Cenveo Completes RefinancingJanuary 29, 2013
Headquartered in Stamford, Conn., Cenveo Corporation, a wholly-owned subsidiary of Cenveo Inc., has obtained a $50 million unsecured term loan due 2017 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 percent 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.”
For more information, visit www.cenveo.com.