Business News

Cenveo Completes Refinancing

Thursday 24. January 2013 - Completes $50 million Unsecured Term Loan

Repays remainder of 7.875% Notes
Cenveo Corporation (the “Company”), a wholly-owned subsidiary of Cenveo, Inc. (NYSE: CVO) announced that it obtained a $50 million unsecured term loan due 2017 (“Unsecured Term Loan”) from Macquarie Capital. The Company used the proceeds from the Unsecured Term Loan, plus available cash and borrowings under its revolving credit facility to repay the remainder of its 7.875% senior subordinated notes due 2013 plus accrued and unpaid interest.
Robert G. Burton, Sr., Chairman and Chief Executive Officer stated:
“We are very pleased to have completed this transaction as our next bond maturity is now 2017. We will now devote our attention on operating and growing our business. As we stated before, we will focus our attention in 2013 on strategically evaluating our operations while looking to grow our cash flows, reduce debt and reinvest in strategic portions of our business. I look forward to updating our stakeholders on our progress when we release earnings in February.”
Cenveo (NYSE: CVO), headquartered in Stamford, Connecticut, is a leading global provider of print and related resources, offering world-class solutions in the areas of custom labels, specialty packaging, envelopes, commercial print, content management and publisher solutions. The company provides a one-stop offering through services ranging from design and content management to fulfillment and distribution. With approximately 7,900 employees worldwide, we pride ourselves on delivering quality solutions and service every day for our more than 100,000 customers.