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Quotes & Info
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| CVO > SEC Filings for CVO > Form 8-K on 29-Nov-2012 | All Recent SEC Filings |
29-Nov-2012
Other Events
On November 29, 2012, Cenveo, Inc. announced that its wholly-owned subsidiary, Cenveo Corporation (the "Company"), is seeking to amend and supplement its existing senior secured credit facilities to, among other things, (i) allow for up to $50 million of a new unsecured loan to be prepaid similar to its ability to prepay its currently outstanding 7.875% Senior Subordinated Notes due 2013 (the "7.875% Notes"), (ii) provide for an additional $15 million Term Loan thereunder, and (iii) modify covenant levels for increased financial flexibility. In concert with the amendment, the Company expects to raise up to $50 million via a new unsecured loan, which along with the Term Loan supplement will be used to fully retire the remaining $67.9 million of its 7.875% Notes that remain outstanding as of November 29, 2012. While no assurance can be given that the Company will complete these transactions, the Company expects the amendment and Term Loan supplement will become effective by the end of 2012 followed shortly by the issuance of the new unsecured loan and final retirement of its 7.875% Notes.
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