Cenveo Launches $375 Million Notes Offering
January 26, 2010 (FinancialWire) — – Cenveo, Inc. (NYSE: CVO) said that its wholly-owned subsidiary, Cenveo Corp., has launched an offering of $375 million aggregate principal amount of senior second lien notes due 2018.
The notes will be unconditionally guaranteed by Cenveo and substantially all of its existing and future North American subsidiaries. They will be secured by a second-priority lien on substantially all of Cenveo’s and the domestic guarantors’ assets.
Conveo said it will use the net proceeds of the offering to refinance at least $300 million of the term loans outstanding and a portion of the revolving credit loans outstanding under Cenveo Corp.’s senior secured credit facilities, and to pay certain related costs and expenses.
Connecticut-based Cenveo is engaged in the management and distribution of print and related products and solutions. Cenveo operates through a network of production, fulfillment, content management, and distribution facilities across the globe.
FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.