Standard Register Co., Dayton, Ohio, filed for Chapter 11 bankruptcy, the company announced today.
The company also has entered into a $275 million acquisition agreement with private investment firm Silver Point Capital L.P. today. Standard Register believes this will "'right-size the business' balance sheet by significantly reducing its outstanding indebtedness and other liabilities to better position the business for long-term growth and profitability in the hands of a capable buyer," according to a company press release.
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%0D%0A%20%20The%20company%20also%20has%20entered%20into%20a%20$275%20million%20acquisition%20agreement%20with%20private%20investment%20firm%20Silver%20Point%20Capital%20L.P..%20Standard%20Register%20believes%20this%20will%20"'right-size%20the%20business'%20balance%20sheet%20by%20significantly%20reducing%20its%20outstanding%20indebtedness%20and%20other%20liabilities%20to%20better%20position%20the%20business%20for%20long-term%20growth%20and%20profitability%20in%20the%20hands%20of%20a%20capable%20buyer,"%20according%20to%20a%20company%20press%20release.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.goprintandpromo.com%2Farticle%2Fstandard-register-files-bankruptcy%2F" target="_blank" class="email" data-post-id="4948" type="icon_link"> Email Email
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