tendered. Hollinger also completed a consent solicitation to amend the related indenture.

Torys LLP acted for Hollinger, with a team including Andy Beck and Peter Keenan (tax) in New York and Darren Sukonick and Jennifer Soward in Toronto. Latham & Watkins in New York represented Credit Suisse First Boston Corporation, solicitation agent, with a team that included Peter Labonski and Senet Bischoff.