A Sunday deadline for Quebecor World, the dominant printer for the comic industry, to complete a new financing deal passed without comment from the company or its lenders.  The deadline had been extended from Wednesday to give the company more time to convince its banks, led by Royal Bank of Canada, to allow the lenders for $400 in new financing (Quebecor's parent company and Tricap Partners, managed by Brookfield Asset Management) to take a prior security position ahead of the bank debt. 

The crisis began after an attempt by the debt-laden printer to sell its European operations last year failed, and the company found no market for an attempted $750 debt offering amid difficult borrowing conditions. 

Quebecor's World stock closed Friday at $.32, down from around $10.00 as recently as November.