Cenveo commences offering of US$450M aggregate principle amount of senior notes due 2020; proceeds will be used to fund offers of its 10 1/2% senior notes due 2016, 7 7/8% senior subordinated notes due 2013 and 8 3/8% senior subordinated notes due 2014
March 9, 2012
– Cenveo, Inc. (NYSE: CVO, "Cenveo") announced today that its wholly-owned subsidiary, Cenveo Corporation, has commenced an offering of $450 million aggregate principal amount of senior notes due 2020. The Notes will be unconditionally guaranteed on a senior unsecured basis by Cenveo and substantially all of its existing and future North American subsidiaries. Net proceeds of the offering will be used to fund Cenveo's previously announced tender offer of its 10 1/2% senior notes due 2016, 7 7/8% senior subordinated notes due 2013 and 8 3/8% senior subordinated notes due 2014, or otherwise refinance such indebtedness, and to pay certain related costs and expenses.
The Notes have not been and will not initially be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release does not and shall not constitute an offer to sell or a solicitation of an offer to buy any security and shall not constitute, nor shall there be any sale of these securities in any state or jurisdiction in which, an offer, solicitation or sale would be unlawful.
Cenveo (NYSE: CVO), headquartered in Stamford, Connecticut, is a leading 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. The company provides a one-stop offering through services ranging from design and content management to fulfillment and distribution. With approximately 8,400 employees worldwide, we pride ourselves on delivering quality solutions and service every day for our more than 100,000 customers. For more information please visit us at www.cenveo.com.