Daily News: March 13, 2015

Wells, BofA Offer Standard Register Bankruptcy Loan

The Wall Street Journal reported Standard Register filed for Chapter 11 bankruptcy court protection, with a $275 million buyout offer from existing lender Silver Point Capital, and offer of a $125 million bankruptcy loan from Wells Fargo Bank and Bank of America.

The Journal said further Silver Point offered a $30 million bankruptcy loan to Standard Register, which comes due immediately if the bankruptcy court doesn’t approve the sale of the business by June 19.

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