Bad Credit

By Alan Fein- Senior Staff Reporter

Bad Credit Credit Creditres After finalizing its recapitalization plan in May 2003, the Canadian PCS provider announced that it was seeking more favorable lenders for refinancing C$450 million of new secured bank debt.

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Bad Card Credit Credit January 22, 2004 (AXcess News) Montreal Quebec - Microcell Telecommunications Inc. (TSX: MT), today announced that it will begin holding lenders' meetings with a view to voluntarily refinancing, on more favorable terms, its existing senior secured credit facilities with up to C$450 million of new secured bank debt.

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Bad Car Credit Loan Microcell, which has remained off the radar screen of the media since June when the company released an announcement offering its Fido brand Personal Communications Services (PCs) in cooperation with Sprint Canada, Inc., a division of Call-Net Enterprises (TSX: FON), where Sprint would co-market Fido Service to current and potential local service customers across Canada. The bundled wireline-wireless services were expected to be offered to over 150,000 residential customers by late 2003. No information was available as to the success of that marketing endeavor.In April 2003, Microcell announced that its recapitalization plan was expected to be finalized by May 1, 2003. Under the terms of the Plan, secured creditors, affected unsecured creditors and shareholders would receive their respective distribution of new securities in the recapitalized Company.

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Bad Credit Loan Mortgage The new securities to be issued by the recapitalized Company consisted of First Preferred Shares (voting and non-voting series), Second Preferred Shares (voting and non-voting series), common equity consisting of Class A Restricted Voting Shares and Class B Non-Voting Shares, and two series of Warrants. The issue price of all the new shares was $15 per share.

Auto Bad Credit Loan Today's news on refinancing its debt had little effect on Microcell's stock with the exception of its' D Preferred' and 'A & B Warrants', which traded up 6.02%, 4.22% and 4%. All other classes of Preferred (A through C) remained flat.

Bad Credit Mortgage Refinance D Preferred share volume was reported to be 35,300 while the A Warrant share volume was 9,104 and the B Warrant share volume chalking up 150,748.

Bad Credit Refinance The 52-week hi/lo price for the 'Preferred A' shares, the benchmark of Microcell's market, closed Wednesday at $22.24c - a new high, while its lo price for that period was reported to be $9.25c. The Preferred A shares had no volume for the day.

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