Daily News: April 17, 2013

BofA, Others Refinance Cenveo Credit Facilities

Cenveo, Inc. announced that its subsidiary, Cenveo Corporation, completed the refinancing of its existing senior secured term B loan and revolving credit facility with an amended and restated $360 million term B loan facility, through Bank of America as administrative agent, and joint lead arrangers Bank of America, Macquarie Capital (USA) and Barclays Bank.

As a part of the refinancing, Cenveo also closed a new $200 million asset-based loan credit agreement with Bank of America as administrative agent, and Bank of America, Wells Fargo Bank, Barclays and GE Capital as joint lead arrangers.

Robert G. Burton, Sr., chairman and chief executive officer stated, “We were pleased to be able to take advantage of the strong credit markets to refinance our next two maturities. This refinancing lowers cash interest expense on our indebtedness by over $8 million on an annual basis. The favorable terms are a reflection of improved markets and Cenveo’s recent performance. We want to thank our lenders for their continued support and we can now devote our efforts to executing on our strategy, including evaluating our strategic alternatives as our next maturity is four years away.”

Stamford, CT-based Cenveo is a 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.