Transcontinental Inc. (TSX:TCL.A)(TSX:TCL.B)(TSX:TCL.PR.D) announced today that
it has priced an offering of $250 million aggregate principal amount of 3.897%
senior unsecured notes ("the Notes") due in 2019. The Notes are being offered
through an agency syndicate led by CIBC World Markets Inc. and Scotia Capital
Inc. The Notes will be issued at par for aggregate gross proceeds of $250
million. The offering is expected to close on or about May 13, 2014, subject to
customary closing conditions. Transcontinental Inc. intends to use the net
proceeds of the offering to repay outstanding indebtedness under its revolving
credit facility and for general corporate purposes.


The Notes will bear interest at a fixed annual rate of 3.897%, payable in equal
semi-annual instalments over the five-year term. The Notes will be direct
unsecured obligations of Transcontinental Inc. and will rank pari passu with all
other unsecured and unsubordinated indebtedness of Transcontinental Inc. The
Notes are being offered in Canada on a private placement basis in reliance upon
exemptions from the prospectus requirements under applicable securities
legislation. 


"Today's announced debt offering will provide the Corporation with continued
flexibility to pursue its transformation and execute its growth strategy
supported by a strong balance sheet. Furthermore, the current environment
provides the Corporation with an opportunity to secure financing at attractive
levels," said Nelson Gentiletti, Chief Financial and Development Officer of
Transcontinental Inc.


The Notes have not been and will not be qualified for sale to the public under
applicable securities laws in Canada and, accordingly, any offer and sale of the
Notes in Canada will be made on a basis which is exempt from the prospectus
requirements of such securities laws. The Notes have not been and will not be
registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be offered, sold or
delivered in the United States of America or its territories or possessions or
to U.S. persons except in compliance with the registration requirements of the
U.S. Securities Act and applicable state securities laws or pursuant to an
exemption therefrom. This press release does not constitute an offer to sell or
a solicitation of an offer to buy any of the Notes in the United States.


About TC Transcontinental

Largest printer and a leading provider of media and marketing activation
solutions in Canada, TC Transcontinental creates products and services that
allow businesses to attract, reach and retain their target customers. The
Corporation specializes in print and digital media, the production of magazines,
newspapers, books and custom content, mass and personalized marketing,
interactive and mobile applications, door-to-door distribution, and also
manufactures a range of flexible packaging products in the United States. 


Transcontinental Inc. (TSX:TCL.A)(TSX:TCL.B)(TSX:TCL.PR.D), including TC
Transcontinental, TC Media, TC Transcontinental Printing and TC Transcontinental
Packaging, has over 9,000 employees in Canada and the United States, and
revenues of C$2.1 billion in 2013. Website www.tc.tc.


Forward-looking Statements

Our public communications often contain oral or written forward-looking
statements which are based on the expectations of management and inherently
subject to a certain number of risks and uncertainties, known and unknown. By
their very nature, forward-looking statements are derived from both general and
specific assumptions. The Corporation cautions against undue reliance on such
statements since actual results or events may differ materially from the
expectations expressed or implied in them. Forward-looking statements may
include observations concerning the Corporation's objectives, strategy,
anticipated financial results and business outlook. The Corporation's future
performance may also be affected by a number of factors, many of which are
beyond the Corporation's will or control. In addition, the closing of the
proposed offering of Notes is subject to general market and other conditions and
there can be no assurance that the proposed offering of Notes will be completed
or that the terms of the proposed offering of Notes will not be modified. These
factors include, but are not limited to, the economic situation in the world and
particularly in Canada and the United States, structural changes in the
industries in which the Corporation operates, the exchange rate, availability of
capital, energy costs, competition, the Corporation's capacity to engage in
strategic transactions and integrate acquisitions into its activities, the
regulatory environment, the safety of our packaging products used in the food
industry, innovation of our offering and concentration of our sales in certain
segments. The main risks, uncertainties and factors that could influence actual
results are described in Management's Discussion and Analysis (MD&A) for the
fiscal year ended on October 31st, 2013, in the latest Annual Information Form
and have been updated in the MD&A for the first quarter ended January 31st, 2014
(available on SEDAR at www.sedar.com). 


Unless otherwise indicated by the Corporation, forward-looking statements do not
take into account the potential impact of nonrecurring or other unusual items,
nor of divestitures, business combinations, mergers or acquisitions which may be
announced after the date of May 8, 2014. 


The forward-looking statements in this press release are made pursuant to the
"safe harbour" provisions of applicable Canadian securities legislation. 


The forward-looking statements in this release are based on current expectations
and information available as at May 8, 2014. Such forward-looking information
may also be found in other documents filed with Canadian securities regulators
or in other communications. The Corporation's management disclaims any intention
or obligation to update or revise these statements unless otherwise required by
the securities authorities. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Media: Nathalie St-Jean
Senior Advisor, Corporate Communications
TC Transcontinental
514 954-3581
nathalie.st-jean@tc.tc
www.tc.tc


Financial Community: Jennifer F. McCaughey
Senior Director, Investor Relations
and External Corporate Communications
TC Transcontinental
514 954-2821
jennifer.mccaughey@tc.tc / www.tc.tc
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